Dunn Lambert, LLC
We mean business
Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

New Jersey program helps technology start-up companies

New Jersey's technology sector is constantly growing. People come up with creative and innovative new ideas and are often ready to jump in and take on business formation issues. However, the actual process of starting a new business can be daunting to some. While their ideas might be great, if business formation issues are not properly handled, businesses can fail.

In order to help start-up companies from New Jersey, and around the world, succeed, New Jersey created a program called TechLaunch. TechLaunch was funded by the Economic Development Authority and other private sources in 2012. The program allows start-up technology companies to apply for a 16 week course. In the course, businesses can receive mentoring, business training and make connections with potential investors. At least half of the businesses in the program must be from New Jersey.

Over the first year of the program, 95 businesses applied and 10 companies were selected. The 10 companies who completed the program have gone on to raise $300,000 in capital.

Recently, TechLaunch has announced the members of its new class of businesses. This year, the program received 90 applications and accepted eight businesses into the program -- some of which were from Passaic and Bergen counties. These businesses will now complete the program before getting the opportunity to present their companies to real investors in mid-September.

While programs like this can help take businesses to the next-level, start-up companies cannot neglect the legal issues surrounding business formation. Tough choices like entity formation, regulatory compliance and licensing requirements can set a business back. If businesses take properly take care of these issues early in the process, they may find it easier to attract new investors in the future.

Source: The Record, "NJ's TechLaunch announces second class of start-up companies," Mary Diduch, May 16, 2013

No Comments

Leave a comment
Comment Information

Office Location

google plus

Dunn Lambert, LLC
East 80 Route 4 Suite 170
Paramus, NJ 07652

Paramus Law Office Map

Dunn Lambert, LLC
1745 Broadway, 17th Floor
New York, NY 10019
New York Law Office Map
Phone: 201-957-0874
Fax: 201-291-0140
Telephone: 212-768-0700
Fax: 212-519-9804
Best Lawyers | Best Law Firms | U.S.News & world report | 2016

GET ANSWERS from a firm
with a sense of business.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Review US
Subscribe to This Blog's Feed FindLaw Network