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Department of State

Business Assistance Programs

The Hon. Tahesha Way, Secretary

Real Estate

Site Selection

The Business Action Center (BAC) within the NJ Department of State, can help businesses find the most sensible location. Call 609-292-1636 or go to the link below.

www.nj.gov/njbusiness/documents/growing/moving/Real_Estate_Questionnaire.pdf

Technology Centre of New Jersey

Managed by EDA, the Centre complex sits on more than 50 acres in the research and development corridor between Rutgers and Princeton Universities, and consists of approximately 400,000 square feet of lab, production and office space. The Centre is also home to the Commercialization Center for Innovative Technologies (CCIT), which is one of the most recognized incubators of its kind in the world. CCIT offers individual wet and dry lab modules of 800 square feet, combinable up to 6,000 square feet, to qualified tenants. To learn more about the Centre and CCIT, contact the Program Manager at (732) 839-1881.

Edison Zone Fund Program

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. Contact Customer Care at 609-858-6767.

www.njeda.com/technology_lifesciences/Edison-Innovation-Fund

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.

Financing under the following programs is subject to available funding:

  • Edison Innovation Angel Growth Fund: Angel supported technology companies with minimum trailing 12 month commercial revenues of $250,000 may be eligible for up to $250,000 in subordinated convertible debt financing. Growth capital through the Edison Innovation Angel Growth Fund can be used for key hires, product rollout, product enhancement, and marketing/sales. There is a 2:1 angel match funding requirement that must be received within 90 days prior to application.
  • Edison Innovation VC Growth Fund: Venture capital (VC) supported technology companies with minimum trailing 12 month commercial revenues of $500,000 may be eligible for up to $1 million in subordinated convertible debt financing. Growth capital through the Edison Innovation VC Growth Fund can be used for key hires, product rollout, product enhancement, and marketing/sales. There is a 1:1 VC match funding requirement that must be received within 90 days prior to application.
  • Edison Innovation Growth Stars Fund: Angel and/or VC supported technology companies with minimum trailing 12 month commercial revenues of $2,000,000 may be eligible for up to $500,000 in subordinated convertible debt financing. Growth capital through the Edison Innovation Growth Stars Fund can be used for key hires, product rollout, product enhancement, and marketing/sales. There is a 1:1 match funding requirement that must be received within 90 days prior to application.

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