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CLEAN TECH SEED GRANT PROGRAM


Applications for the Clean Tech Seed Grant Program is closed

The Clean Tech Seed Grant Program, developed in coordination with the New Jersey Board of Public Utilities (NJBPU) and the New Jersey Economic Development Authority (NJEDA) is aimed at helping new jersey based early-stage clean tech/clean energy companies accelerate development and innovation of clean technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.


Qualified applicants can receive up to $75,000 in grants through the Clean Tech Seed Grant Program


PROGRAM DETAILS

The Program is for companies developing or testing clean technologies intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture in the following target areas:     

  • Chemicals/Advance Materials
  • Energy Distribution/Storage
  • Energy Efficiency
  • Energy Generation
  • Green Buildings 
  • Transportation
  • Waste Processing
  • Water and Agriculture 

All applicants for the Program should be between a minimum technology development level of Technology Readiness Level (TRL) 3 (analytical and experimental critical function and/or characteristic proof of concept) and maximum of TRL 7 (Full-scale, similar (prototypical) system demonstrated in relevant environment), based on the Department of Energy definitions.

Qualified applicants can receive up to $75,000 in grants through the Clean Tech Seed Grant Program and the total funding for this initial pilot program is $750,000. The funding is being provided through NJBPU’s Clean Energy Program. 

ELIGIBILITY CRITERIA

  • Authorized and in good standing to conduct business in New Jersey (business registration & current tax clearance certificate)
  • Minimum of one full time equivalent employee working 35 hours per week.
  • 50% or more of employees’ and contractors’ work conducted in NJ (calculated on an FTE basis-35hrs per week)
  • 50% of employees / contractors live or pay withholding taxes in NJ
  • Less than $1 million in prior third-party funding over its lifetime (excluding government grants)
  • Less than $250,000 in previous calendar year sales revenue