From Edison to Einstein, New Jersey has long been at the forefront of scientific discovery. And with tomorrow’s breakthroughs just around the corner, our passion for innovation keeps getting better.

The company we keep, keeps getting better.

Many of the scientific breakthroughs that shaped our world happened right here in New Jersey.

And that tradition of innovation continues today.  As Life Science and Technology companies race to meet the demands of the marketplace, many companies are finding great success in New Jersey like Genta Inc., Elusys Therapeutics, Inc., LifeCell Corporation, Amicus Therapeutics, myLEADERBOARD, Inc., TheraGen Pharmaceuticals, and ECI Technology, Inc.

Commitment to Growth

Whether you are a start-up company, a research and development firm, a manufacturer, or a service provider, New Jersey is committed to helping the growth of life sciences and technology businesses in the Garden State.

• The state is home to over 410,000 scientists and engineers who help drive innovation in the state’s businesses, colleges, and universities.
• Fifteen of the world’s top twenty-five pharmaceutical companies have world, North American Headquarters or significant operations in New Jersey.
• New Jersey ranks as the fourth-most competitive state in the nation, according to the State Knowledge Economy Index.
• According to a state-by-state analysis released by Battelle and the Biotechnology Industry Organization (BIO) in 2008, New Jersey continues to rank high in two key performance areas, including #3 in terms of biosciences venture capital investments and #4 in the number of bioscience patents.

Technical & Assistance Programs

New Jersey is committed to supporting the growth and success of all businesses and economic development projects in the state.  Whether a business is considering an expansion or a company is choosing to relocate, New Jersey provides assistance services for site selection, permitting and regulatory assistance, and coordination of state programs and grants for job creation, retention and workforce training.

Financial & Incentive Programs

Every business has different needs. To best meet your unique needs, New Jersey has a wide range of financial and technical support programs available including:

• The Edison Innovation Fund, which provides an integrated set of resources to support life science and technology initiatives throughout the stages of discovery, development and commercialization. The Fund was designed for companies involved with developing renewable energy solutions, medical devices, healthcare, information technology, stem cell research, nanotechnology, and telecommunications.  Edison Innovation Fund includes: 

• Grants for applied research to support and advance R&D related activities through the Commission on Science and Technology.
• Wrap-around equity-like financing to support non-R&D costs through R&D Fund.
• Financing and direct equity-like investments through Commercialization and Growth Fund, including negative pledge on intellectual property.
• Access to Venture Capital
• World-Class Technology Centers and Incubator Network
• Centers for Excellence within New Jersey's Universities and Colleges

• Incentive grants for job growth for businesses that expand or relocate in New Jersey.
• A wide range of workforce training grants for employees and employers.

New Jersey’s Business Incubators

Business incubators can accelerate the successful development of companies by providing a wide range of business support services.  The primary goal of incubators is to produce successful businesses that will leave the incubator financially viable and free standing. 

 New Jersey is one of the few states in the nation with a truly collaborative network of incubators.  These networks provide affordable laboratory or office space for businesses but also critical services that may otherwise be unaffordable, inaccessible, unknown or difficult for start-up businesses to find.

Each New Jersey incubator offers professional office space, some feature “wet” labs with sinks and fume hoods, light manufacturing equipment or warehouse space. Some of the incubators are tailored to meet the needs of specific business sectors like life science, homeland security, energy and the environment while others house a wide range of diverse technology start-ups. In addition to a professional business environment, administrative support and significant networking opportunities within the entrepreneurial community, some of the technology Incubator services provided can include:

• Pre-Admission Consulting
• Access to university/college resources including research collaboration opportunities, student interns, MBA student support teams, etc.
• Business planning & milestone tracking
• Product, marketing & manufacturing strategy support
• Prototyping, software, web development
• Legal advice on governance, IP, licensing, corporate law, deal structuring
• Finance and accounting support
• Government agency navigation & grant support
• Seed Funds for milestone specific projects
• Entrepreneurs in Residence
• Virtual membership for non residential clients

To learn more, call 866-534-7789 or visit www.NewJerseyBusiness.gov.

We’ll put together a customized proposal detailing every advantage New Jersey offers,

including site selection and financial assistance.