Technology/Science

Angel Investor Tax Credit Program: Establishes tax credits against corporation business or gross income taxes based on a qualified investment in a New Jersey emerging technology businesses for the purposes of stimulating investment. The application must be submitted within six months from the date of investment. 

NJEDA Angel Match Program: Matches angel investors’ direct investment in early-stage, product-based technology companies within targeted industries on a 1-to-1 basis with unsecured convertible notes ranging from $100,000 to $500,000. Notes reach maturity in 10 years with no payments for the first 7 years. There are no restrictions on participation in other NJEDA incentive programs. Due to federal guidelines, SSBCI funds must be disbursed within 90 days of NJEDA application approval, and companies must close external investments within 60 days of the NJEDA commitment letter. No extensions will be granted.

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. It is comprised of the Edison Innovation: Angel Growth Fund, VC Growth Fund, and Growth Starts Fund.

NJ Ignite: Offers grants to support rent payments of early-stage technology and life science companies in New Jersey collaborative workspaces. The grants cover rent payments for 2, 4, or 6 months, and the collaborative workspace must match the grant to the tenant company on a 1:2 basis.  The program also offers an additional month of support if the workspace meets certain criteria, such as being located in an Opportunity Zone, affiliated with a hospital system or New Jersey university, or being a registered MWBE or a foreign company’s first location in the US. 

Technology Business Tax Certificate Transfer (NOL) Program: Enables qualified, unprofitable NJ-based technology or biotechnology companies with fewer than 225 US employees (including parent company and all subsidiaries) to sell a percentage of net operating losses (NOL) and research and development (R&D) tax credits to unrelated profitable corporations.

Venture Fund Investments: Provides funds for emerging technology and life science companies to grow and create jobs in the state. The investment is typically directed towards early-stage companies with revenues less than $3 million.

Catalyst Research and Development Voucher Pilot Program: Provides vouchers up to $25,000 to help offset the cost of leveraging R&D resources, facilities, and equipment at the state’s academic universities and colleges, federal, and non-profit laboratories to advance their technology development.

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 NJEDA’s ongoing strategy of supporting New Jersey’s entrepreneurial ecosystem.