Program Will Make up to $75,000 Available to Companies Furthering Clean Tech R&D
The New Jersey Commission on Science, Innovation, and Technology (CSIT) Clean Tech Seed Grant Program will help accelerate development and innovation of clean technologies by furthering research and development (R&D) within the Garden State’s clean technology startup community. CSIT developed the program in coordination with the New Jersey Board of Public Utilities (NJBPU) and the New Jersey Economic Development Authority (NJEDA). The application is available at http://www.njeda.com/csit.
The Clean Tech Seed Grant Program provides grants for R&D activities to very early-stage, New Jersey-based clean technology companies. Specifically, the program will fund projects that are developing or testing clean technologies intended to recapture or avoid emissions of greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture. The following technology areas are eligible under the program: Chemicals/Advance Materials, Energy Distribution/Storage, Energy Efficiency, Energy Generation, Green Buildings, Transportation, Waste Processing, and Water and Agriculture. These grants will help businesses continue their work toward the proof of concept and prototyping stages, at which point they can more readily attract outside investors and, in some cases, begin to generate revenue.
The application will be open until April 5, 2021 at 4:00 p.m. or until the program receives 50 completed applications, whichever comes first. Total funding for this initial pilot program is $750,000.