While California’s Silicon Valley continues to be the mecca for emerging technology companies, New York City’s Silicon Alley has firmly established itself over the last several years as a magnet for dot com start-ups.
The state of New Jersey is now attempting to take advantage of its proximity to New York City and the venture-investment dollars flowing into the region through what is called a tech accelerator. It’s a program that supports and encourages emerging companies by pairing entrepreneurs with mentors, assisting them with product development and funding. The model has proven to be successful. File hosting service Dropbox and travel site Airbnb both came out of an accelerator.
To read the original article: New Jersey’s First Tech Accelerator Begins 3-month LaunchPad Program - NJ Today
