On August 8, the New Jersey Commission on Science, Innovation and Technology (CSIT) announced that a total of $1.3 million in funding had been awarded to 18 companies chosen in Round 2 of the Clean Tech Seed Grant Program.
The Clean Tech Seed Grant Program, which was jointly developed by CSIT and the New Jersey Economic Development Authority (NJEDA), provides grants for research and development (R&D) to very early-stage companies and companies researching new technologies. The grants help these New Jersey-based clean technology companies advance their development of products and services to a point where they can more readily appeal to outside investors and, in some cases, begin to generate revenue.
Seventy-two percent (13 companies) of the awardees have five or fewer employees. Additionally, 16 percent (3) are certified as minority-owned businesses, and 16 percent (3) are certified women-owned. Eleven percent (2 companies) of the awardees have licensed technology from a New Jersey university.
Each listing below is structured as follows: applicant name (funding awarded), location. Then there is a description. Most information is taken from company websites or from other public sources (in which case, it is attributed). The NJEDA provided some of the information.
Clean Tech Seed Grant Program Awardees
Tags: 13 Mari, 4.0 Analytics, Blue Rock Solutions, BRISEA Group, Clean Tech Seed Grant Program, CSIT, Energy Research Company, ExoCell Power Corporation, Exovolar Industries, FPG PowerPlus, HiT Nano, iCheck Energy, Neurtroelectric, New Jersey Commission on Science Innovation and Technology, New Jersey Economic Development Authority, Phoresis, Pollux Technologies, Project Plastic, Redi-farms, Singlet02 Therapeutics, Sunowner, SWIND POWER
Esther is the Founder and Editor in Chief of NJ Tech Weekly
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