Corrections or additions?
These articles by Kathleen McGinn Spring and others were prepared
for the January 24, 2001 edition of U.S. 1 Newspaper. All rights
Sarnoff For-Profit Gets State Funds
nVention, Sarnoff Corporation’s new incubator, is the
first for-profit to receive funding from the New Jersey Commission
on Science and Technology.
The NJCST has announced $3.75 million in construction awards to five
incubators that will nurture high technology startups. Sarnoff’s
received $500,000 to create, incubate, and launch startup companies.
nVention will focus on companies developing digital convergence
to capitalize on the next phase of the Internet. The incubator is
targeting venture opportunities that have a $1 billion market
John V. Tesoriero, executive director of NJCST, says nVention received
the award because the state wants to have a close relationship with
the companies the incubator will spawn.
"It’s real high end," Tesoriero says of the caliber of company
nVention intends to develop. "They will spin out companies with
a high return on investment. They have already spun out a lot of
he observes, "and we want to keep them in New Jersey."
From the beginning, the NJCST intended to include all forms of
in its awards, according to Tesoriero, although up until now most
of the funding went to academic centers.
The Sarnoff award sends NJCST in a new direction, Tesoriero says,
adding that another award recipient also falls into a new category:
Community Options, with headquarters on Farber Road, is focusing on
the disability market. It is building its incubator in Morristown.
The incubator, which received a $250,000 award from NJCST, will
entrepreneurs with and without disabilities who are developing new
technologies for the disability market.
Other recipients of the incubator awards are Burlington
High Technology Incubator II in Mt. Laurel, which received $1 million
to build a new life sciences incubator, and Fairleigh Dickinson
in Madison, which was awarded $500,000 for a new Internet-related
incubator for student and non-student entrepreneurs.
NJIT, recipient of NJCST’s first incubator award, was given $1.5
to begin construction of a new incubator to house up to 50 technology
— Kathleen McGinn Spring
08540. Jeffrey Gorman, CEO. 609-683-3622; fax, 609-683-3612.
Jeff Gorman has a five-year-old computer firm that has opened a repair
center at 221 Witherspoon Street for the general public. Until now,
Creative Computing provided technical support for school districts
for Apple and Macintosh computers. The firm has a resellers license
and repair authorization; it also does staff training, supports a
program that produces IEPs (student progress reports), and repairs
and administers networks.
Gorman grew up as a Navy junior, spending many of his early years
in Norfolk, and graduated from the University of Buffalo in 1989.
He worked as a programmer for CEO Software, now in Red Bank, before
starting his own firm in 1996.
In the course of fixing and programming school computers, Gorman says,
he and his staff people have gained an intimate knowledge of the inner
workings of Macintoshes. "We know more about the Mac than
Trenton 08638. Gordon and Geoffrey Mitchell, owners. 609-737-7279;
fax, 609-737-0414. Www.mitchellswoodworking.com.
The 11-year-old custom cabinet manufacturing firm expanded from its
Reed Road headquarters to a 4,500-foot space leased from Boehm
The Mitchell brothers trained with their late father, William
who was a self-employed carpenter and cabinet-maker in Titusville.
They make entertainment centers, kitchen cabinets, mantels, and
and they also do kitchen design.
204, Princeton 08540. Ashwin Reddy, business manager. 609-921-7676;
fax, 609-921-8166. Home page: www.regalsys.com.
This computer consulting company moved from Edison two weeks ago to
450 square feet on State Road. Ashwin Reddy, the business manager,
says the three person firm moved because he lives on River Road and
wanted to improve his commute.
The firm recruits software consultants worldwide and places them in
contract assignments at major corporations and organizations,
AT&T, Chase Manhattan, and the U.S. Department of State. Many of the
70 consultants now working for Regal come from India, London, and
(Mega Group), 4 Crossroads Drive, Suite 108, Robbinsville 08691.
Mark A. Iorio, CEO. 609-584-7400; fax, 609-584-1977.
After one year at Thomas Rhodes Drive in the same quarters with his
father’s fulfillment firm, M&B Associates, Mark Iorio moved his firm
back to its former home, Crossroads Drive in Robbinsville. "Not
all company mergers work out the way it was expected, and that was
the case with the proposed merger of our two firms," says Iorio.
Founded as the Mega Group, GMITC does marketing communications,
advertising, website development, database management and fulfillment.
M&B Associates offers marketing support services.
NY, 10562. Jason Shore 914-923-3383. Www.nanocaps.com.
Larry Shiller has relinquished administrative control of SBX and the
firm has moved from 194 Tamarack Circle to Ossining, New York, where
Jason Shore is now in charge. SBX is an online Nanocap Community and
does order matching for SEC reporting companies not listed on NASDAQ.
Shiller retains an investment.
of politics at Princeton University.
with Princeton Regional Schools.
with Princeton Armored Services on Whitehead Road.
on North Harrison Street.
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