The surge in crude oil prices towards $100 a barrel in early trade on Thursday has sent ripples across global financial markets. The implications of such a price spike extend far beyond the energy sector; it affects global investors and their portfolios in several important ways. One of the most immediate concerns for global investors is the fear that high crude oil prices will stoke inflation. Oil […]
Showcasing Digital Twin Solutions That Contribute to Smart Data Centre Management TOKYO, JAPAN – Media OutReach – 28 September 2023 – Azbil Corporation (Tokyo Stock Exchange Code: 6845) announced that it will participate as a Gold sponsor and exhibitor at the Data Centre World Asia (DCWA) 2023, Asia’s largest data centre event for business, to be held at Marina Bay Sands in Singapore on October 11 and […]
The AI-powered tools aim to make the first Asian Games on the cloud more sustainable and inclusive HANGZHOU, CHINA – Media OutReach – 28 September 2023 – In an effort to promote the sustainability and inclusiveness of the Asian Games and the Asian Paralympic Games in Hangzhou, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched a sustainability web application for athletes, journalists […]
International tourists are less likely to consider exploring unfamiliar tourist destinations, opting to travel to locations that they are more familiar with, according to an international YouGov survey. The YouGov survey of over 17,500 people, commissioned by the Saudi Tourism Authority and published ahead of this year’s World Tourism Day in Riyadh, was carried out in 15 countries across Asia, Africa, America, Europe and the Middle East. […]
HKSTP delegation to Australia unveils Innovation Mixer and Market Discovery initiatives in Melbourne to pave way for Asia’s growth opportunities HONG KONG SAR – Media OutReach – 26 September 2023 – The Hong Kong Science and Technology Parks Corporation (HKSTP), has joined forces with the Global Entrepreneurship Network (GEN) to lead aspiring innovators to global growth opportunities, and extend Hong Kong’s innovation ecosystem to GEN’s 200 markets […]
Leigh, United Kingdom – Seafresh, an online fishmonger that was established in 1996 and is renowned across the UK and Ireland for its high-quality frozen food, is proud to announce its new eco-friendly initiative that offers customers the option to return their delivery box and packaging (including the label) for free so they can be reused. This initiative partners with the sustainable practices already in place at Seafresh […]
Matein Khalid Lord Rothschild’s advice to “buy when there is blood on the street” is perfectly apt in the bombed out carnage of US office REITs, where stocks have fallen on a quantum scale more than the value of the underlying brick and mortar. Vacancy rates have spiked in the post pandemic, remote/hybrid work zeitgeist of 2023, the Fed’s draconian monetary tightening has gutted valuations and the […]
Glasgow, Scotland – A1 SEO, a leading UK-based marketing agency that focuses on search engine optimisation, is excited to announce national growth and scaling up plans across the UK after achieving significant success in Scotland. Established in 2014, A1 SEO is dedicated to championing SEO within the business community and, through its range of concrete, integrated marketing strategies that help businesses dominate their niche, has accomplished impressive […]
By Girish Linganna Prime Minister Narendra Modi is really hopeful about the India-Middle East-Europe Economic Corridor (IMEC), which he introduced at the G20 summit in New Delhi recently. However, some people think that not all countries in this project see it as something against China’s Belt and Road Initiative. Building a smooth transportation route connecting […]
The post The Proposed India-Middle East-Europe Economic Corridor Is Yet A Concept first appeared on Latest India news, analysis and reports on IPA Newspack.
HONG KONG SAR – Media OutReach – 22 September 2023 – Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK) has won the ESG Benchmark Award – Silver Award and the Outstanding Sustainability and Dividend Growth Award for the second year running at the ESG Achievement Awards 2022/2023 (the ‘Awards’), highlighting its accomplishments in Environmental, Social and Governance (‘ESG’) and sustainable practices. Organised by the […]
By K Raveendran The planned expansion of the BRICS bloc, through the addition of new members Saudi Arabia, Iran, United Arab Emirates (UAE), Egypt, Ethiopia and Argentina, will transform the grouping into a global leader in renewable energy in the coming decades. The six new members will join the BRICS group of Brazil, Russia, India, […]
The post BRICS Expansion Creates A Global Super Power In Renewable Energy first appeared on Latest India news, analysis and reports on IPA Newspack.
HONG KONG SAR – Media OutReach – 22 September 2023 – Founded by the Institute of ESG & Benchmark (IESGB) and co-organised by the Institute of Financial Technologists of Asia (IFTA), the ESG Achievement Awards 2022/2023 (Awards) Ceremony Luncheon was held at the JW Marriott Hotel Hong Kong today. The Awards celebrates the outstanding contribution of 59 winning organisations in promoting sustainable development, fulfilling social responsibilities and […]
By Steven Velegrinis Much of the ageing building stock that populates our cities’ skylines has either passed into disrepair or has dropped so much in value because it is no longer attractive compared to the newly launched set of buildings. The UAE reports several unfinished or delayed hotel, commercial and residential projects experiencing financial difficulties, regulatory issues, or changing market conditions adding to the ageing building conundrum. […]
Arabian Post Staff UAE’s state-owned renewable energy company Masdar will take final investment decisions later this year on the company’s first UK battery projects, CFO Niall Hannigan recently told S&P Global Commodity Insights in an interview. The UK is a strategic market for Masdar, with the company involved in fixed and floating offshore wind projects and targeting 1 GW plus of battery storage via Masdar Arlington. “In acquiring […]
TAIPEI, TAIWAN – Media OutReach – 21 September 2023 – Taiwan Creative Content Fest (TCCF) 2023 kicks off its largest edition to date this November 7th and, for the first time, the festival organized by Taiwan Creative Content Agency (TAICCA) welcomes international works into its PITCHING section. Of the record -breaking 539 submitted projects from 29 regions such as Taiwan, Japan, South Korea, Indonesia, Singapore, Iran, France […]
Arabian Post Staff Attendees of the 4th Global Vertical Farming Show in Dubai had the opportunity to explore cutting-edge technologies, innovative farming methodologies, and the latest advancements in vertical farming solutions. The two-day event, which had participation from stakeholders in more than 30+ countries, hosted the top players from the entire vertical farming value chain, with key government officials, and industry experts turning it into a platform […]
In its new report, ‘A turning point for offshore wind’, Allianz Commercial highlights growth opportunities, tech innovations, risk trends, and loss patterns for the global industry. Damage to cables is the top cause of insurance claims, followed by turbine failure. Speed of build-out is creating pressure on materials and supply chains, port infrastructure, and available construction and maintenance vessels. Bigger turbines and new technology drive bigger exposures […]
Chicago-based Venture Firm Gains Approval to Co-Invest in New Jersey’s High-Growth Startups through the NJIEF Program
CHICAGO, IL, UNITED STATES, September 20, 2023/EINPresswire.com/ — EMERGING Fund Management LLC today announced its approval as a Qualified Venture Firm (QVF) by the New Jersey Economic Development Authority (NJEDA) for participation in the New Jersey Innovation Evergreen Fund (NJIEF). This recognition allows EMERGING Fund to leverage up to $12.5 million annually to co-invest in innovative, high-growth businesses based in New Jersey.
EMERGING Fund’s investment are focused on disruptive ventures employing technology to heighten guest experiences, streamline operations, and promote sustainable growth within the restaurant industry. With its strategic engagement, EMERGING Fund offers capital, industry expertise, and a resource network to support their portfolio companies in realizing their ambitious growth objectives.
“Working with NJEDA in this initiative gives us an opportunity to help some of the state’s most promising restaurant and restaurant technology entrepreneurs take their businesses to the next level and simultaneously contribute to building New Jersey’s economy,” said Mathew Focht, General Partner and Founder of EMERGING Fund. “With our capital investment as well as access to a Who’s Who of restaurant industry veterans for strategic advice and mentorship, we can provide critical strategic growth resources for the next generation of businesses in this space.”
The NJIEF, established under the New Jersey Economic Recovery Act (ERA) of 2020 and signed into law by Governor Phil Murphy in 2021, is a groundbreaking initiative enabling the State of New Jersey to become an equity investor in early-stage businesses. With a commitment of up to $300 million, the state collaborates with approved qualified venture firms like EMERGING Fund to co-invest, bringing the total investment potential to $600 million.
The NJIEF’s unique approach to funding, which includes capital raised from the sale of tax credits auctioned in December 2022, aims to bolster the growth of New Jersey’s high-growth businesses. The program has garnered attention from venture firms nationwide, all recognizing New Jersey’s leadership in innovation.
NJEDA Chief Executive Officer Tim Sullivan recently emphasized the state’s dedication to innovation, stating, “The NJIEF offers a unique and responsive solution for getting capital into the hands of the state’s youngest companies while also building on New Jersey’s role as a leader in innovation.”
EMERGING Fund Management LLC joins two other venture capital firms approved in this recent round, bringing the total number of qualified venture firms to ten. Each firm can access the designated funds to co-invest in New Jersey’s most promising startups.
About EMERGING Fund
EMERGING Fund is among the first growth capital funds to pinpoint the explosive convergence of technology, “ResTech,” and restaurant & entertainment concepts. EMERGING Fund provides capital, strategic assistance, and industry knowledge to forward-thinking companies within the sector. With an emphasis on using technology to effect positive change, EMERGING Fund aims to transform the restaurant industry by investing in ventures that re-imagine the guest experience, enhance operational efficiency, and promote sustainability. For more information, visit https://EMERGING.com/fund/
David Bagley
Chief Investment Officer, EMERGING Fund
630-248-4145
email us here
The UAE raised $1.5 billion from a bond sale on Monday, marking the country’s return to international debt markets for the first time in more than a year. This move by the UAE’s government is not just significant for the Gulf nation, but is also piquing the interest of international investors globally. 45% of the investors were from the Middle East; 21% from the US; 14% from […]
HONG KONG SAR – Media OutReach – 20 September 2023 – TÜV Rheinland, a leading global provider of technical, safety, and certification services, today announced the launch of its first-ever Hydrogen Safety Training Courses to support the burgeoning Hydrogen Industry in Hong Kong. The Chief Executive announced in his 2022 Policy Address to commence trials on Hydrogen Fuel Cell double-deck buses and heavy vehicles in 2023 and […]
