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Success Stories

Scroll down or click on the links below to see a sampling of our successful companies.Success Stories

 

Business Development Incubator at New Jersey City University

 

Appleseed Networks Appleseed Networks was launched from BDI in January 2007. The move was predicated on the founders’ decision to follow a bootstrapping financing model after months of seeking Venture Capital. Critical to the decision was finding an external financing source that could provide the founders with operating capital, while neither requiring them to grant Intellectual Property rights to AppleSeed, nor demanding an inordinate time commitment. An ideal relationship was struck with a publicly traded Silicon Valley company, which invited Appleseed founders to join that company's newly formed Global Technology Innovation Group. In January 2007, AppleSeed moved to San Francisco's SoMa district, home to a great many Internet startups. Development has continued and the company hopes to do a soft-launch of its "whole-product service bundle" in late summer. Founder and CEO Omar Green stated that BDI was crucial to AppleSeed surviving its early months in New Jersey and that the company benefited from the support and exposure it received at BDI. "At the end of the day, the real value we got from our tenancy at the BDI was in the supportive and nurturing environment that it created. It was primarily due to their involvement with us that we were able to take the time to ferret out financing choices, meet new customers, and discover new business models. Beyond this, the presence of the other BDI tenants, and our shared desire to be successful was invaluable. I think we'll miss that most.”


Clear Rock AssociatesClear Rock Associates is a boutique investment banking house located in the heart of Jersey City’s financial center. CRA assists owners of closely held corporations plan for a successful exit, sell their companies, evaluate and execute growth strategies, and effectively finance their business. Their goal is simple: return maximum value to shareholders - whether buying, selling, or operating a company. As a boutique firm, Clear Rock is able to offer personalized, high-touch service to each of their clients. A thoroughly systematic approach leads to our high success rate. They are integrated into all facets of each deal, with the ultimate goal of a successful transaction for their client. With access to thousands of funding sources- ranging from private equity and hedge funds to strategic buyers- Clear Rock is uniquely positioned to help you with your transaction needs, and they offer an array of services to their clients. Their "white glove" approach brings a high level of sophistication and service to the lower middle market, including M&A Advisory (Buy / Sell a Company); Corporate Strategy; Capital Sourcing, and Corporate Finance.


Liberty Science Center Experience Services Liberty Science Center Experience Services (LSC Experience Services) is a new business venture within the Liberty Science Center organization. Its mission is to provide complete exhibition, experience, environmental and interpretive design services for museums, science centers, parks, zoos and other organizations. This includes the content research, development, design and management. In addition, LSC Experience Services seeks to develop unique traveling exhibits for the museum field. LSC Experience Services aims for the process, the design and the intended learning outcomes of its work to always foster sustainability and improved stewardship of the planet and society. LSC Experience Services specializes in forward thinking design and interaction with technology, while creating experiences that focus on local relevance for its clients and their communities.


Modern Worlds Technologies Modern Worlds has been acquired by Krypton Technologies and was launched from BDI in February 2006. Principals Greg Arnold and Mary Jo Cerullo indicate that the new company will remain in Jersey City with a focus on prepaid and stored value products customized for e-business. Phone cards, prepaid wireless handsets, and other telecommunications product will be marketed through partnerships that target two market segments: college students and senior citizens. Products and services include integrated automation for all major carriers through systems that enable the unbanked, low-income demographic to access telecommunications, financial and civic services.


mutationengine mutationengine is a multi-media design and production company offering a full range of media production and post-production services from project inception to completion. Its first feature film, “8-BIT” about art and video games, premiered at the Museum of Modern Art (MOMA) in October 2006 and was named one of the ten best films of 2006 in Artforum Magazine by Barbara London, Department of Media, MOMA, and featured in the June 2007 edition of Wired Magazine. It also showed at the Hirschorn Museum at the Smithsonian. mutationengine then produced the first-of-its-kind “book trailer” for New York Times bestselling author Edwin Black. The book “Internal Combustion” was nominated for a Pulitzer Prize. Currently mutationengine CEO and NJCU graduate, Justin Strawhand, in collaboration with Endless Films, has directed a feature documentary adaptation of “War Against the Weak” by Edwin Black. The film was chosen by the Santa Barbara International Film Festival as one of only 21 World Premieres in the Festival’s line-up and subsequently was nominated for a “Social Justice Award. The film is the untold story of American Eugenics, a movement that attempted to breed a Nordic master race through the elimination of those deemed ‘unfit.’ mutationengine will launch from BDI in April 2009.


NorthbridgeNorthbridge is a Jersey City based company whose vision is to be the leading bio chemical producer and marketer. Specializing in the manufacturer of maintenance products and industrial bio based chemicals. Northbridge is committed to investing time, resources, and research to development alternative solutions to traditional petroleum based chemicals. Northbridge’s goal is to grow a reputation as an industry leader in production efficiency, always promoting environmental quality and responsibility. Unique products, a focus on renewable raw materials and above all performance, positions this firm well as a provider of alternative sources of supply for specialty and commodity chemicals.


TornierTornier Orthopaedic Extremity Specialists with more than fifty years of devout concentration in prosthesis design, education, training and surgical procedure support. Their extremity implant designs for the shoulder, elbow, hand and ankle are internationally renowned and awarded. Their collaborative prosthesis development in concert with forward-thinking physicians is ground breaking. Their education and training schedule with the orthopaedic community is perpetual.


Wealth Place Capital Management
Vineet Jain, CEO

Wealth Place Capital ManagementThe company develops next generation software for financial services and the hedge fund industry. The software is on-demand, web-based, and scales over hundreds of servers. It allows fund managers to build financial models, test them, and execute them in real time.



Commercialization Center for Innovative Technologies

 

GenewizGenewiz is a contract research organization specializing in DNA sequencing molecular biology and genomic services. They graduated from 3000 square foot of space to a 20,000 square foot facility in South Plainfield, New Jersey. They started at the incubator with 3 employees and presently have over 55.

 


Amicus TherapeuticsAmicus Therapeutics is a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of an new class of small molecule, orally-administered drugs to treat a range of human genetic diseases. The graduated from 2400 square foot incubator space into a larger facility in Cranbury, New Jersey in June 2005. During their time in the incubator Amicus grew from a four employee company to twenty-one. Since their move they celebrated their growth of 100 employees and completed an initial public offering.


Chromocell

 

Chromocell is a drug discovery company focused on the identification and development of novel therapeutics against the most complex and challenging drug targets. Started with 2400 square foot of incubator space and three employees and has graduated to a 15,000 square foot facility with a staff of nearly 60.

 

Rohrer College of Business Incubator

SocialreachSocialreach, an interactive media company that powers advertising for social networking websites. Socialreach is currently one of the largest social ad networks as a result of its proprietary advertising platform and technology.

 

Rutgers EcoComplex

 

Acrion Technologies IncorporatedAcrion Technologies Incorporated is a technology leader in landfill gas clean up and utilization. Using proprietary "green" CO2 Wash™ Technology to clean landfill gas, Acrion's process converts landfill methane to medium BTU gas, electricity, pipeline gas, LNG or methanol, and enables recovery of liquid carbon dioxide.


Garden State Ethanol Corporation Garden State Ethanol Corporation has firm roots in the New Jersey Farm Bureau. A partnership with the New Jersey Farm Bureau, Rutgers University, the New Jersey Grain and Forage Growers association and a core group of farmers and other agribusiness professionals led to the formation of GSE in September of 2001. The intent is the build the first Ethanol facility on the east coast.


HydroGlobeHydroGlobe is a leading supplier of innovative products and services for removal of metals from water. The company is the sole licensee of a variety of patented technologies for such uses, from Stevens Institute of Technology in Hoboken NJ. In November, 2004, HydroGlobe was acquired by Graver Technologies, a company in the Marmon Water Group. The Water Group is a major supplier of water treatment devices like water softeners, commercial and municipal treatment systems, and specialty filters. They have retained all  of the employees of the company, who now operate out of their Glasgow, Delaware Corporate office.


TerraCycleTerraCycle was founded in 2001 with an entrepreneurial drive to pursue a financially viable market opportunity with an ecological and social conscience. The concept behind the company was inspired by "The Worm Project," an idea conceived by two Princeton University students.  What began as a unique approach to waste management quickly gave birth to the creation of a wholly organic end-product that was superior to existing fertilizer products, simply through the natural benefits of vermiculture. And TerraCycle was born. Initially launched as a student venture, TerraCycle continues to be driven by the energy of a young team of entrepreneurs with a passion for social and ecological awareness. At the same time, the company is backed by a seasoned team of executives and advisors with Fortune 500 and global consulting expertise.

 

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