Income Support for Startup Teams in Targeted Industries
GrantID: 79000
Grant Funding Amount Low: $200,000
Deadline: Ongoing
Grant Amount High: $400,000
Summary
Opportunity for entrepreneurial teams in New Jersey to receive substantial financial support while developing innovative new businesses. The program is designed for teams of at least three full-time entrepreneurs pursuing startup ventures within designated technology, manufacturing, transportation, clean energy, life sciences, financial, professional services, media, food innovation, and other targeted industries. Funding can provide income replacement during a two-year development period, allowing qualified entrepreneurs to devote significant time to building their ventures. Approved teams may receive a base award of $200,000, with additional bonuses potentially increasing total support to $400,000. Participants also receive mentorship, technical training, and access to entrepreneurial resources. Eligible ventures must operate in New Jersey and maintain an address in an approved municipality. At least half of the entrepreneur leadership team must meet the program's first-time entrepreneur requirements.
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Explore related grant categories to find additional funding opportunities aligned with this program:
Business & Commerce grants, Energy grants, Food & Nutrition grants, Small Business grants, Technology grants, Transportation grants.
Eligible Regions
Interests
Eligible Requirements
