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For Immediate Release

Friday, October 31, 2008

For More Information:

Arti Sahni: (609) 984-1671


NJCST seeks applications for its innovative technology programs

Trenton –To further a key element of Governor Jon S. Corzine’s Economic Growth Strategy to grow technology companies through investments by the Edison Innovation Fund, the New Jersey Commission on Science and Technology (NJCST) is seeking competitive applications from qualified New Jersey technology companies for several programs: 

  • Edison Innovation R&D Fund: The Edison Innovation R&D Fund was created in 2006. This fund supports innovative technology companies through the discovery, development and commercialization stages. Awards in this program are available twice yearly. First round of applications must be received by the Commission no later than January 5, 2009.
     
  • Edison Renewable Energy Technologies Fund: This is a new funding program developed for Fiscal Year 2009.  The Edison Renewable Energy Technologies Fund was developed in Fiscal year 2009 to promote entrepreneurship and support the development of renewable and energy efficiency technologies. The Commission on Science and Technology will award grants to New Jersey companies in the amounts of $100,000 to $500,000 on a competitive basis under this program. This award will be made twice yearly. Applications for the next round of funding are due by January 5, 2009.

  •  The Incubator Seed Fund helps emerging incubator companies meet critical milestones in their commercialization path. This award is also available twice every year.  Applications for the current round of funding are due by January 5, 2009.

  • New Jersey Technology Fellowship Program: The New Jersey Technology Fellowship program was introduced in 2005 to help small to mid-sized emerging technology companies develop as well as retain research talent. This program provides funding to support the salary of recent PhD graduates from New Jersey research universities for up to two years. Under this program, the Commission accepts new applications twice every year. The deadline for receipt of applications for this round is December 15, 2008.

Companies are encouraged to partner with a New Jersey PhD-granting institution or with a company or institution with a primary business location in New Jersey. Application forms, guidelines and instructions for these programs are available on the NJCST’s website at

http://www.nj.gov/scitech/

About The Commission

Established in 1985, the New Jersey Commission on Science and Technology promotes science and technology research and entrepreneurship through the development and oversight of programs that impact economic growth. Commission members include representatives from industry, venture capital, academic institutions, and government.