ELIGIBILITY

AI business or a division must be primarily engaged in the artificial intelligence industry or the large-scale artificial intelligence data center industry.

To be eligible for the Next NJ Program-AI support, a project must:

• Meet minimum job creation requirements: 100 new full-time jobs in New Jersey
• Each job must be paid at least 120% of the county median salary
• Minimum Capital Investment: $100 million at the qualified business facility (including multiple locations)
• Collaboration: the business will enter into a collaborative relationship, evidenced by the provision of price concessions, artificial intelligence support services, or other measures determined appropriate by the Authority, with a New Jersey-based public or private research university or technology startup company, incubator, accelerator or both.

• More than 50% of the business’s or division’s employees are engaged in AI-related activities, or
• More than 50% of the business’s or division’s revenue is generated from AI-related activities, or
• Both of the above.

*** ***AI-related activities include but are not limited to: Developing new AI algorithms and techniques, such as machine learning, natural language processing, and computer vision; creating AI-powered software and hardware products for various applications; medical AI modelling or programing; development of AI chatbots for customer service; AI development for vehicles, and collecting, storing, and managing the vast amount of data needed to train and use AI models.