Life Sciences/Healthcare Fund

About this funding opportunity

Open in new Tab Life Sciences/Healthcare Fund

Life Sciences & Healthcare Fund is dedicated to fostering innovation and growth within the sector. Our program provides crucial financial support and resources to NJ companies raising Seed to Series C funding rounds with our partner fund managers listed below. PROGRAM HIGHLIGHTS Financial Support: The New Jersey Economic Development Authority (NJEDA) offers matching funds of up to $10 million to eligible New Jersey companies. This financial support is available when the qualified fund managers listed below are prepared to invest. The investment opportunity must comply with both federal and state regulations. There must be at least a 1:1 public/private matching funds for NJ life sciences/healthcare firms raising capital. The Venture Capital or Private Equity mangers listed below will provide due diligence, follow the compliance requirements and if qualified, invest in the NJ company. Mentorship and Guidance: Our program connects entrepreneurs to investment managers who provide funding as well as business insights and connections.

Partner Funds with access to SSBCI Life Sciences/Healthcare Fund. Signet Healthcare Partners: Signet Healthcare Partners invests in NJ companies that are raising a Series B or C round. The companies of interest are: pharma service providers, or in manufacturing, or generics, or research, or business pharma, or medical devices, or diagnostics and in the commercialization phase. Tech Council Ventures: Tech Council Ventures are interested in NJ companies raising seed, series a or b rounds and are active in digital health, medical devices, biotech, healthcare IT. ELIGIBILITY HOW TO APPLY

ELIGIBILITY

ELIGIBILITY CRITERIA

To qualify for the Life Sciences/Healthcare Fund, companies must meet the following criteria: Be a New Jersey registered business entity with a primary focus on life sciences/healthcare sectors. Must be a company located in NJ with 50% of full time employees living or working in NJ or the company headquarters are in NJ. Maximum number of employees: 750 Maximum size of a transaction is $20M There must be proof that SSBCI funds stimulated private sector investment

HOW TO APPLY

Interested companies can submit their investor deck by sending an email to  SSBCILifeSciFund@njeda.gov confirming what round of funds is being raised and the amount you are raising. Please put Life Science/Healthcare Fund and the name of the manager who should receive your deck in the subject line.

Please review the criteria of the partner fund managers accepted into the Life Sciences/Healthcare fund program and determine who is a good fit for the company’s current funding needs.

Tech Council Ventures: Tech Council Ventures, Tech Council Ventures

Signet Healthcare Partners: Signet Healthcare Partners Join Us in Shaping the Future of Life Sciences

For more information about the Life Science/Health Fund and how to get involved, please contact us directly. We look forward to hearing from you!

SSBCILifeSciFund@njeda.gov

For more information go to: Life Sciences, NJEDA

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Topic areas: Life Sciences and Health, Advanced Manufacturing and Industry.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Life Sciences/Healthcare Fund is administered by New Jersey Economic Development Authority (NJEDA), listed via New Jersey Economic Development Authority.