The New Jersey Economic Development Authority (NJEDA) has launched the Innovation Network Capital New Jersey (INC-NJ) platform designed to connect entrepreneurs and investors. The digital platform is expected to bring together the state’s innovation ecosystem, allowing emerging companies and funders to engage with one another and share various business and investment opportunities.
According to the NJEDA, emerging New Jersey-based companies will be able to showcase their businesses and build relationships with investors through the platform. Investors can use INC-NJ to discover new companies that fit their investment criteria. All users will be able to view curated funding and incentive resources and learn about the latest industry news.
The NJEDA hosts the semiannual NJ Founders and Funders events, which help facilitate warm introductions between innovative emerging companies and sophisticated angel and institutional investors. INC-NJ will help scale the NJEDA’s efforts and allow many more entrepreneurs and investors to forge relationships. The new digital platform is also aligned with the Strategic Innovation Centers (SICs) launching across the state. Through these SICs, more and more companies are joining the innovation ecosystem. INC-NJ will serve as a tool for these companies to further connect with the ecosystem and for investors looking for new deals.
New Jersey-based companies, with less than 225 employees and in “targeted industries”, as well as U.S.-based investors and those already involved in NJEDA programs, are welcome to join INC-NJ. Companies not currently registered to do business in New Jersey can join the platform to engage with the innovation ecosystem, but will have limited access accounts.
According to NJEDA Chief Executive Officer Tim Sullivan, “INC-NJ will make it even easier for emerging company owners to link with potential investors, highlight their developments, and scale their business in New Jersey. Having a digital platform where those within the innovation ecosystem can network and form new relationships is a key tool that will lead to new jobs and greater economic activity across the state.”
To learn more about INC-NJ, go to https://www.njeda.gov/inc-nj/
To access more business news, visit NJB News Now.
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