The New Jersey Commission on Science, Innovation and Technology (CSIT) is accepting applications for Round 2 of its Catalyst R&D Seed Grant Program.
Donor Name: New Jersey Commission on Science, Innovation and Technology
State: New Jersey
County:
Type of Grant: Grant
Deadline: 07/14/2023
Size of the Grant: $150,000
Grant Duration: 1 year
Details:
The purpose of Round 2 of the Catalyst SEED Grant Program is to enhance the State’s innovative economy by providing financial grants to early-stage innovation-based companies to accelerate key product development.
This will assist applicants to transform new discoveries from research-stage into commercially viable products and services. Therapeutic drug discovery is one such eligible industry area of application for these grants.
The Program focused on companies conducting research and development or testing technologies in the following target area:
- Life Sciences (e.g., Therapeutic drug discovery). Medical devices are NOT eligible for this grant.
Funding Information
- Through this Round, CSIT will award grants of $150,000 each to a total of 10 companies.
- Eligible applicants can propose a project of up to one year in duration and with a maximum budget of $150,000. An extension for up to an additional 3 months may be permitted at the sole discretion of CSIT.
Eligible Uses of Grants Include:
The grant funding can be utilized for project research and development activities.
No more than 30% of the budget proposed for the Project, in the aggregate, may be spent on:
- Marketing and customer discovery specific to the innovation
- IP patent prosecution and licensing-related expenses
- Conference registration fees
Eligibility Criteria
All Applicants must meet the following eligibility criteria:
- Be authorized and in good standing to conduct business in New Jersey as evidenced by a current New Jersey tax clearance certificate (listing New Jersey Commission on Science, Innovation and Technology). All certificates listing another state agency will be rejected.
- Have no more than 25 full-time equivalent (FTE) workers (FTE calculated on a 35-hour work week) at time of application.
- Have a minimum of one full-time worker (calculated on a 35-hour work week). A founder can be counted as a worker; a worker may be paid or unpaid.
- 50% or more of the cumulative hours worked by all workers, founders, and contractors must be conducted in New Jersey (as calculated on an full-time equivalent basis of 35 hours per week).
- Have less than or equal to $2,000,000 in 2022 calendar year sales revenue (excluding grant revenue).
Prohibited Uses of Grants Include:
- Direct services to individuals or organizations
- Manufacturing of products for sale or commercial use
- Real estate rental expenses
- Patient clinical trial expenses
- Construction costs
- Travel, entertainment, and other similar expenses
- Allocations of general overhead expenses
- Any expenditures incurred before the “Effective date”, the date representing the last date of execution of the Grant Agreement by the respective Parties
- Any expenses for equipment and materials that Applicant does not use for the Project during the Project period
- Fees related to Conferences not associated with the Project
For more information, visit NJEDA.
