Technology
New Jersey is committed to nurturing the development of new technologies and ensuring the State continues to be a leader in innovation. Our diverse ecosystem is home to more than 10,000 technology companies. The next generation of tech is happening right here! New Jersey is centrally located in the Northeast corridor and is the leader in high-speed internet connectivity. We offer the tools and resources that enable technology companies to thrive. New Jersey was the birthplace of LCD-technology, digital cellular, C++ and barcoding technology. Today, the State is a hub for emerging technology sectors including: Cyber Security; Big Data Analytics; Fintech; Artificial Intelligence; Communications; and Digital Health. We are the home to 63 universities and have the highest concentration of scientists and engineers in the Nation, offering ready access to a diverse, highly-skilled technology workforce. Whether you are an early-stage startup, or global technology enterprise NJ is a place where your innovation can get started, get established and grow.
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Emerging Technology Ecosystem
Recent M&A and funding activity in NJ
Products and Services
People
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ResearchwithNJ.com is more than just a place to get information: it is a dynamic community of collaborative networks and news about the New Jersey’s unique culture of innovation. It is an online gateway that lets New Jersey’s entrepreneurs and commercial enterprises identify experts, facilities, publications, intellectual property, news, and events in five of the state’s universities: Princeton University, Rutgers University, New Jersey Institute of Technology, Stevens Institute of Technology, and Rowan University. Learn More >
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Ecosystem and Space
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| NJ Founders and Funders
NJ Founders & Funders is organized by the NJEDA to provide emerging Technology and Life Sciences companies in NJ with access to smart angel & venture capital investors.
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| 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.
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Investments
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Angel Investor Tax Credit Program
Investors in a qualifying NJ emerging technology or life science business may benefit from a 10% investment tax credit. Increase to 20%-25% in 2020.
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| NJ CoVest
Designed to help emerging technology companies bridge the funding gap between product development and commercialization.
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| Edison Innovation Fund
Created to enhance support of early-stage businesses that have attracted funds through venture capital investors, the Fund helps companies directly finance uses such as hiring key staff, product marketing, and sales by providing up to $1 million in subordinated convertible debt financing.
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| Technology Business Tax Certificate Transfer Program (NOL)
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.
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| Venture Funds Program
NJEDA forms collaborative partnerships with venture capital fund managers active in New Jersey’s technology and life science community. Our venture partners leverage NJEDA investment to increase funds available for emerging technology & life sciences companies to grow and create jobs in the State.
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Additional Resources
Contacts
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| Kathleen Coviello
Executive Vice President, Technology, Life Sciences, and Entrepreneurship
kcoviello@njeda.com
Office: (609) 858-6713
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| Clark Smith
Technology Sector Lead--North
(Bergen, Essex, Hudson, Hunterdon, Middlesex, Morris Passaic, Somerset, Sussex, Warren)
csmith@njeda.com
Office: 609-858-6862
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| Tim Rollender
Technology Sector Lead--South
(Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, Middlesex, Monmouth, Ocean, Salem)
trollender@njeda.com
Office: 732-839-9283
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