OVERVIEW. AMT The Association For Manufacturing Technology 07/11

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1 NEW JERSEY New Jersey Commission on Science and Technology PO Box 832 Trenton NJ (609) (609) FAX OVERVIEW NJCST, established in 1985, is responsible for the development and oversight of policies and programs promoting science and technology research and entrepreneurship in New Jersey. Programs include: Small Business Innovation Research Bridge Grant Program The purpose of the SBIR Bridge Grant program is to increase the success and maximize the growth of small New Jersey companies in moving from Phase I to Phase II. The program supports New Jersey s technology industry by awarding grants to entrepreneurs who have both, applied for Phase II funding and who have been identified as potential Phase II SBIR/STTR awardees. This program will sustain small businesses through the funding gap which occurs between completion of the Phase I grant and the initiation of a Phase II award. SBIR Training and Assistance In order to better serve small business by guiding them through the SBIR application process, statewide SBIR comprehensive training sessions will be offered. Training sessions will be full-day informational and outreach sessions developed and organized in part with Randy Harmon and the Small Business Development Center. In addition to the general sessions, one-on-one counseling will be provided during the training sessions. Additional grant-writing seminars will be offered at various locations around the state throughout the year. Edison Innovation Research and Development Fund The Edison Innovation R&D Fund will provide funding in the amount of $100,000 to $500,000 to New Jersey technology companies for proof-of-concept research and development activities and ancillary activities necessary to commercialize the identified technology. Companies are encouraged to partner with a New Jersey PhD granting university or with a company or institution with a primary business location in New Jersey. Please note that NJCST does not require a fee to process this application.

2 Edison Innovation Clean Energy Fund: The grant provides funding in the amount of $100,000 to $500,000 to New Jersey technology companies, for demonstration projects and developmental and ancillary activities necessary to commercialize identified renewable energy technologies and innovative technologies that significantly increase energy efficiency. This grant will fund technologies that can demonstrate their integral nature to the development Class 1 renewable energy technologies that produce or support the production of renewable or clean electricity generation. New Jersey Technology Fellowships The New Jersey Commission on Science and Technology offers New Jersey technology-based firms $50,000 to hire Ph.D. graduates, moving cutting-edge research from the lab to the marketplace. The salary funding levels for Technology Fellowships are $65,000 for the first year and $75,000 for the second year. Funding for the second year is non-competitive but is based on approval of the first year's progress reports by the Commission s Research Collaboration Committee. The second year pay is $75,000, the applicant company is required to match $25,000 and $50,000 is provided by NJCST. Entrepreneur Fellowship Program The New Jersey Commission on Science and Technology offers New Jersey technology-based firms to hire MBA graduates. The salary funding levels for Technology Entrepreneur Fellowships are $65,000 for the first year and $75,000 for the second year. Funding for the second year is non-competitive but is based on approval of the first year's progress reports by the Commission s Emerging Business Committee. The second year pay is $75,000, the applicant company is required to match $25,000 and $50,000 is provided by NJCST. New Jersey Patent Bank The New Jersey Patent Bank is a free and searchable web portal where innovators and inventors can post their New Jersey-based patents. The Patent Bank is designed to: Match New Jersey innovators to interested companies Market New Jersey s intellectual property to encourage new business partnerships Provide societal benefits by bringing innovation and ideas to commercial market Utilize technology to build business relationships and accelerate economic growth Allow colleges and universities to submit patented technologies in a central location

3 High Technology Incubator Seed Fund The Incubator Seed Fund will provide, on a competitive basis to technology companies that are resident of NJCST supported High Technology Business Incubators in amounts between $20,000 and $50,000 to assist emerging businesses achieve a critical milestone in their commercialization path. The direct financial support from the Commission will compliment the mentoring and business support provided by incubator managers as they assist these emerging companies in commercializing their technologies. Applicant s primary business is the provision of a scientific process, product, or service and the applicant owns, has filed for, or has license to use protected proprietary intellectual property Technology Incubator Network The New Jersey Commission on Science and Technology incubator network helps early-stage companies reduce the time it takes to move from lab to market. Supports are targeted to improving the success rate of high-growth ventures in Life Science, Telecommunications, Information Technology and Nanotechnology, Electronics and Materials. The New Jersey Business Incubation Network (NJBIN) The New Jersey Business Incubation Network (NJBIN) is a collaborative state-wide community of business experts, resources and facilities dedicated to enhancing the commercial success of early-stage entrepreneurial companies, growing higher paying jobs in New Jersey and supporting the Economic Growth Strategy for the State. NJBIN incubators provide early-stage companies critical support services in a professional business environment including coaching, access to capital, technical and business resources, networking opportunities, and flexible office or laboratory space. Commercialization of University Intellectual Property The Commission on Science and Technology in April 2005 launched the Commercializing University Intellectual Property Program, allocating $1 million to help New Jersey research universities accelerate the transfer of innovations from lab to marketplace. Additional Contact Sources: New Jersey Economic Development Authority (EDA) P.O. Box 990 Trenton, NJ (866) [email protected] The New Jersey Economic Development Authority (EDA) is a state financing and development agency that works to strengthen New Jersey s economy by retaining and growing businesses through financial assistance, by renewing communities, and by promoting the state s strategic advantages to attract domestic and international business. The EDA offers a variety of financing and incentive programs specifically

4 for manufacturers located in New Jersey, as well as companies seeking to relocate or expand in the state. For more information, visit SBIR-FAST New Jersey Small Business Development Center - Technology Commercialization Center Brenda B. Hopper, Director New Jersey Small Business Development Centers (NJSBDC) offers free SBIR proposal writing assistance to New Jersey-based entrepreneurs. If an entrepreneur has a technology, which is a good fit with a solicitation topic, the NJSBDC will hire a consultant to work with them to edit, focus or re-write a draft proposal, or develop a complete proposal for an abstract. NJIT Defense Procurement Technical Assistance Center NJIT and the Department of Defense have teamed to provide marketing assistance to companies that are interested in selling to the government as well as in obtaining research dollars via the SBIR/STTR programs by individually searching agencies requirements and assisting in the preparation of the response in the form of a grant proposal as part of our in-house services. Agencies of the DOD are major sources of research dollars, we would be able to help you understand fully what the government requires. Manufacturers can utilize this program by using this funding to pre-qualify parts that are new or replacements for older obsolete ones. Procurement Technical Assistance: Foundation at New Jersey Institute of Technology PTA Center 323 Martin Luther King Boulevard Newark, NJ (973) (973) FAX Dolcey Chaplin, Director [email protected]

5 Union County Economic Development Corporation PTA Program 1085 Morris Avenue, Suite 531 LIB Hall Center Union, NJ (908) (908) FAX Maryann Williams, Director of Procurement Programs