State launches $2.5M program to support clean-tech startups

Matthew Fazelpoor//November 18, 2022

The New Jersey Commission on Science, Innovation and Technology (CSIT) announced plans Nov. 18 to launch a $2.5 million program to support clean-tech startups testing their prototypes.

The Pilot Clean Tech Demonstration Program will provide grants of up to $250,000 each to help startups develop their technologies. CSIT says the program is designed to support businesses that have an existing prototype of their technologies and are ready to validate them in a real-world setting.

The funding, which is being provided by the New Jersey Board of Public Utilities (NJBPU), can be used to cover costs such as testing, travel, equipment purchase, licensing and patent fees.

“The majority of our clean technology portfolio companies have some form of prototype, and funding through this program will offset many of the costs associated with demonstration and validation as they work toward commercialization,” said CSIT Executive Director Judith Sheft. “This new program is a complement to our existing Clean Technology Seed Grant and Voucher programs, and we are proud to expand the continuum of support we offer clean technology businesses growing in New Jersey.”

The companies do not have to have participated in a previous CSIT program to be considered for the award.

“In addition to their innovations in the life sciences and technology sectors, New Jersey innovators are creating technologies that are intended to combat climate change and reduce carbon footprints worldwide,” said CSIT Chair Debbie Hart. “By providing resources necessary to support entrepreneurs as they bring their products to the marketplace, we are not only helping early-stage New Jersey companies succeed, but also helping to build the green economy that Gov. Phil Murphy champions.”

Applications for the program open Dec. 5. CSIT will host an informational webinar on the program Nov. 30.

Complete program eligibility, criteria and information can be found here.