New Jersey Innovation Evergreen Fund (NJIEF)
Status not published
This funder does not publish a call calendar. Check their page before planning around it.
New Jersey corporations buy state tax credits at a competitive auction; the proceeds are deployed by approved private venture capital firms as co-investments into early-stage New Jersey businesses. Investment sizes vary by partner firm, ranging from $250,000 to $40 million. As of 22 April 2026 the programme had $63,403,550 in unallocated capital.
New Jersey Economic Development Authority (NJEDA)
ppp · regional
Deadline: rolling
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Major bid — written case, budget, possibly partners.
Who can apply
- small enterprises
- Sectors: health, fintech, deeptech, ai
- Stage: pre_seed, seed, series_a
- Locally registered entity required
Company must be New Jersey-based and in its early stages. Cannabis licence and certification holders regulated by the New Jersey Cannabis Regulatory Commission are excluded. Companies apply to the partner VC firms, not to NJEDA directly.
How to apply
- Review the list of 34+ approved venture capital partner firms on the NJEDA Evergreen page
- Approach a partner firm whose thesis matches your sector and stage
- The partner firm leads the round; NJIEF co-invests alongside it
- Contact njief@njeda.com for an introduction to venture partners
What you will need
- Pitch deck
- Financial model
- Cap table
- Evidence of New Jersey operations
Source. https://www.njeda.gov/evergreen/ — checked 2026-08-14
"$63,403,550"