SOSV Brings Innovation to NJ as Part of NJ Means Business Economic Development Strategy

This week, Governor Mikie Sherrill signed Executive Order No. 28, establishing the New Jersey Means Business Economic Development Strategy. The order puts the state government behind a simple goal: make NJ the place where companies start, grow, and stay.

SOSV plays a big role in this. SOSV HAX, headquartered in Newark, NJ, has backed dozens of deep tech startups that came to the state from around the country and around the world. What draws founders to the state is an incredible ecosystem of top-tier talent, impressive educational and research institutions, access to capital that can help propel startups to become industry leaders, and now a governor's office dedicated to keeping them competitive.

As Sean O'Sullivan, Managing General Partner at SOSV, said:

"Startups can thrive here, and the state is becoming friendlier to business, to investors, and to taxpayers who want to live in NJ for the great quality of life it has to offer."

Recently, SOSV doubled down on it's NJ roots with the creation of the HAX Plasma Forge, a new facility located in Princeton, NJ and hub to commercialize plasma technology into into category-defining industrial products in partnership with the Princeton Plasma Physics Laboratory (PPPL).

"NJ has long been invested in the energy sector with PPPL advancing the key science and technology innovations needed to bring fusion to the power grid," said Timothy Meyer, deputy director for operations and COO for PPPL. "NJ is propelling that investment forward with the launch of the HAX Plasma Forge, bringing together PPPL's cutting-edge research assets with venture capital expertise from SOSV to grow related start-ups."

If you're a founder or PhD, and want to work with us on building the future of deep tech innovation: Apply here.