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 use 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.