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LIghtbulbs_Life-Science-(1).pngInnovation Economy Programs

The New Jersey Economic Development Authority (NJEDA) is committed to nurturing the development of new technologies and ensuring that the State continues to be a leader in innovation. That’s why we offer a full range of programs and services to fuel the continuing growth of core industries vital to the State’s economy.

So, whether you are an early-stage company, a research and development firm, a manufacturer, a service provider or other established life sciences or technology business, the NJEDA may have the financing, real estate development and technical assistance tools to meet your specialized needs.

Our efforts can provide businesses like yours with low-interest financing through our matching loan programs, tax incentives, real estate, and networking opportunities with the investment community.



Angel Investor Tax Credit Program

Investors that file taxes in New Jersey and invest in a qualifying NJ emerging technology business may benefit from a tax credit through the Angel Investor Tax Credit Program.

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Technology Business Tax Certificate Transfer (NOL) Program

The Technology Business Tax Certificate Transfer Program 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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Edison Innovation Fund

The Edison Innovation Fund seeks to develop, sustain, and grow technology and life sciences businesses that will lead to well-paying job opportunities for New Jersey residents.

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Lab Space - New Jersey Bioscience Center at North Brunswick

The New Jersey Bioscience Center at North Brunswick was developed to meet the research, manufacturing and office needs of entrepreneurial startups, emerging research companies, and large established corporations in the bioscience and pharmaceutical industries.

The New Jersey Bioscience Center is a 50-acre, 5 building and 3 development site, research park in North Brunswick. It is the home of the Incubator and Step-Out Labs at North Brunswick and consists of almost 300,000 S.F. of lab and office space, with over $70 million invested in facilities and improvements, including a shared conference facility. 

Within the research park is the Incubator at North Brunswick - one of the more significant incubation facilities in the nation dedicated to life sciences and biotechnology companies. Located in the heart of the state's "Research Corridor" on the campus of the New Jersey Bioscience Center, the 46,000 suare foot incubator facility offers the most wet labs in the state for incubation. Affordable and customizable office, production, and "plug-in-ready" wet and dry laboratory space is available to qualified tenants.


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Technology & Life Sciences Team

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NJ Founders & Funders

NJ Founders & Funders is organized by the NJEDA Technology & Life Sciences(TLS) team to provide emerging TLS companies in NJ with access to smart angel & venture capital investors.

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Venture Fund Investments

EDA forms collaborative partnerships with venture capital fund managers active in New Jersey’s Technology and life science community.

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NJ CoVest Fund

The NJ CoVest Fund provides seed funding to New Jersey technology and life sciences companies to further commercialize their technology and scale revenues. Investments made through the NJ CoVest Fund align with the EDA’s ongoing strategy of supporting New Jersey’s entrepreneurial ecosystem.

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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. The goal of NJ Ignite is to drive both greater supply of and demand for incubators, accelerators, and co-working spaces within New Jersey.

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Research with New Jersey

ResearchwithNJ.com 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,  Rowan University, and Montclair State University. Our objective is to help forge collaborative partnerships between academia and the private sector, which in turn may lead to exciting new businesses and products based on the latest scientific and technological breakthroughs.

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B2S Venture Challenge Support Program

Through its B2S Venture Challenge Support Program, the NJEDA is providing support to NJ-based entities that are applying to the US EDA for Build to Scale Venture Challenge funding, with the aim of spurring cluster development across the State and accelerating New Jersey’s innovation economy.

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NJ Accelerate

NJ Accelerate encourages the increased participation of New Jersey entrepreneurs in high-quality accelerator programs, which increase the chances of successfully growing more young, innovative companies in the State. 

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New Jersey Zero Emission Incentive Program: Voucher Pilot for Medium Duty Vehicles


NJ ZIP is a new, $15 million voucher pilot to be launched by New Jersey Economic Development Authority (NJEDA) for Medium Duty Zero Emission Vehicles. This pilot will be funded by Regional Greenhouse Gas Initiative (RGGI) proceeds allocated to NJEDA for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state. The program will provide vouchers with base values ranging between $25,000 to $100,000.

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