Building Benjamins and Invessence Collaborate on Alternative Fund Robo Investment Platform
The collaboration of two New Jersey companies has resulted in an opportunity for people with as little as $50,000 to invest to have a robo-adviser and get access to alternative investments formerly available only to those with $1 million to invest.
Propelify Sizzled on the Hoboken Waterfront
A 90-plus degree day didn’t deter the crowds from congregating on the Hoboken Waterfront for Propelify on Thursday, a one-of-a-kind tech and innovation festival with a regional draw.Aaron Price, the NJ Tech Meetup founder, who brought us Propelify, told NJTechWeekly.com that than 10,000 people wended their way through the paths between the two stages: the Stage of Inspiration and the Stage of Wisdom.
Company Roundup: Intercloud and Agilence
Intercloud announced that it has sold its Training Division for $1.4 million in cash, a working capital adjustment that eliminated $215,000 in net accrued liabilities. Agilence, a provider of cloud-based analytics for store operations and loss prevention, has launched data analytics software designed to help combat the growing epidemic of overprescription of opioid drugs and other controlled medications.
Don’t Leave Money on the Table! Apply for the NJ EDA NOL Program by June 30
he New Jersey Economic Development Authority (EDA) has begun accepting applications online for this year’s New Jersey Technology Business Tax Certificate Transfer (NOL) Program. In essence, the NOL Program lets biotech and other tech companies with protected intellectual property sell their New Jersey tax losses and/or R&D tax credits to raise cash to finance their growth and operations. Emerging technology and biotechnology companies interested in applying should visit http://www.njeda.com/nol. Companies must apply online by June 30, 2017.
R&D Credit Lessens Payroll Tax Liability for Startups
For startups and small businesses with gross receipts of less than $5 million, the IRS has allowed up to $250,000 of an R&D credit to be applied against the company’s payroll tax liability.