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Unclaimed
Discovery tool, not advice. Every figure is the published rule, not a decision on your case.
Tax credits

New Jersey Technology Business Tax Certificate Transfer (NOL) Program

Status

Status not published

An annual application deadline, historically 30 June, with sales completed later in the calendar year.

Open now
Amount
$20,000,000

Allows unprofitable New Jersey technology and biotechnology companies to sell their unused net operating losses and R&D tax credits to profitable New Jersey corporations, typically realising around 80-90 cents on the dollar in cash. Lifetime cap of $20 million per company; annual programme cap of $75 million.

Funder

New Jersey Economic Development Authority (NJEDA)

public · regional

Deadline: Fixed cut-off dates — An annual application deadline, historically 30 June, with sales completed later in the calendar year.

Your odds
Not published

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.

Effort
moderate

Moderate — a form and supporting documents.

Who can apply

Company must have fewer than 225 employees in the US (with at least 75% in New Jersey), operate in New Jersey for at least two years, have protected proprietary technology, and have net operating losses. This is one of the most valuable non-dilutive funding routes available to New Jersey deep tech and biotech companies.

How to apply

  1. Confirm the company meets the NJEDA technology or biotechnology definition
  2. Submit the NOL application by the annual deadline
  3. If approved, NJEDA issues a certificate
  4. Sell the certificate to a profitable New Jersey corporate buyer through a broker

What you will need

Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)

Apply on the funder's site

Source. https://www.njeda.gov/nol/ · not human-checked

Verified on 14 August 2026

Source: www.njeda.gov

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Paid, separate from Unclaimed

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