[This article was taken from NJTW News, an NJTechWeekly.com newsletter. Sign up for it here.]
- We wish all the veterans in the New Jersey technology community a belated Happy Veterans Day.
TiE NJ Leadership Chat
- On Wednesday, the TiE NJ group held a leadership chat with Bhaskar Sambasivan, the new CEO of Princeton-based CitiusTech, in conversation with Anjan Lahiri, the group’s chairman.
- Sambasivan explored how new leadership can make changes without disrupting the company, by framing those changes as a continuation of current policy.
- He also spoke about establishing an “outside-in” culture, putting the customer first.
- If you put the customer first, then you are encouraged to have arguments internally.
- “You can pick fights with even senior management just to ensure that the client is served in the best possible manner.”
Shihab Kuran, CEO of Power Edison | Courtesy Power Edison
- Kearny Point, an industrial park that is home to many innovative companies, will soon be the site of an electric vehicle charging hub.
- Power Edison of Watchung and Hugo Neu realty managementbased in New York will work together on creating the hub.
- This project will be comprised of more than 200 high-power fast chargers sited at Kearny Point Industrial Park
- The Park is 10 minutes from the Port Newark-Elizabeth Marine Terminal, and 10 minutes from New York City.
Jumpstart New Jersey Angels
Stephen Dyer, chairman of Jumpstart New Jersey Angel Network | Courtesy Stephen Dyer
- Westchester Angels and the Jumpstart New Jersey Angel Network have formed a strategic partnership.
- The two angel groups will cooperate on deals and pool their due diligence efforts.
- Stephen Dyer, chairman of JumpStart, said that the partnership will accelerate deal flow significantly, raising more capital for startups across the tri-state area.
- Audible, the Newark-based audiobook and tech company owned by Amazon, known for subsidizing lunches for its employees at local Newark restaurants, has extended that idea into the community.
- The company launched “Audible Bucks” a six-month pilot program in collaboration with Rutgers University-Newark, NJIT, FOCUS Hispanic Center for Community Development and the Newark YMCA.
- Powered by Newark Venture Partners portfolio company Mobility Capital Finance (MoCaFi), the program will provide a weekly $75 stipend to provide discretionary income to help offset students’ cost of living.
- The intention is to drive spending at local businesses to support Newark’s economic recovery and overall financial wellness in the community.