CLEAN TECH SEED GRANT PROGRAM (ROUND 2)
The Clean Tech Seed Grant Program, developed in coordination with the New Jersey Board of Public Utilities (NJBPU) and the New Jersey Economic Development Authority (NJEDA) is aimed at helping new jersey based early-stage clean tech/clean energy companies accelerate development and innovation of clean technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.
Qualified applicants can receive up to $75,000 in grants through the Round 2 Clean Tech Seed Grant Pilot Program
APPLICATION DETAILS
The Application Portal will be open Monday, January 24th, 2022 at 10 AM to Monday March 21st, 2022 at 5PM EST.
PROGRAM DETAILS
The goal of the Program is to help New Jersey-based early stage clean tech/clean energy companies accelerate development and innovation of clean technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.
The Program is for companies developing or testing clean technologies intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture in the following target areas:
- Chemicals/Advance Materials
- Energy Distribution/Storage
- Energy Efficiency
- Energy Generation
- Green Buildings
- Transportation
- Waste Processing
- Water and Agriculture
All applicants for the Program should be between a minimum technology development level of Technology Readiness Level (TRL) 2 (applied research) to TRL 7 (Full-scale, similar (prototypical) system demonstrated in relevant environment), based on the Department of Energy definitions.
Qualified applicants can receive up to $75,000 in grants through the Clean Tech Seed Grant Pilot Program and the total funding for second pilot program is $1,500,000. The funding is being provided through NJBPU’s Clean Energy Program.
ELIGIBILITY CRITERIA
Each Applicant to the Clean Tech Seed Grant Pilot Program must meet the following eligibility criteria at the time of application and throughout the review process:
- Authorized and in good standing to conduct business in New Jersey as evidenced by a New Jersey current New Jersey tax clearance certificate
- Have a minimum of one (1) full-time equivalent employee (FTE) including founders; with at least one employee working 50% of their time on the project being proposed
- 50% or more of the work of its employees, including founders and contractors conducted in NJ (calculated on an FTE basis – 35 hrs. per week)
- 50% or more of employees, including founders/contractors live or pay withholding taxes in NJ
- Company has less than two million dollars ($2,000,000) in prior third-party funding over its lifetime (excluding government grants)
- Company has less than five hundred thousand dollars ($500,000) in previous calendar year sales revenue
Please note, previous grant awardees from Round 1 of the Clean Tech Seed Grant Pilot Program are not eligible to apply for Round 2 of the Program.
The Program will be implemented by CSIT and NJEDA, and technical support will be provided at participating University Facilities and Government labs.
Round 2 Information Session from January 26, 2022
Click here to watch
Round 1 Information Session from December 7, 2021
Click here to watch