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Technology & Life Sciences

Emerging Technology & Life Sciences


The New Jersey Economic Development Authority (EDA) 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, including:
 
  • Technology
  • Life sciences
  • Clean energy
  • Information and communication technologies

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 EDA 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.


The EDA Technology & Life Sciences Division plays an active role in New Jersey’s vibrant technology industry. For more information, please visit the EDA Technology & Life Sciences Feature Articles page.  These articles highlight technology and life sciences companies that have benefitted from State resources, as well as individuals making a difference to Garden State’s technology sector.
 

 


Angel Investor Tax Credit Program

Companies 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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Biotech Incubator & Research Park

The Commercialization Center for Innovative Technologies (CCIT) is 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 Technology Centre of New Jersey, the 46,000-square-foot CCIT 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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Grow NJ Assistance Program for Emerging Technology & Life Sciences

Grow NJ is a powerful job creation and retention incentive program that strengthens New Jersey's competitive edge against tax incentive programs in surrounding states.  Businesses that are creating or retaining jobs in New Jersey may be eligible for up to tax credits ranging from $500 to $5,000 per job, per year; with bonus credits ranging from $250 to $3,000 per job, per year  (award amounts vary based on applicable criteria.)

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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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