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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 VenturesTech 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

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

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