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Science and Technology Business Incentive Programs

Science and Technology Business Incentive Programs. New Jersey Commission on Science and Technology. Peter R. Reczek, Ph. D . Executive Director. We are committed to innovative and effective programs that will:

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Science and Technology Business Incentive Programs

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

  2. We are committed to innovative and effective programs that will: Promotestrong ties between industry and academic institutions in order to accelerate commercialization of new technologies; Supportthe 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. Our Mission isto 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.

  3. Life 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 NJCST Priority Technologies

  4. Technology Assistance Programs Edison Innovation Research and Development Fund Edison Innovation Clean Energy Fund SBIR Training & Bridge Grant Edison Renewable Energy Technologies Fund Entrepreneur Assistance Programs New Jersey Technology Fellowship Program New Jersey Technology Entrepreneur Program Technology Incubator Programs Incubator Seed Fund Technology Incubator Network University Collaboration University Intellectual Property Program Centers of Excellence Federal Matching Program Edison Translational Research Initiative Commission Technology Programs

  5. 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 R&D Fund, Edison Renewable Energy Technologies Fund,Incubator Seed Fund

  6. 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

  7. 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 Technology Fellowship Program New Jersey Entrepreneur Fellowship Program

  8. New Jersey Business Support Pipeline Success NJ CST NJ EDA NJ OEG Idea • 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

  9. Contact New Jersey Commission on Science and Technology P. O. Box 832Trenton, NJ 08625-0832609 984-1671njcst@scitech.state.nj.us http://www.nj.gov/scitech/

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