Newark has Been a hotbed of entrepreneurial activity for several years and it doesn’t look like that’s about to slow down. If you’re looking for an organization or environment that will nurture and advance your entrepreneurial spirit, Newark has several resources that may be just what you need.
Newark Venture Partners
Newark Venture Partners (NVP) is an equity investment group and tech incubator that is backed by several large corporations in Newark, including Audible, Prudential, Rutgers University and Dun & Bradstreet. NVP seeks to help entrepreneurs build distinctive technology companies and advance the overall technological development in the city. The group invests in seed and Series A companies, and will invest up to $1 million in the businesses it selects.
Rutgers Center for Urban Entrepreneurship and Economic Development
Rutgers Center for Urban Entrepreneurship and Economic Development (CUEED) supports urban entrepreneurs looking to make socially conscious change. CUEED connects scholarly works with private capital, government, and non-profit sectors. The center’s goal is to build a research-driven, teaching and practitioner-oriented urban entrepreneurship and economic development program, and create wealth in urban communities.
NJIT’s Enterprise Development Center
The Enterprise Development Center (EDC) is a high-tech and life science business development center on the campus of New Jersey Institute of Technology. The center’s mission is to help startups become independently profitable as well as profitable to the local and global economy. EDC teaches entrepreneurs how to attract investment capital, how to grow staff, and how to develop effective marketing strategies, among other skills.
Institute for Entrepreneurial Leadership
Whether you already have a business or just a business idea, the Institute for Entrepreneurial Leadership (IFEL) can help you. The organization’s goal is to increase its members’ access to the knowledge, networks and capital they need to be successful. IFEL does this through its Workshops in Business Opportunities, its 14-day Business Plan Bootcamps, its GrowSpace co-working spaces, and its annual Next Level Conference for aspiring entrepreneurs, business professionals and business owners.
Young Entrepreneurs Academy
The Young Entrepreneurs Academy (YEA!) is a 30-week after school program for middle and high school students interested in starting and running their own businesses. YEA! is run by the Newark Regional Business Partnership and has helped over 6,000 students launch over 4,000 businesses and social movements.
FOWNDERS, Accelerated Growth For Millennial Entrepreneurs
FOWNDERS is a startup accelerator program for millennial entrepreneurs. It accepts startups that have been proven market fit and puts them through a 12-week business development program. The organization’s mission is to “innovate, develop and scale businesses that make a measurable, meaningful, positive difference in the world.”
Newark Community Economic Development Corporation
The Newark Community Economic Development Corporation (Newark CEDC) is the primary business development company for the city of Newark. It retains, attracts and grows businesses, enhances small and minority business capacity, and spurs real estate development throughout Newark’s 20 neighborhoods.