green investment
Economic Development

Applications for CSIT’s Clean Tech Seed Grant Round 4 Now Open

The New Jersey Commission on Science, Innovation, and Technology (CSIT) is now accepting applications for the Clean Tech R&D Seed Grant Round 4. The program, developed in coordination with the New Jersey Economic Development Authority (NJEDA) and the New Jersey Board of Public Utilities (NJBPU), provides grants of up to $75,000 to eligible New Jersey companies to conduct R&D projects that will reduce or mitigate greenhouse gas emissions.

The goal of the program is to help New Jersey-based early-stage clean tech/clean energy companies accelerate development and innovation of clean technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest.

The program is for companies developing or testing clean technologies intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture in the following target areas:

  • Chemicals/Advance Materials
  • Energy Distribution/Storage
  • Energy Efficiency
  • Energy Generation
  • Green Buildings
  • Transportation
  • Waste Processing
  • Water and Agriculture

Applicants must meet certain eligibility requirements, including:

  • Have at least one, but no more than 50, full-time employees;
  • Have less than or equal to $5,000,000 in prior calendar year sales revenue;
  • Have a current New Jersey tax clearance certificate listing New Jersey Commission on Science, Innovation and Technology; and
  • Be authorized and in good standing to conduct business in New Jersey.

Click here for a full list of eligibility requirements.

Applications for the Clean Tech R&D Seed Grant Round 4 are now open. Applications must be submitted by Friday, July 11, at 5:00 p.m.

To access more business news, visit NJB News Now.

Related Articles: