The Catalyst Seed R&D Grant Program has a total budget of $1,500,000 for awards. Applicants developing life sciences therapeutics can apply for grants of up to $150,000, all other Applicants are eligible to apply for grants of up to $75,000.
The goal of the Catalyst Seed R&D Grant Program is to help New Jersey-based early stage innovation-based companies accelerate development of technologies to transform new discoveries from research stage into commercially viable products and services. The grant funds should enable Applicants to make significant progress and have a meaningful impact on their commercialization outcomes. The Catalyst Seed R&D Grant program is a complement to the Clean Tech Seed R&D Grant Program and is targeted toward Applicants that are developing technologies that are not eligible for the Clean Tech Seed Grant Program.
The Catalyst Seed R&D Grant Program is for companies conducting research and development or testing technologies in the following target areas:
- Advanced Manufacturing
- Advanced Transportation and Logistics
- Film and Digital Media
- Life Sciences – Therapeutic Drug Development
- Life Sciences – Other
- Non-Retail Food and Beverage
- Professional and Financial Services
All Applicants for the Catalyst Seed R&D Grant Program should have achieved a demonstration of concept for their project proposed for funding