What are available financing and incentive programs for tech and life sciences companies?
Visit the New Jersey Economic Development Authority website to learn more about the below financing options for tech and life sciences companies:
Angel Investor Tax Credit Program: Investors that file taxes in New Jersey and invest in a qualifying NJ emerging technology business may benefit from a tax credit through the Angel Investor Tax Credit Program.
Technology Business Tax Certificate Transfer (NOL) Program: The Technology Business Tax Certificate Transfer Program enables qualified, unprofitable NJ-based technology or biotechnology companies with fewer than 225 US employees (including parent company and all subsidiaries) to sell net operating losses (NOL) and research and development (R&D) tax credits to unrelated profitable corporations.
Golden Seeds: Through a partnership with Golden Seeds, the NJEDA will create the opportunity to increase available capital for women-led businesses as well as mentoring women entrepreneurs through monthly office hours with an anticipated outcome of greater success for women-led businesses. Furthermore, the goal of closing the racial and gender wage and employment gaps should directly see a positive impact with more funding available to women which not only increases their business capital but allows them funding for salaries to support this growth.
Edison Innovation Fund: The Edison Innovation Fund seeks to develop, sustain, and grow technology and life sciences businesses that will lead to well-paying job opportunities for New Jersey residents.
Biotech Incubator & Research Park: The Incubator at North Brunswick one of the more significant incubation facilities in the nation dedicated to life sciences and biotechnology companies. Located in the heart of the state's "Research Corridor" on the campus of the Technology Centre of New Jersey, the 46,000-square-foot incubator facility offers the most wet labs in the state for incubation. Affordable and customizable office, production, and "plug-in ready" wet and dry laboratory space is available to qualified tenants.
NJ Founders & Funders: NJ Founders & Funders is organized by the NJEDA Technology & Life Sciences(TLS) team to provide emerging TLS companies in NJ with access to smart angel & venture capital investors.
Venture Fund Investments: EDA forms collaborative partnerships with venture capital fund managers active in New Jersey’s Technology and life science community.
NJ CoVest Fund: The NJ CoVest Fund provides seed funding to New Jersey technology and life sciences companies to further commercialize their technology and scale revenues. Investments made through the NJ CoVest Fund align with the EDA’s ongoing strategy of supporting New Jersey’s entrepreneurial ecosystem.
NJ Ignite: NJ Ignite supports entrepreneurs seeking to operate in collaborative workspaces, while providing workspaces with a competitive advantage and greater value proposition to offer prospective tenants. The goal of NJ Ignite is to drive both greater supply of and demand for incubators, accelerators, and co-working spaces within New Jersey.
Research with New Jersey: ResearchwithNJ.com is an online gateway that lets New Jersey’s entrepreneurs and commercial enterprises identify experts, facilities, publications, intellectual property, news, and events in six of the state’s universities: Princeton University, Rutgers University, New Jersey Institute of Technology, Stevens Institute of Technology, Rowan University, and Montclair State University. Our objective is to help forge collaborative partnerships between academia and the private sector.