Green Light for State Fund That Will Invest in NJ Startups

njspotlightnews.org

It’s taking some time to get up and running, but Gov. Phil Murphy’s long-envisioned plan to establish a new state fund to invest in promising New Jersey-based startups has taken a big step forward.

The formal establishment of the Innovation Evergreen Fund was approved by the board of directors of the state Economic Development Authority during a vote held last week.