NJ Innovation Fellows Program

The New Jersey Innovation Fellows (NJIF) will offer mentorship and grants of up to $400,000 to teams of would-be entrepreneurs. The program will provide income replacement so that entrepreneurs can devote their full-time attention to building out their startups. Join this virtual information session to learn more about this opportunity. Through the NJIF Program, the NJEDA will support teams of at least three entrepreneurs with mentorship, training, and income replacement capital over a two-year period. The grant funding is designed to replace a stream of income an entrepreneur might forgo to launch an early-stage business. The NJEDA anticipates that support from the NJIF Program will attract innovative ideas and entrepreneurs who would otherwise be unable to pursue the launch of a new venture due to the needs for income or, in the case of a recent graduate, who would choose to accept employment in lieu of entrepreneurship due to socio-economic constraints. Stay up to date with this program by visiting https://www.njeda.com/new-jersey-innovation-fellows-program/.