Life Sciences/Healthcare Fund
Life Sciences & Healthcare Fund is dedicated to fostering innovation and growth within the NJ life sciences/healthcare sector. Our program provides crucial financial support and resources to NJ life sciences 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 $5 million to eligible New Jersey entrepreneurs. 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 entrepreneur.
- Mentorship and Guidance: Our program connects entrepreneurs with experienced fund managers who provide access to capital.
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 CRITERIA
To qualify for the Life Sciences/Healthcare Fund, entrepreneurs must meet the following criteria:
- Be a New Jersey registered business entity with a primary focus on life sciences/healthcare innovation.
- Must be an entrepreneur with the company located in NJ which means 50% of the full time employees live or work in NJ or the company headquarters are located in NJ.
- Demonstrate commercialization proof evident or apparent.
- Have a scalable business model with the potential for significant impact in the life sciences/healthcare sector.
Interested founders can submit their investor deck by sending an email to: SSBCILifeSciFund@njeda.gov confirming what round of funds and the amount you are raising. Please put SSBCI Life Sci Fund and the name of the manager who should receive your deck in the subject line. You will receive a receipt of your submission.
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!
Or for more information go to: Life Sciences – NJEDA