The Edison Innovation Fund seeks to create, sustain, and grow technology and life sciences businesses that will lead to well-paying job opportunities for all New Jersey residents. The Fund is an integrated set of resources that support technology and life science initiatives throughout all stages of discovery, development, and commercialization.

The Edison Innovation Fund’s implementation is supported by specific strategies that:

• Provide support to colleges, universities, and companies to help them develop the commercial potential of research;
• Accelerate the commercialization of technology;
• Provide technical, financial, and facility-based support to the State’s technology businesses.

Going forward, the Edison Innovation Fund will continue to support university research and development in the growth of core industries vital to the State’s economy, including: life sciences, clean energy, and information and communication technologies. The Edison Innovation Fund will advance the State’s Energy Master Plan by encouraging the use of clean/renewable energy. A major outcome of these investments is intended to be an increase the “tech transfer” rate—the process by which the results of scientific research are developed into practical applications. The Fund will continue to assist technology and life science companies by improving access to technical resources, providing creative and accessible financing products as well as laboratory and acceleration space in state supported facilities.

To learn more about the opportunities available through the Edison Innovation Fund, contact our Business Service Center at 866-534-7789.