New Jersey Innovation Evergreen Fund
About the Program
Venture capital can serve a critical function to help commercialize, test, and scale research and ideas to truly transform the economy and to attract and retain budding entrepreneurs. The Evergreen Program directly addresses our state’s competitive position in venture capital funding nationally and aims to create the conditions our entrepreneurs need to succeed.
The Evergreen Program provides a platform to partner with the private sector to raise and invest capital in qualified New Jersey-based companies. The Evergreen Program will secure funding and strategic support by selling state corporate tax credits in a competitive auction, then partner with private venture capital firms to co-invest the funds in eligible early-stage businesses in New Jersey. This application of known economic development tools creates a novel mechanism to align the resources of New Jersey’s established corporate citizens with professional venture capital investment firms and early-stage businesses in New Jersey.
Venture Capital Connections
The NJEDA is positioned as a channel to connect diverse, innovative NJ-based entrepreneurs to participating venture program platform investors. If you would like to share your non-confidential executive summary or presentation deck with venture capital managers listed, please review the firms for mutual fit and email ==njief@njeda.com== with direction to which firms you would like to share your brief materials. Check back often, as the NJEDA works to regularly onboard venture capital managers. Ensure your contact information is provided in the attachment to enable firms to contact you directly if interested. The NJEDA is not responsible for the views or follow-up action of the venture capital firms listed. Please limit attachment sizes to ensure email delivery.
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