Science and Technology Business Incentive Programs New Jersey Commission on Science and Technology Peter R. Reczek, Ph. D. Executive Director.

Science and Technology

Business Incentive

Programs New Jersey Commission on Science

and Technology

Peter R. Reczek, Ph. D.Executive Director

Our Mission is to improve the quality of life for New Jersey’s citizens and promote economic development by keeping New Jersey at the forefront of scientific and technological advances.

We are committed to innovative and effective programs that will:

• Promote strong ties between industry and academic institutions in order to accelerate commercialization of new technologies;

• Support the emergence of science and technology based businesses and incubation in areas of strategic importance;

• Collaborate with public and private organizations to create economic opportunities and advance job growth;

• Enhance science and technology policy decision making at all levels of State government.

NJCST Priority TechnologiesLife Sciences

• Drug Discovery & Development

• Disease Diagnostics

• Medical Devices

• Clinical Trials

Clean Energy

• Renewable Energy

• Energy Efficiency

• Environmental Science

Advanced Material

• Nanotechnology

• Material Science

Communications and Electronics

Commission Technology ProgramsTechnology Assistance Programs

Edison Innovation Research and Development Fund

Edison Innovation Clean Energy Fund

SBIR Training & Bridge Grant

Edison Renewable Energy Technologies Fund

Entrepreneur Assistance ProgramsNew Jersey Technology Fellowship Program

New Jersey Technology Entrepreneur Program

Technology Incubator ProgramsIncubator Seed Fund

Technology Incubator Network

University Collaboration

University Intellectual Property Program

Centers of Excellence Federal Matching Program

Edison Translational Research Initiative

Edison Innovation R&D Fund, Edison Renewable Energy Technologies Fund,Incubator Seed Fund

Program Goals

• To provide early-stage financing and commercialization support for technology development in early-stage NJ companies

• To grow renewable energy technology businesses in New Jersey

• To promote collaboration between New Jersey academic institutions and start-up companies as well as B2B technical interactions

Edison Innovation Clean Energy Fund

Technologies to be funded• Class I renewable energy technologies that produce or support the

production of renewable or clean electricity generation• Energy efficiency • Solar• Photovoltaic• Wind Energy• Fuel cells powered by renewable fuels• Wave or Tidal Energy• Ocean thermal power• Renewably generated hydrogen• Methane gas from landfills• Geothermal• Sustainable harvested biomass

New Jersey Technology Fellowship Program New Jersey Entrepreneur Fellowship Program

Program Goals

– Recruit and Retain talent in New Jersey– Assist growing technology companies in New Jersey– Build collaboration between universities and companies– Provide an entrepreneurial experience for the fellow

• Open to individuals who recently received PhDs or MBAs from New Jersey universities

• Places PhDs or MBAs in small high tech companies based in New Jersey

• First year pay: $65,000; Second year pay: $75,000• $10,000 expense budget per year

New Jersey Business Support Pipeline

•Edison Innovation R&D•Edison Innovation Clean Energy•Technology Fellowship•Entrepreneur Fellowship•Incubator Seed•SBIR Training & Bridge Grant•Technology Business Incubator•Stem Cell Research•University IP

•Edison Commercialization & Growth•Edison Clean Energy Manufacturing •Edison Clean Energy Solutions•Net Operating Loss Program •Business Employment Incentive Program (BEIP)•Business Retention Assistance Grant (BRAG)•Edison Wraparound Loan•Bond Financing•Digital Media Tax Credit•Invest NJ Business•Statewide Loan Pool

•Tax & Real Estate Incentives•Business Assistance Coordination•Workforce Training

NJ CST NJ EDA NJ OEGIdea Success

Contact

New Jersey Commission on Science and Technology P. O. Box 832Trenton, NJ 08625-0832609 [email protected]://www.nj.gov/scitech/