Golden Seeds, a national angel investors’ network with a focus on funding women-led companies, will be establishing a chapter in New Jersey.
This development was announced jointly by the New Jersey Economic Development Authority (NJEDA) and the first lady of New Jersey, Tammy Murphy.
collaboration among Tammy Murphy’s office, the NJEDA, and Golden Seeds will
advance Governor Phil Murphy’s efforts to make New Jersey the “State of
Innovation” by providing new funding sources and mentorship opportunities for
female entrepreneurs, the parties said in a press release.
“Repeated studies show companies that include women in top management positions increase their margins and produce more patents than teams with solely male leaders. Creating new opportunities for women entrepreneurs to connect with mentors and receive funding will lead to outsize economic growth that creates good jobs and benefits communities throughout the Garden State,” Tammy Murphy said.
Founded in New York in 2005, Golden Seeds has a 14-year track record of successfully supporting women-led businesses. It has more than 275 members nationwide, including credentialed investors from various locations, sectors and backgrounds. The New Jersey chapter of the organization will be the seventh, joining the established Golden Seeds chapters in Atlanta, Boston, Dallas, Houston, New York City and Silicon Valley.
“New Jersey’s highly skilled workforce and strong network of investors and entrepreneurs makes it an ideal place for a new Golden Seeds chapter,” said Loretta McCarthy, managing partner at Golden Seeds.
“We are excited
to partner with Governor Murphy and the NJEDA to provide capital and mentoring
for women-led businesses that will play a key role in revitalizing and growing
New Jersey’s innovation economy.”
Throughout the process of forming the New Jersey Golden Seeds chapter, the NJEDA will coordinate with the organization’s New York City chapter to reach out to potential members, host training sessions on a series of angel investing topics, and organize monthly office hours at sites around the state where female entrepreneurs will be able to get advice from investors.
chapter is established, the NJEDA will transition leadership to the group’s
members. Investors interested in getting more information about the New Jersey chapter
of Golden Seeds should contact GoldenSeeds@njeda.com.
For more about Golden Seeds, see our articles: