Chancellor Nancy Cantor quoted in PR Web article on Newark Venture Partners $50M technology venture fund

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Date: 
Monday, August 17, 2015
Location: 
Newark, NJ

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Mayor Ras J. Baraka, Acting Governor Kim Guadagno, U.S. Senator Cory A. Booker, former Governor Thomas Kean, former Nebraska Governor and U.S. Senator Bob Kerrey, Audible.Com Founder and CEO Donald Katz, Prudential Financial Vice Chairman Mark Grier, and other leaders announced the formation of Newark Venture Partners, a $50 million technology venture fund that will bring a state-of-the-art, ultra-high bandwidth, 25,000 square-foot accelerator to Newark, along with “Firebolt Newark Wi-Fi,” delivered by the world’s fastest, large-scale, contiguous public outdoor Wi-Fi to the City, at a press conference at Audible.Com in 1 Washington Park in downtown Newark yesterday.

“The fund and the Wi-Fi network are major steps toward establishing Newark as a technology hub for the region,” said Mayor Baraka. “We are making the right tech investments in our workforce and our neighborhoods. This is about creating more opportunities to grow the economy, for Newark 3.0 to thrive.”

Rutgers Business School is excited to partner with Newark Venture Partners investors to realize this forward-thinking plan for attracting new companies to Newark,” said Rutgers University Newark Chancellor Nancy Cantor. “The establishment of a dynamic technology facility and hub for innovation also creates an incredible new avenue of opportunity for Rutgers students and the rest of the academic community in Newark.”

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TAGS: City of Newark Nancy Cantor Rutgers University Technology