Brooklyn Navy Yard

Airbus Ventures Leads Qunnect, Inc. Series A Financing Round

Retrieved on: 
Wednesday, October 5, 2022

Airbus Ventures congratulates Qunnect , the leader in quantum internet technologies, on today announcing its Series A financing of over $8M.

Key Points: 
  • Airbus Ventures congratulates Qunnect , the leader in quantum internet technologies, on today announcing its Series A financing of over $8M.
  • The round was led by Airbus Ventures, with additional participation from Quantonation, SandboxAQ, NY Ventures, Impact Science Ventures, and Motus Ventures.
  • This network, connected to existing fiber optic cable in New York City, will be the first of its kind in the US.
  • Airbus Ventures has helped aspiring innovators reach new dimensions of achievement since 2015.

$852.5 MILLION OF EB-5 LOANS NOW REPAID IN NEW YORK CITY REGIONAL CENTER OFFERINGS

Retrieved on: 
Tuesday, October 4, 2022

NEW YORK, Oct. 4, 2022 /PRNewswire/ -- The New York City Regional Center ("NYCRC") is pleased to announce the full repayment of another loan in its private placement EB-5 offerings.

Key Points: 
  • NEW YORK, Oct. 4, 2022 /PRNewswire/ -- The New York City Regional Center ("NYCRC") is pleased to announce the full repayment of another loan in its private placement EB-5 offerings.
  • A total of 1,829 I-829 petition approvals have enabled 5,291 individuals to secure permanent green cards via NYCRC offerings to date.
  • "We are proud to announce that $852.5 million has now been repaid in NYCRC offerings," said Paul Levinsohn, NYCRC Co-Managing Principal.
  • The NYCRC was the first EB-5 regional center approved in New York City.

$75 MILLION LOAN REPAID IN NYCRC'S SUBWAY WI-FI INFRASTRUCTURE EB-5 OFFERING

Retrieved on: 
Tuesday, September 27, 2022

NEW YORK , Sept. 27, 2022 /PRNewswire/ -- The New York City Regional Center ("NYCRC") is pleased to announce the full repayment of $75,000,000 to EB-5 investors in its Subway Wi-Fi Infrastructure offering. This repayment brings the total amount of loan proceeds repaid in NYCRC offerings to $852.5 million. 

Key Points: 
  • This repayment brings the total amount of loan proceeds repaid in NYCRC offerings to $852.5 million.
  • A NYCRC-managed fund provided a $75 million loan to Transit Wireless to assist with the construction of a new wireless infrastructure network that brought cellular and Wi-Fi service to all 281 New York City underground subway stations.
  • The build out of the network was completed in 2017 and today provides over 5.7 million New York City subway passengers with connectivity every day.
  • During a typical year, more than 140 million cellular calls originated within the underground subway stations and 120 million Wi-Fi log-ins were made to the public Wi-Fi network.

Food52 Founder and CEO Amanda Hesser Names Former West Elm President Alex Bellos as Co-CEO

Retrieved on: 
Thursday, September 15, 2022

Food52 Founder and CEO Amanda Hesser announced today the appointment of former West Elm President Alex Bellos as Co-CEO and Board Member of the cooking and home brand.

Key Points: 
  • Food52 Founder and CEO Amanda Hesser announced today the appointment of former West Elm President Alex Bellos as Co-CEO and Board Member of the cooking and home brand.
  • Hesser and Bellos will build the business as Co-CEOs for six months, then Hesser will take on a new leadership role as Executive Chair and Bellos will continue as CEO of Food52.
  • Over the coming months, Hesser and Bellos will continue transforming Food52 into a broader platform, building on the foundation of having Food52, Schoolhouse , and Dansk under one roof.
  • View the full release here: https://www.businesswire.com/news/home/20220914005981/en/
    Food52 Co-CEOs Amanda Hesser and Alex Bellos in the Test Kitchen of Food52's future Brooklyn Navy Yard headquarters at Dock 72.

Kings County Distillery, New York City's Oldest, Largest Premier Whiskey Distillery, Announces New Blended Bourbon

Retrieved on: 
Tuesday, September 13, 2022

BROOKLYN, N.Y., Sept. 13, 2022 /PRNewswire/ -- Kings County Distillery, New York City's premier craft distillery, is releasing a new flagship whiskey in wide-release, a blended bourbon made from house-distilled straight whiskeys. The resulting whiskey is bright, complex and approachable—a multi-occasion whiskey for neat sipping or mixing. With a suggested price of $54.99, Kings County's Blended Bourbon will be its most accessible aged spirit and arrives in a striking new blue label, one which clearly differentiates this spirit from Kings County's established bourbon, rye, and single malt whiskeys.

Key Points: 
  • BROOKLYN, N.Y., Sept. 13, 2022 /PRNewswire/ -- Kings County Distillery, New York City's premier craft distillery, is releasing a new flagship whiskey in wide-release, a blended bourbon made from house-distilled straight whiskeys.
  • Composed entirely ofin-house, pot-distilled straight bourbon, straight corn whiskey, straight rye whiskey, and malt whiskey, our Blended Bourbon makes for a sippable, lower proof bourbon, suitable for nearly any application calling for an approachable American whiskey.
  • Kings County Blended Bourbon will be available throughout New York State starting on September 14th with national rollout to follow, visit www.kingscountydistillery.com for more information.
  • KINGS COUNTY DISTILLERY is New York City's oldest, largest, and premier whiskey distillery.

Announcing the Newest Cohort of Startups Solving National Security Challenges in New York City

Retrieved on: 
Tuesday, July 12, 2022

NEW YORK, July 12, 2022 /PRNewswire/ -- Decisive Point and Newlab today announced the cohort of companies selected to participate in the NSIN Propel program. In partnership with the National Security Innovation Network (NSIN) and the Air Force Research Laboratory (AFRL), the NSIN Propel program enables the development of next-generation applications of emerging technology for government, defense, and space.

Key Points: 
  • NEW YORK, July 12, 2022 /PRNewswire/ -- Decisive Point and Newlab today announced the cohort of companies selected to participate in the NSIN Propel program .
  • In partnership with the National Security Innovation Network (NSIN) and the Air Force Research Laboratory (AFRL), the NSIN Propel program enables the development of next-generation applications of emerging technology for government, defense, and space.
  • The NSIN Propel accelerator supports commercial startups solving real-world problems for the Department of Defense.
  • During NSIN Propel, the cohort companies will iterate on proofs of concept for national security applications of their advanced computing, 5G and connectivity, and space and AI/ML technologies.

Ligandal Partners With Nanotronics to Solidify Optimization and Quality in Personalized Genomic Medicine Delivery Systems

Retrieved on: 
Wednesday, June 22, 2022

This will allow the delivery of gene therapies exactly where they need to go, with precision and without the issues seen with viral delivery systems, he continued.

Key Points: 
  • This will allow the delivery of gene therapies exactly where they need to go, with precision and without the issues seen with viral delivery systems, he continued.
  • Ligandal is developing next-generation, precision genetic nanomedicine and delivery technologies for gene editing, gene therapy, regenerative medicine, and pandemic defense biotechnology applications.
  • The company uses computational biology, machine learning, and AI with a novel platform for cell-specific and tissue-specific delivery and next-generation nanomaterials.
  • A leading developer of automated optical inspection tools for the semiconductor industry, Nanotronics uses hardware and software to provide industrial-scale, high-throughput, super imaging systems.

BLCK VC & Upfront Ventures Partner With Black Women Talk Tech for the 6th Annual 'Road to Map Billions' Conference

Retrieved on: 
Friday, June 3, 2022

"Upfront Ventures and BLCK VC completely understand the importance of planting seeds in startup companies and presenting them with the proper tools to help them grow," says Esosa Ighodaro-Johnson, co-founder and CMO of Black Women Talk Tech.

Key Points: 
  • "Upfront Ventures and BLCK VC completely understand the importance of planting seeds in startup companies and presenting them with the proper tools to help them grow," says Esosa Ighodaro-Johnson, co-founder and CMO of Black Women Talk Tech.
  • "It is no secret how few venture capital dollars have deployed into companies led by Black women.
  • Upfront Ventures is proud to be an early investor and long-term partner to the world's most exciting founders and startups.
  • Black Women Talk Tech (BWTT) is a collective of black women tech founders who have a unique understanding of the challenges black women startup owners face in the industry, but most importantly they understand the contribution of these innovators.

Fox Soul Partners With Black Women Talk Tech for the 6th Annual 'Roadmap to Billions' Conference

Retrieved on: 
Tuesday, May 31, 2022

Black Women Talk Tech is a collective of Black women tech founders identifying, supporting, and encouraging Black women to build the next billion-dollar business.

Key Points: 
  • Black Women Talk Tech is a collective of Black women tech founders identifying, supporting, and encouraging Black women to build the next billion-dollar business.
  • 2,000 founders will be in attendance for the only annual tech conference created exclusively by Black women tech founders for Black female and non-binary founders and allies.
  • "We love the passion and vision that FOX Soul wants to bring to our conference," said Esosa Ighodaro-Johnson, Co-Founder and CMO of Black Women Talk Tech.
  • ABOUT BLACK WOMEN TALK TECH:
    Black Women Talk Tech (BWTT) is a collective of black women tech founders who have a unique understanding of the challenges black women startup owners face in the industry, but most importantly they understand the contribution of these innovators.

URBAN-X, the Platform by MINI for Startups Reimagining City Life, Announces JVP as its New Venture Partner

Retrieved on: 
Tuesday, May 24, 2022

The joint venture between MINI and JVP will fuel the next generation of URBAN-X.

Key Points: 
  • The joint venture between MINI and JVP will fuel the next generation of URBAN-X.
  • The URBAN-X platform combines the expansive network of world-class design, engineering and brand expertise from MINI and the BMW Group with decades of investment experience, including $1.6 billion under management, at JVP.
  • Applications to join the program are accepted on a rolling basis and interested startups can apply at https://www.urban-x.com/apply/ .
  • URBAN-X will be located in Newlab in the Brooklyn Navy Yard and Margalit Startup City NYC, an international innovation center.