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New Resource for R&D Grant Recipients
In a new agreement between the EDA and the New Jersey Commission on Science & Technology (CST), technology companies in New Jersey that are working on applied research projects through the Edison Innovation R&D Fund are now eligible for supplemental financing for non-project specific costs, such as rent, capital, construction and utilities through the Edison Innovation R&D Fund Wraparound program.
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Nistica Continues Broadband Triple Play Development with Series B Financing
Battelle Ventures, LP, and its affiliate fund, Innovation Valley Partners (IVP), have led the $9-million Series B funding round of Nistica, Inc., a global supplier of agile optical modules that simplify, automate and make the delivery of high-bandwidth applications affordable. The two parties first met at the NJTC Venture Conference in March of 2007, which Nistica attended as result of an invitation from the EDA.
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