The New Jersey Innovation Institute, a corporation of the New Jersey Institute of Technology, has formed a partnership with Somerville-based HealRWorld, a company specializing in helping the growth of sustainable businesses, to form a new accelerator program and investment fund.
Advising HealRWorld in the creation of the new fund are R. Paul Herman, investment advisor and founder of HIP Investor Ratings; Rev. Emmanuel Lemelson, founder of The Lantern Foundation and Lemelson Capital; and John Pyrovolakis, an NJII board member, entrepreneur and founder of the Innovation Accelerator Foundation.
The fund will leverage deal flow that NJII and HRW will generate through the accelerator, as well as investments sourced from HealRWorld’s global database of over 1 million businesses. HRW specializes in gathering data on small- and medium-sized global companies to produce a sustainability rating for each of them.