Vol. 4 No. 43; Dec. 4, 2016
NJ Tech Meetup, Additive Manufacturing, Morris Tech Meetup, iEnterprises Accelerator, Newark Innovation Acceleration Challenge And More
- At the NJ Tech Meetup Monday, the audience heard from Plated cofounder Nick Taranto.
Aaron Price interviews Nick Taranto of Plated | Esther Surden
- Taranto told the group about his meal kit company's rough beginnings when he put together ingredients for dinner and delivered them himself to clients who had signed up.
- He said his company started fundraising immediately after its launch, and it's a "super-grim process...We met with over 200 angel investors and got one 'yes' and that was from my dad."
- Plated is in a very crowded competitive space, but rather than compete with other food startups, it wants to take market share away from large companies like Whole Foods.
- As always, three startups presented.
Carlos Reines of RubiconMD | Esther Surden
- Congratulations to Audience Choice award winner Carlos Reines of RubiconMD.
- Additive manufacturing was on the agenda at NJIT, where attendees heard from several speakers on the topic and then split off into workgroups.
- The Additive and Advanced Manufacturing Summit aimed to help local professionals enhance workforce capabilities and increase manufacturing employment opportunities.
Scenes from the Additive and Advanced Manufacturing Summit | Esther Surden
- During her introduction, GaleTennen Spak noted that NJIT's own maker space would be opening in the spring.
- In one of the presentations, David Sabanosh, from the Picatinny Arsenal, discussed how to get additive manufacturing components out to the battlefield so that soldiers could use it to replace parts.
- According to professor John Federici, lack of software design support is a critical barrier to future development.
John Carini announces the iEnterprises Technology Accelerator. | Esther Surden
- At a Morris Tech Meetup that was packed with presentations Tuesday, John Carini announced his new accelerator called the iEnterprises Technology Accelerator.
- Carini is offering a way for very early startups to get the development talent they need so they can bring their products to market faster.
- He said that the accelerator is focused on building software and gaining long term sustainability for startups.
- The accelerator provides onshore and offshore development resources and sales and marketing tools.
Jack Killion at Morris Tech Meetup | Esther Surden
- Also at that meetup, Jack Killion gave advice derived from a long career as an entrepreneur.
- Killion has started and grown eight businesses and is currently involved in two more.
- At the Jersey City Tech Meetup Venmo executive Matt Hamilton noted that consumers tend to stick with what they know and like.
- Payment startups will need to try increasingly harder to convince them to switch to new solutions, he told the group.
Crowd at the Jersey City Tech Meetup | Courtesy Jersey City Tech Meetup
- Jacqueline Loeb, Co-Founder of SaaS job placement company Scouted, spoke of her organization's success in developing algorithms to create a meritocracy of talent for less-tenured members of the workforce.
- At the Newark Innovation Acceleration Challenge, students and community members, presented their entrepreneurial ideas.
- This year, many of the ideas involved technology of one kind or another.
- Prizes were supplied by Capital One bank.
- Congratulations to student track winners:
- Pavan Bugude – Walnot – secure, high-tech, wallet
- David Lo – ExaLight – light solution for neonatal jaundice
- Hashir Qazi – Lasso Loop – software to minimize truckers away from home time
Community track winners with Prof. Michael Ehrlich and representatives from Capital One bank. | Esther Surden
Events / Deadlines:
- And congratulations to the community track winners:
- Jennagloria Pacheco – Sweet Glori’s Desserts – vegan and allergy free sweets
- Jennifer Griffith – School Money – scholarship crowdsourcing
- Nestor Velez – SanoMind – affordable recorded mental health services
- Salil Sethi – GoSchoolWise – AI platform leverages high school guidance counselors
- On Thursday, Scarlet Startups hosted Gerard Adams, the successful entrepreneur who has set up Fownders, an accelerator program in Newark.
- Adams told aspiring entrepreneurship students that it's not about making money, but about creating value that is aligned with your values.
- On Saturday, Jersey City held a sustainability hackathon at the new &Co Coworking space in Jersey City.
- Some 100 people formed 14 teams to work on data solutions to issues like storm water flooding, the lack of trees in the city, and even littering.
- Congratulations to Team Meghan for winning the $1500 prize.
- Also on Saturday, Cowerks and the Jersey Shore Tech Meetup participated in the Lakehouse complex open house.
- Cowerks said its new Junction Hall offices will be available as of Dec. 15.
By Esther Surden with Givon Zirkind
Robert Cortright, CEO and founder of DriveWealth | Courtesy DriveWealth
This startup roundup contains news from DriveWealth, which released its APIs globally; investFeed, which raised more than a half million dollars on Crowdfunder; and cooperative Alliance Distribution, a consumer Bluetooth technology company. More
By Esther Surden
Sam Swaminathan of RevenueMantra Digital Media | Esther Surden
attended the most recent New Jersey Founders & Funders
event, at the Commercialization Center for Innovative Technologies
(North Brunswick) at the end of October. This story covers startups Armit and RevenueMantra. More
By Esther Surden
The Wylei ribbon cutting with Mayor Steven Fulop and Meg Columbia-Walsh | Courtesy Wylei
a venture-backed tech startup with 17 employees, cut the ribbon on it headquarters in Jersey City Nov. 25. More
By Esther Surden
Winning UnCrash team with the judges- Veneeta Singhal, Marlon Devila, Aylin Green, Allison Miller, Michael Cabus | Code for Princeton
In October, Code for Princeton
held a very different kind of hackathon, one that combined data and art. More
By Tom Paine / Philly Tech News
David Downey, CEO of Princeton-based Invidi | Invidi.com
(Princeton) has been acquired by a triumvirate of AT&T, Dish, and advertising giant WPP. More
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