#119: Kara Moore - Innovating the Future: New Jersey's Bold Leap with NJEDA

Beginner's Mind

Did you know that New Jersey is rapidly emerging as a powerhouse of innovation, especially in the life sciences and technology sectors?
Join us in this enlightening episode with Kara Moore from the New Jersey Economic Development Authority (NJEDA), as she unveils the state's strategic initiatives and opportunities for businesses and investors.
🎙️ What's in the Episode:
1️⃣ Financial Incentives for Growth: Kara discusses New Jersey's unique financial advantages for businesses, including converting net operating losses into non-dilutive capital.
2️⃣ Biomanufacturing and Industry Trends: Learn about New Jersey's focus on staying ahead in biomanufacturing through state-of-the-art facilities and training programs.
3️⃣ Helix Innovation Hub: Discover the significant investment in the Helix Innovation Hub, aimed at propelling health and life sciences R&D.
4️⃣ Diverse Talent Pool: Explore why New Jersey's dense and diverse population makes it an ideal location for companies seeking skilled talent.
5️⃣ Sci Tech City and Digital Health: Uncover the role of Sci Tech City in advancing digital health and A.I., marking New Jersey as a hub for technological growth.
👩‍💼 About Kara Moore:
Kara Moore is a visionary leader at NJEDA, driving New Jersey's growth and positioning it as a key player in the global innovation market. Her focus on collaboration, innovation, and sustainable growth is shaping the state's future in business and technology.
💡 LINKS TO MORE CONTENT
Host: https://www.linkedin.com/in/christiansoschner/
Speaker: https://www.linkedin.com/in/karamoore/
📌 Quotes:
(00:16:33) "It's like having free money. Our unique program allows companies to sell off their New Jersey net operating losses for non-dilutive capital."
(00:25:17) "We're keeping on top of trends, developing programs like our biomanufacturing Pathways, and building facilities like the first simulated clean room in the state."
(00:33:57) "We're building an Innovation Hub in New Brunswick, New Jersey – a $731 million investment in health and life sciences, dubbed Helix."
(00:50:44) "We have about 445,000 life science workers in New Jersey. We're the most densely populated and fourth most diverse state in the country."
(01:03:19) "Sci Tech City in Jersey City, just outside New York, will feature an eight-story incubation center focused on digital health and A.I. innovations."
(01:04:33) "We partner with Hacks, a hard tech accelerator focusing on climate tech, offering significant funding and support for innovative companies in New Jersey."
⏰ Timestamps:
(00:03:43) The Journey from Academia to Economic Development
(00:07:43) How AI Transforms PR Work
(00:09:43) Pioneering Life Sciences Growth in New Jersey
(00:16:58) Transforming Tax Credits into Capital: How Companies Benefit
(00:25:17) Bridging Trends and Training: New Jersey's Strategic Approach in Life Sciences
(00:30:43) Shaping the Future Workforce: Collaborative Training in Biomanufacturing
(00:33:57) Helix: A $731 Million Leap in Health and Life Sciences Innovation
(00:44:18) Empowering Investors: New Jersey's Angel Tax Credit Program
(00:50:44) New Jersey's Talent Magnet: Attracting Life Science Workers
(00:56:52) Bridging Cultures: The Impact of Workforce Exchange Between Europe and the U.S.
(01:02:14) Envisioning the Future: Life Science Innovations and Developments in New Jersey
(01:04:02) Building the Hospital of the

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2. (Cont.) #119: Kara Moore - Innovating the Future: New Jersey's Bold Leap with NJEDA (00:14:33)

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