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New Jersey Economic Development Authority (NJEDA)
NJ Accelerate
Amount
Up to $250,000
Deadline
Rolling
Can you get this?
✓Must be Approved Accelerator graduate company
✓At least 50% of workforce works or pays taxes in NJ
✓Minimum 2 founders/C-suite 100% devoted to company in NJ
✓Bonus for women- or minority-owned certified businesses
What it takes
Graduate from an NJEDA-approved accelerator program and apply within 6 months of graduation.
Submit an online application with all required due diligence documents, including NJ Tax Clearance Certificate, Certificate of Completion, workforce list, and financial statements.
Pay a $500 application fee for the Investment Benefit only.
Worth knowing
For the Investment Benefit, the company is required to maintain its base of operations in New Jersey for the full 10-year maturity of the convertible note at a 3% interest rate.
A 5% bonus amount is available to graduate companies certified as women or minority owned.
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