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Future of Work – Part V

Developing the Middle Skills Workforce
In collaboration with
Save the Date! October 23rd – 8:30-11am
When asked to choose between a new car and a smart phone, college students choose the smart phone. Autonomous vehicles are coming to our streets. Robot assisted surgery is now commonplace. We know our world of work is changing.
Continuing our emphasis on the importance of the Future of Work, our next program in the series will be held in partnership with NJBIA on Wednesday, October 23rd.

This program will focus on developing the middle skills workforce to meet the changing business environment in the era of AI and Robotics through apprenticeships, certifications and other innovative means.

Keynote speaker will be Jane Oates, President of Working Nation. Prior to Working Nation, Oates served as the Assistant Secretary for Employment and Training at the US Department of Labor (DOL) under President Obama.
Oates became a national leader in education and workforce programs during her ten years with Senator Edward M. Kennedy on the US Senate’s Health, Education, Labor and Pensions Committee. Oates served as the Commissioner of the New Jersey Council of Higher Education under Governor Corzine.

We are assembling a C-level speaker panel in key sectors for New Jersey Healthcare, Cybersecurity, Energy, and Logistics and we’ll keep you posted!

SAVE THE DATE- Wednesday, October 23rd 8:30-11:00AM.

Still the Medicine Chest of the World

New Jersey’s pharmaceutical and biotech industries have changed in recent years, but the sector remains strong and the state continues to attract new businesses.

In 2015 when Dr. Marco Taglietti, president and chief executive officer of Scynexis, was looking to move his headquarters out of Research Triangle Park in North Carolina he had several choices including New York and Boston – both hot spots for pharmaceutical and biotech companies. But it was Jersey City that ultimately got Taglietti’s attention.

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By Anthony Vecchione, August 12, 2019 | NJBIZ

TOP 20 NJ TECH AND TECH-RELATED COMPANIES ON THE INC. 5000 FASTEST GROWING COMPANIES LIST

Each year, Inc. magazine puts out its list of the 5,000 fastest growing privately held companies in the United States. We looked at the list for 2019 and narrowed it down to the fastest-growing tech and tech-related companies in New Jersey. All of the information here came from the Inc. list or from each company’s own website.
The information from Inc. can be found here.

Incentive to Innovate: Zwicker says new legislation will boost N.J. economy, help it keep up with rival states

In the aftermath of two major incentive programs for businesses expiring in New Jersey, there are a few ideas emerging of what the future of Garden State incentives might look like.

The state Economic Development Authority’s Grow New Jersey and Economic Redevelopment & Growth programs expired at the end of last month, which was in many ways the culmination of a drama-embroiled disagreement among politicians in the State House.

Gov. Phil Murphy didn’t sign an extension that passed the state Legislature that would have averted the discontinuation of the tax credit-driven programs. But, even as he let those long-existing business benefits expire, he signed another bill that offers a different path to tax credits.

The bill bolstered a tax credit for angel investors putting money into an emerging Garden State technology firm. The tax credit was raised from 10% to 20% of qualified investments, with additional benefits for investments in Opportunity Zones, low-income communities or in businesses certified as minority- or women-owned.

Assemblyman Andrew Zwicker (D-Monmouth Junction) was one of the main backers of that legislation, which sped through the state Assembly and Senate in just over a week.

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By Brett Johnson, August 7, 2019 | ROI-NJ

The New Adventures of Older Entrepreneurs

It didn’t take the double hashtags of August 21 – #seniorcitizensday and #worldentrepreneurday
for the AARP Foundation to recognize where entrepreneurship is booming in the U.S.

America is not getting any younger. In fact, last year the U.S. Census Bureau’s national population projections forecast that by the year 2030, older people, 65 years and older, will outnumber children under age 18 for the first time in U.S. history.

The aging of America has special significance to Aliza Sir. Sir is the director of Income Security at the AARP Foundation, the country’s largest organization dedicated to issues facing Americans over the age of 50. In her talks around the country, including appearances at the Kauffman Foundation’s ESHIP Summit and Rural RISE, she seeks to connect with people in community ecosystems that support entrepreneurs.

Sir likes to point out to her audiences that they may need to revise their notions of a typical entrepreneur. Entrepreneurs you meet today are more likely to be empty nesters or grandparents than tech-savvy youngsters in a hoodie.

Ewing Marion Kauffman Foundation, 08/15/19

Call for Nominations for 7th Annual Immigrant Entrepreneur Awards

Foreign-born individuals who have achieved growth, advocacy and innovation are invited to apply for the 2019 New Jersey Immigrant Entrepreneur Awards (NJIEA). The awards will be presented on Tuesday, October 8, 2019 at 8:30 AM at the Rutgers University Visitors Center, 100 Stephen Rd, Piscataway, NJ 08854. The awards program features Rutgers Chancellor Christopher Molloy. The awards program is co-sponsored by the Middlesex County Regional Chamber of Commerce.

The New Jersey Immigrant Entrepreneur Awards honor immigrants for their achievements in growth, advocacy, and innovation, and name the 2019 Immigrant Entrepreneur of the Year.

Do you know someone – a colleague, family member, neighbor, or friend – who you think has what it takes to be named an award winner for innovation, growth or advocacy or could be named 2019 Immigrant Entrepreneur of the Year?

Nominations are open through September 6, 2019.

Tammy Murphy, EDA to partner with Golden Seeds’ angels to grow funding for
New Jersey’s women-owned firms

Tammy Snyder Murphy said the issue is clear.
“We know that female entrepreneurs have raised significantly less private capital than their male counterparts,” she said.
The reason, she added, is not as clear.
Tammy Murphy and the New Jersey Economic Development Authority recently announced a partnership with Golden Seeds angel investors.
Women-owned businesses account for nearly 40% of new companies,
according to American Express. But Golden Seeds, a nationwide angel investor network dedicated to investing in women-led companies, estimates less than 20% of startup capital goes to women-led businesses, despite repeated studies reporting higher financial returns for businesses with women at the helm.
“Studies also show companies that include women in top management positions increase their margins and produce more patents than teams with solely male leaders,” Murphy said.
By Meg Fry, ROI_NJ, Trenton | Aug 19, 2019

The New Jersey Tech Council Appoints Aaron Price as its new CEO and has acquired Propelify

The New Jersey Tech Council, the state’s largest technology trade organization, announced today that it has appointed Aaron Price as its new CEO, effective immediately, and has also acquired Propelify, one of the largest communities of entrepreneurs and innovators, and the producer of the Propelify Innovation Festival, which draws thousands of innovators to New Jersey each year.

President James Barrood will remain as a special advisor into the fall.

Price started Propelify with the inaugural Innovation Festival in 2016 and a mission to “inspire the tech and innovation community and those who take action – who propel.” Since its launch, the Festival has grown into one of the world’s largest tech events, convening more than 8,000 entrepreneurs, influencers, and policy makers on the Hoboken waterfront in what Forbes dubbed the “SxSW of the Northeast.” This year’s event will take place October 3rd on Pier A in Hoboken.

Propelify was inspired by Aaron’s other focus, the award winning NJ Tech Meetup, the state’s largest entrepreneurial community with over 7000 members. Aaron has served as the tech community expert for NJ Governor Phil Murphy, The White House (Obama Administration), the NJ Economic Development Authority, Fast Company, Entrepreneur Magazine, and The Wall Street Journal. A serial entrepreneur, Aaron has founded several technology companies, including deliverU, effordables, weCraft, and livecube.

BusinessWire | August 5, 2019

Events

Global Business Summit

How the New U.S.-Mexico- Canada Agreement (USMCA) Facilitates Global Business
Join the Princeton-Mercer Regional Chamber of Commerce and their Global Opportunities Program at the Global Business Summit on September 13th at the DoubleTree Princeton.
Opening Keynote Speaker: Ian Steff, Deputy Assistant Secretary for Manufacturing, Performing the non-exclusive functions and duties of the Assistant Secretary for Global Markets and Director General of the United States and Foreign Commercial Service, U.S. Department of Commerce, International Trade Administration

Closing Keynote Speaker: Kathy Wyrofsky, President of International Products Corporation (IPC)
Meet experts who can help you do business!

ScaleUp! Strategy Simulation Workshop

By the Strategy Tools Team from Norway

September 19th in Princeton
Hosted by To The Point

In this high energy strategy simulation, you’ll be taking on the role of a leadership team in a publicly listed company, your job is to transform the company into a global winner. Are you up to the task?

Learn how to transform, scale and grow your company in the face of change and strategic uncertainty.

This half-day workshop will be run by Strategy Tools’ founder, Christian Rangenand Scott Newton and provides a unique opportunity to ‘test out’ a team’s decision-making process in a low-risk and fun environment.

Chris is the founder of two organizations: Engage//Innovate and Strategy Tools. He is a faculty member at the Norwegian Business School, where he teaches strategy, entrepreneurship and numerous executive education programs. Recent publications include the Shifting Energy Arena (2018) and Building Switzerland’s Innovation Superclusters. He will also be speaking at the upcoming Drucker Forum in November.

Here is a video for more information as well as video from Rita McGrath about the program.

September 19th at the D&R Greenway Trust, Princeton, NJ

Click here to learn more and to register for this event.

China IP Road Show

Register to attend at: http://bit.ly/30mY6Nm

Women in International Trade Roundtable

Join us for this robust roundtable led by Sally White, Director of Business Development at New Jersey Manufacturing Extension Program, Inc. Sally will share her views and experiences from her 35 years of working throughout Asia, the Americas, Europe and the Middle East.

When: Tuesday, September 10, 2019 from 8:00 AM to 9:30 AM EDT
Where: SobelCo, 293 Eisenhower Parkway, 2nd Floor, Livingston, NJ 07039
Click here to Register.