“The majority of our clean technology portfolio companies have some form of prototype, and funding through this program will offset many of the costs associated with demonstration and validation as they work toward commercialization,” said CSIT Executive Director Judith Sheft. “This new program is a complement to our existing Clean Technology Seed Grant and Voucher programs, and we are proud to expand the continuum of support we offer clean technology businesses growing in New Jersey.”
Sheft noted that companies do not have to have participated in a previous CSIT program to be considered for this award.
Examples of some prototypes in the clean energy space include energy management solutions, electric storage devices, biomass powered generators, and wind turbine components.
“In addition to their innovations in the life sciences and technology sectors, New Jersey innovators are creating technologies that are intended to combat climate change and reduce carbon footprints worldwide,” said CSIT Chair Debbie Hart. “By providing resources necessary to support entrepreneurs as they bring their products to the marketplace, we are not only helping early-stage New Jersey companies succeed, but also helping to build the green economy that Gov. Phil Murphy champions.”
CSIT will host an informational webinar on the Clean Tech Demonstration Program on November 30, 2022. Registration information can be found at https://www.njeda.com/pilot-clean-tech-demonstration-grant-program/. A recorded version of the webinar and copy of materials presented will be made available on the CSIT webpage following the event. Please note that applications can be submitted starting on Dec. 5.
The Pilot Clean Tech Demonstration Program will fund pilot demonstration projects intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture. The proposed project must be between Technology Readiness Level (TRL) 6, ready to beta test the prototype, and TRL 8, in the pre-commercial demonstration. The TRL is a globally-recognized scale that measures and assesses a technology’s maturity. The following technology areas are eligible under the program: Chemicals/Advance Materials, Energy Distribution/Storage, Energy Efficiency, Energy Generation, Green Buildings, Transportation, Waste Processing, and Water and Agriculture.
All applicants must have a minimum of two full-time employees and no more than 50 full-time equivalent employees at the time of application. Additionally, at least 50% of the work being performed by employees, including founders and contractors, must be conducted in NJ. Lastly, all pilot demonstration projects must be done in New Jersey.
Award scoring will be based on innovation, market opportunity, feasibility, and economic and environmental impact. In keeping with Governor Murphy’s goal of creating the most diverse and inclusive innovation ecosystem in the country, bonus scoring will be awarded to applicants that are New Jersey-certified women-owned, minority-owned, or veteran-owned businesses; or have a primary place of business/research and development located either within an opportunity zone eligible census tract or within Trenton, Paterson, or Atlantic City.
Funding for the Clean Tech Demonstration Program is being provided by the New Jersey Board of Public Utilities (NJBPU).
“CSIT has been a tremendous partner in our efforts to get funding to startups that are working to advance our clean energy future,” said NJBPU President Joseph L. Fiordaliso. “The clean tech program announced today is an important step in the State of New Jersey’s ability to reach even more emerging companies as we work to meet Governor Murphy’s goal of 100% clean energy by 2050.”
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