Is Newark, NJ the Next Silicon Valley?

    Is Brick City the next Silicon Valley?

    It started with Audible making Newark its headquarters.  Audible Inc. is a seller and producer of spoken audio entertainment, information, and educational programming on the Internet. Audible sells digital audiobooks, radio and TV programs, and audio versions of magazines and newspapers.  They launched in 2001 and were acquired by Amazon for $300 million in 2008.  It now makes perfect sense for Amazon as their Echo device can now share your favorite book in audio form in the comfort of your own home.

    Amazon was forward thinking about its Audible acquisition.  Was Audible forward thinking about planting its flag in Newark?  As a Rutgers-Newark Alum I saw this coming for years.  With NYC rent through the roof.  Hotspots like Hoboken and Jersey City real estate increased as a result.  So it makes perfect sense for Brick City to be the next hot spot as you have academic talent of Rutgers and NJIT, proximity to NYC and reasonable real estate prices ripe for investment.

    One group leading the charge is Fownders who is headed by perennial entrepreneur Gerard Adams (who was co-founder of Elite Daily which sold for close to $50 million to The Daily Mail).  According to the Fownders web site, their mission is is to disrupt the paradigm of how entrepreneurs, creatives and the next generation of leaders get the right education, exposure, and self awareness needed to truly leave an impactful legacy. The world we live in now doesn’t play by the same rules determined 20 years ago. Through technology, innovation, human evolution, and the collective higher consciousness the time to do, be, and live the life you want is now”.  Fownders works a business incubator for tech start-ups but they get much more than a space and a coffee machine.  Gerard personally mentors each of the budding companies as well as brings in top talent to speak and coach these start-ups gaining invaluable advice and support.

    When you think start-up culture, you automatically think of Silicon Valley.  Even Silicon Alley in NYC is another tech hot bed, but Newark has planted its flag in the tech space and shows no sign of slowing down.  Newark Venture Partners is a venture capital fund that helps Newark based technology businesses get off the ground.  When they launched, 650 applications were received as they only chose 9 companies to fund and develop.  These 9 start-ups are already gaining traction with their roots firmly planted in Newark.

    Here is a list of the 3 start-ups that leading the Newark tech Renaissance:

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