Venture Fund Investments

About this funding opportunity

Open in new Tab VENTURE FUND INVESTMENTS

NJEDA forms collaborative partnerships with venture capital fund managers active in New Jersey’s Technology and life science community. Our venture partners leverage NJEDA investment to increase funds available for emerging technology & life sciences companies to grow and create jobs in the State.

AMOUNT

NJEDA’s average historical commitment is $2.6 million since program inception. Qualifying commitments may be up to $10 Million, or 10% of the total fund size.

BENEFITS

Investment capital for approved partners

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Build strategic relationships in the technology and life sciences community

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Support growth and job creation for NJ companies

ELIGIBILITY

See venture fund policy and investment guidelines below

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Application submission required for consideration RECENT PRESS RELEASE: NJEDA Approves Investment Up To $6M Into Newark Venture Partners INVESTMENT ACTIVITY:

To date, NJEDA has committed over $114 million to 29 venture capital funds since 1995. Cumulatively, these partner funds invested approximately 8x the NJEDA’s investment into more than 100 New Jersey early-stage technology and life science companies. Including other third-party investors, companies in the NJEDA venture fund portfolio have received $3 billion of funding. Active portfolio companies employed over 1,000 full time employees as of June 30, 2025. Current Investment Portfolio:

Current and historic venture fund partners include: PROGRAM DETAILS EVALUATION CRITERIA

PROGRAM DETAILS

NJEDA forms collaborative partnerships with venture capital fund managers active in New Jersey’s Technology and life science community. Our venture partners leverage NJEDA investment to increase funds available for emerging technology & life sciences companies to grow and create jobs in the State.

Uses include investment in early-stage technology and life science companies with revenues, generally, less than $3 million

EVALUATION CRITERIA

As necessitated by the long-term investment horizon of venture capital, NJEDA seeks to maintain active investment partnerships deploying capital across market cycles. As part of the Edison Innovation Fund, NJEDA has implemented guidelines to ensure that its venture capital investments consistently support the success of emerging technology companies in New Jersey. These guidelines set forth a strategy for staff to review and assess qualifications for venture capital fund commitments in a consistent and equitable manner.

Venture fund managers seeking NJEDA investment will apply through the online application. Applications will be assessed and scored using the guidelines outlined below: Quality of leadership: Consideration is given to senior leadership’s length of experience together as an institutional fund manager and investor, as well as, the relevance of experience to the targeted strategy. Depth of Resource: Consideration is given to the size and experience of additional team, as well as, the current staffing processes used in order to effectuate the strategy. Succession / continuity planning is considered. NJEDA Partnering: The prospective manager is assessed on its ability and willingness to serve as a strategic partner to NJEDA, support the Technology & Life Sciences ecosystem in New Jersey and locate in the State. Sourcing: The prospective manager is assessed on its ability to source and track relevant and non-traditional deal flow to maintain an advantage in effectuating the stated strategy, with particular emphasis on New Jersey. Strategic Focus: In order to align with NJEDA objectives, the target fund should be focused on early-stage companies with less than $3 million in trailing twelve month revenue prior to investment, diversified across technologies. Geographic Focus: The investment offering will be assessed according to the percentage of the total fund identified for investment in New Jersey and to the breadth of exposure within the State. Consideration may be given to…

Topic areas: General and Cross-cutting R&D, Life Sciences and Health.

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

Venture Fund Investments is administered by New Jersey Economic Development Authority (NJEDA), listed via New Jersey Economic Development Authority.