Supporting Technology and Life Sciences Companies

Looking for incubator space for your early-stage tech company? Capital for your emerging biotech company? Or, are you ready to take your R&D or manufacturing operations to the next level? New Jersey offers life sciences and tech company assistance at every stage of growth.

New Jersey is committed to nurturing and supporting its tech and life sciences companies. We drive innovation through incentives, incubators, accelerators, co-working spaces and a supportive ecosystem that can provide the resources and connections you need to flourish and grow here.

Angel Investor Tax Credit Program:
Stimulating Investment in Emerging Tech Companies

Individuals or entities that invest in qualifying emerging technology companies may be eligible to receive refundable tax credits of up to 10% of their qualified investment, up to a maximum allowed credit of $500,000 for each qualified investment.

In order to be eligible, the emerging technology company must: employ fewer than 225 full-time employees (75% of whom work in New Jersey); do business, employ or own capital or property; or, maintain a New Jersey office. It also must conduct one of the following activities in the State:

  • Incur qualified research expenses
  • Conduct pilot-scale manufacturing
  • Or, commercialize one or more of the following eligible technologies: Advanced Computing, Advanced Materials, Biotechnology, Electronic Devices, Information Technology, Life Sciences, Medical Devices, Mobile Communications and Renewable Energy Technology.

View the chart below to see how New Jersey’s Angel Investor Tax Credit Program compares to programs offered in New York, Connecticut and Maryland.

Or, visit the New Jersey Economic Development Authority’s website for additional information.

Angel Investor/Technology Tax Credit Program Comparison



Technology Business Tax Certificate Transfer (NOL) Program

Ever wish you could turn your company’s net operating losses into working capital or research funds?

Good news: The NOL program enables qualified unprofitable New Jersey technology or biotechnology companies to sell their net operating losses and R&D tax credits for at least 80% of their value to unrelated unprofitable corporations, up to a maximum lifetime benefit of $15 million per business.

The NOL program is open to technology and biotechnology companies whose primary business involves the provision of a scientific process, product or services. The company must also own, have filed for, or have a license to use protected, proprietary intellectual property, such as a patent or registered copyright.

For more information about using NOL to fund your technology or biotech business, visit www.njeda.com/NOL.

NJ Founders and Funders

Interested in spending one-on-one time with smart angel and venture capital investors?

The New Jersey Economic Development Authority’s (NJEDA) Technology and Life Sciences team gives select technology and biotechnology companies an opportunity to do just that through NJ Founders and Funders events.

Held twice a year, entrepreneurs are connected with investors based on their company’s profile and investment thesis. Then, venture investors meet with companies one-on-one to give honest, open feedback on everything from business models to strategy to your technology.

More than 150 entrepreneurs and start-ups have connected with investors at NJ Founders and Funders events. For more information about the next Founders & Funders event, or to be considered for an investor slot, visit https://application.njeda.com/tls/.

Incubators, Accelerators and Co-Working Spaces

Need a workspace to help your technology or biotech business take root and grow?

New Jersey is home to a robust network of incubators, accelerators and co-working spaces to support the development of start-up and early-stage technology companies. Here are just a few:

A. The Commercialization Center for Innovative Technologies (CCIT): One of the most significant incubation facilities dedicated to life sciences and biotechnology companies in the U.S. is CCIT. CCIT offers its tenants affordable, customizable office space and “plug-in-ready” wet and dry labs.  Located in the heart of the State’s “Research Corridor” on the campus of the Technology Centre of New Jersey in North Brunswick, the 46,000-square-foot facility features the most incubator wet labs in New Jersey. Tenants also have access to a variety of support services, including an Executive in Residence program that connects seasoned professionals with life sciences start-ups.

B. Enterprise Development Center (EDC) at NJ Institute of Technology (NJIT):  Located on the campus of one of the country’s premier tech universities, EDC is just minutes from Manhattan. The facility offers technology and life sciences start-ups access to University resources, mentors and other programming. Its Soft Landings designation makes it an ideal launch pad for foreign start-up businesses.

C. Institute for Life Science Entrepreneurship (ILSE): Launched in January 2015, ILSE is housed in the state-of-the-art STEM building at the New Jersey Center for Science Technology & Mathematics at Kean University in Union. ILSE gives early-stage life sciences companies access to laboratory suites and a broad array of analytical and research instrumentation.

D. JuiceTank: New Jersey’s largest co-working space and incubator, JuiceTank is in Somerset. The incubator offers start-up companies access to advisors, investors and a wide range of subject matter experts. JuiceTank also provides a host of services for tech companies, as well as networking and educational opportunities.

E. Newark Venture Partners Accelerator: This state-of-the-art 25,000-square-foot accelerator workspace in Newark offers rent-free space, lightning-fast Wi-Fi and ultra-high bandwidth. Companies selected for residence also have access to early-stage funding, mentoring from Audible and Rutgers University Business School staff and a location that’s just an 18-minute train ride from Manhattan.

F. Picatinny Innovation Center (PIC): Created to accelerate successful commercialization of new products & technologies, PIC is located on the Picatinny Arsenal in Dover, home of the US Army’s Armaments, Research, and Development Center. Members can access its office, lab and machine/manufacturing space, as well as more than 3,600 scientists, engineers and support staff.

G. South Jersey Technology Park (SJTP) at Rowan University:  SJTP in Glassboro offers state-of-the-art space in its incubator for technology businesses and entrepreneurs. A showpiece of SJTP is its room-sized CAVE® – a Virtual Reality Lab where teams conduct extensive, cost-effective research in a 3D virtual environment.

H. Waterfront Technology Center at Camden (WTCC): The WTTC facility was designed to accommodate both the work of established businesses and startups in the technology sector. The 100,000-square-foot Center is located in a designated “innovation zone” and houses a broad array of companies. These include businesses in: biosciences; microelectronics; advanced materials; and, information technology. Regardless of the technology sector a company is in, WTCC provides it with laboratory space and other amenities.

NJ Incubators

what can choose New Jersey do for you?

Margie Piliere headshot

Margie Piliere Chief Economic
Development Officer

Peter Coats headshot

Peter Coats Economic Development Associate,
Manufacturing and Food

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