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Grants

New Jersey’s grants can help companies secure the capital they need to succeed.

New Jersey Manufacturing Voucher Program

The New Jersey Manufacturing Voucher Program (MVP) empowers the state’s manufacturers to innovate and grow. Offering grants of up to $250,000 for advanced equipment, MVP accelerates efficiency and productivity.

For

Assists manufacturers that intend to purchase equipment that integrates advanced or innovative technologies, processes, and materials.

Benefit

Provides equipment grants sized at 30 percent-50 percent of the cost of the eligible equipment (including installation) up to a maximum award amount of $250,000. The program also offers bonuses focused on certified woman, minority, veteran-owned businesses, businesses in opportunity zones, and companies that have a collective bargaining agreement in place.

Details

The MVP offers vouchers valued at 30 to 50 percent of the cost of eligible equipment, including installation, up to a maximum award amount of $250,000. The program focuses on manufacturers within targeted industries that will use purchased equipment to integrate innovative technologies, processes, and materials to improve the efficiency and productivity of their manufacturing business. Both for-profit and not-for-profit companies are eligible for vouchers.

Commission on Science, Innovation, and Technology Grants

The Commission on Science, Innovation, and Technology Grants propels New Jersey’s early-stage companies with up to $150,000 in funding. Focus areas include technology R&D, life sciences, and maternal and infant health, fostering innovation into market-ready solutions.

The Catalyst R&D Voucher Program

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For

New Jersey-based early-stage company efforts to accelerate the development and innovation of technologies to transform new discoveries from the research stage into commercially viable technologies, leading to industry and investor interest.

Benefit

Eligible applicants can apply for vouchers up to $40,000 to help offset the cost of leveraging R&D resources, facilities, and equipment at the state’s academic universities and colleges, federal and non-profit laboratories to advance their technology development.

The Catalyst Seed R&D Grant Program

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For

Help New Jersey-based early-stage innovation-based companies accelerate the development of technologies to transform new discoveries from the research stage into commercially viable products and services.

Benefit

Applicants developing life sciences therapeutics can apply for grants of up to $150,000, all other Applicants are eligible to apply for grants of up to $75,000.

The Maternal and Infant R&D Grant Program

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For

The grant will engage early-stage innovation-based companies in New Jersey and help to accelerate research and development of technologies, transforming new discoveries from the research stage into commercially viable products and services.

Benefit

Eligible applicants can apply for vouchers up to $75,000 to support innovation on developing technology, therapeutics, and other solutions to address maternal and infant health challenges in New Jersey.

Audible’s Newark Business Attraction Grant

Audible’s Newark Business Attraction Grant offers up to $250,000 in non-dilutive grants for startups aiming to relocate or expand to Newark, covering fit-out costs, rent, or mortgage for two years, with additional cloud computing funds.

For

Audible’s business attraction efforts target startups with at least 10 employees, at the seed or Series A stage, and which are looking to expand or relocate to Newark.

Benefit

Up to $250,000 in non-dilutive grants over two years for fit-out costs or rent/mortgage payments for businesses looking to expand or relocate to Newark. Additional funding may be provided to cover the cost of cloud computing for the first year.

NJ RISE Program

New Jersey Re-assigning In State Employees (NJ RISE) is an NJEDA program that incentivizes businesses to re-assign New Jersey residents who are working in another state to a New Jersey location.

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For

Assists businesses principally located in another state, such as Delaware, Nebraska, and New York, that use the convenience of the employer income taxation rule.

Benefit

The $35 million NJ RISE Program will provide grants to companies to relocate their New Jersey-resident employees, ensuring residents’ income taxes stay in New Jersey, which will help increase tax revenue. This program will help bring New Jerseyans tax dollars back to our state and fund critical priorities that will make New Jersey a stronger, fairer place to call home.

Let’s Work Together

Our Choose New Jersey team is comprised of seasoned industry experts dedicated to fostering business success across the state, offering personalized support, strategic insight, and New Jersey charm to help your business thrive.

CNJ Website Expert RenaSherman

Rena Sherman

Director of Research and Strategic Partnerships

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