New Jersey wants to support technology entrepreneurs, and is putting its money where its mouth is. Applications are now open for the inaugural class of the State’s latest startup venture, TechLaunch (http://www.techlaunch.com), funded in part by the New Jersey Economic Development Authority (EDA). Modeled after successful programs throughout the U.S. and abroad, N.J’s premier technology accelerator offers seed funding within an intensive 12-week, mentor-driven business development program—called LaunchPad—culminating with an investor conference and Demo Day.
Following a vigorous selection process, an intriguing mix of 10-12 Portfolio Companies will receive $18K - $20K of seed capital and, with the help of a network of successful entrepreneurs, industry experts and investors, will attempt to transform their ideas into successful businesses. Until now, aspiring entrepreneurs in New Jersey had to look to New York City, Philadelphia or beyond in order to pursue their startup dreams with the help of an accelerator program. “We’re looking to attract top-tier talent who would otherwise leave the state because the support infrastructure simply wasn’t there,” says founder and Managing Partner, Mario Casabona, himself a seasoned entrepreneur and Angel investor.