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January 22nd, 2007

Tech Tithe

The Corzine administration allocated $45 million to the Edison Innovation Fund, which sends financing to growing technology and life-sciences companies. The latest allocation brings the total placed in the fund to $105 million. Set up last year to spur growth, the fund provides angel-funding guarantees and research grants to companies focusing on renewable energy, stem cell research, nanotechnology and communications.


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