SOSV Planned a $50 Million HAX Facility to Expand U.S. Hardware Manufacturing
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SOSV announced a five-year, $50 million development plan for a HAX facility in Newark, New Jersey, aimed at early-stage industrial, healthcare and climate startups. The plan included $25 million from the New Jersey Economic Development Authority (NJEDA), positioning the site as a U.S. base for hardware founders who need engineering and manufacturing support. (TechCrunch)
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