New Jersey Technology Business Tax Certificate Transfer (NOL) Program
Status not published
An annual application deadline, historically 30 June, with sales completed later in the calendar year.
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.
New Jersey Economic Development Authority (NJEDA)
public · regional
Deadline: cutoff — An annual application deadline, historically 30 June, with sales completed later in the calendar year.
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.
Moderate — a form and supporting documents.
Who can apply
- small enterprises
- Sectors: deeptech, health, ai
- Stage: seed, series_a, growth
- Locally registered entity required
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
- Confirm the company meets the NJEDA technology or biotechnology definition
- Submit the NOL application by the annual deadline
- If approved, NJEDA issues a certificate
- Sell the certificate to a profitable New Jersey corporate buyer through a broker
What you will need
- New Jersey corporate tax returns
- Financial statements
- Evidence of protected proprietary technology
- Employee count certification
Source. https://www.njeda.gov/nol/ — checked 2026-08-14 · not human-checked