#b#New Fund#/b#

New Jersey Economic Development Authority, 36 West State Street, Box 990, Trenton 08625. 609-858-6700. Melissa Orsen, CEO. www.njeda.com.

The New Jersey Economic Development Authority has created the $3 million NJ CoVest Fund, which will provide growth capital to early-stage technology and life sciences companies.

“In addition to the state’s renowned higher education and university research systems, New Jersey is now home to more than 22 coworking facilities, 11 incubators, and six accelerators, creating an influx of opportunities to help early-stage companies grow,” EDA CEO Melissa Orsen said. “The NJ CoVest Fund will help to ensure that we are able to retain these innovative companies in the Garden State by providing them with the capital they need to commercialize new technologies and scale commercial revenues.”

Under the $3 million fund, companies will be eligible for between $100,000 and $250,000; NJ CoVest funds must be matched $2 of external funding from private, outside investors for every $1 funding requested from the Fund. Up to $250,000 of funding per company may be available. CoVest funds will feature three percent interest and 10-year maturity, with no payments due for the first seven years.

Product-based companies in the technology or life sciences industries are eligible, and there is a list of other requirements. For more information, visit www.njeda.com/njcovest.

#b#New in Town#/b#

Wishing Well ADHC, 3450 Princeton Pike, Suite 120, Lawrenceville 08648. 877-553-5806. Michael Kravchenko, managing director. www.wishingwellcare.us.

The provider of daytime healthcare for seniors and mentally challenged adults has opened an office on Princeton Pike.

Sarian Solutions, 666 Plainsboro Road, Suite 1361, Plainsboro 08536. 732-790-2266 ext. 101. Prudvi K. Reddy, VP – Operations. www.sariansolutions.com.

The computer consulting company has opened an office at 666 Plainsboro Road.

Saligram Systems Inc., 666 Plainsboro Road, Suite 1365, Plainsboro 08536. 609-589-3900, www.saligrams.com.

The computer consulting company has opened an office at 666 Plainsboro Road.

Core Software Technologies Inc., 666 Plainsboro Road, Suite 1216, Plainsboro 08536. 609-256-8005. Nagajyothi Pothukanuri, vice president. www.coresofttech.com.

Core Software Technologies, an IT consulting company, has opened an office on Plainsboro Road.

New Jersey Realtors, 10 Hamilton Avenue, Trenton 08611. 609-341-7100. Jarrod C. Grasso, CEO. www.njrealtor.com.

The real estate trade organization has moved from Edison to Hamilton Avenue in Trenton.

#b#Crosstown Moves#/b#

Cabeus Inc., 101 Morgan Lane, Suite 304, Plainsboro 08536. 609-423-1888. V. Balasubramanian, president. www.cabeusinc.com.

The IT consulting company, which provides cloud services to the life science industry, has moved from Jefferson Plaza to Morgan Lane in Plainsboro. President V. Balasubramanian said Cabeus outgrew its previous office and needed to move to a facility twice the size of its old headquarters.

#b#Leaving Town#/b#

Voice Company Networks, 15 Roszel Road North, Princeton.

The broadband service provider has left its Roszel Road office. Its listed phone number was disconnected.


Harry Ververides, 84, on April 4. He owned and operated Harry’s Luncheonette at 16 Witherspoon Street in Princeton for 40 years before retiring in 2000.

Mark Douglas Landauer, 63, on April 3. He was a real estate broker in Mercer County for many years.

Necia Pearl Cogar, 74, on April 12. She was a comptroller at Danjon Management in Princeton until her retirement in 2011.

Edwige Folmer, 93, on October 21. She was of French and Polish heritage, and joined the French resistance during World War II. She later moved to the U.S. as a war bride and spent most of her remaining years in Lawrenceville and Trenton, where she was a Polish language interpreter for New Jersey courts.

Ellen Miscoski, 98, on April 11. Together with her husband, she co-founded Cream Ridge Golf Club.

Michele A. Seiler, 61, on April 13. She was a long-time waitress at Papa’s restaurant and retired from the Mercer County Improvement Authority after 28 years as an administrative assistant.

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