NEWARK, NJ — A fresh Newark-based venture capital fund is primed to begin pumping millions of dollars into the city’s technology sector this month, and they’re looking for local innovators in need of the cash to make their dreams come true.
On Sept. 7, the Essex County-based Newark Venture Partners (NVP) is slated to kick off its inaugural accelerator class for its “Newark Venture Partners Labs” initiative, which will fund participants with $80,000 per company and invest up to $1 million in all graduating companies that complete a qualified financing.
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