- Atux Iskay Group LLC (Princeton, Mercer County)
- AuresTech Incorporated (Bridgewater, Somerset County)
- Dina Pharma, Inc (Peapack-Gladstone, Somerset County)
- Enalare Therapeutics (Princeton, Mercer County)
- Farm to Flame Energy Inc. (West Orange, Essex County)
- Innovative AI Technologies LLC (Newark, Essex County)
- Mallika Ashwin Maya Corporation (Bridgewater, Somerset County)
- Misram LLC (Holmdel, Monmouth County)
- Neutroelectric, LLC (Camden, Camden County)
- Paragon Flavor, Inc (Princeton, Mercer County)
- Regenosine Inc (Princeton, Mercer County)
- ShockTech (Mahwah, Bergen County)
- SingletO2 Therapeutics LLC (New Providence Borough, Union County)
- Bezwada Biomedical, LLC. (Hillsborough, Somerset County)
- Impact Business Information Solutions, Inc (Princeton, Mercer County)
- Optimeos Life Sciences, Inc (Princeton, Mercer County)
- Venarum Medical, LLC (Eatontown, Monmouth County)
Awardees in the latest round of NJ SBIR/STTR Direct Financial Assistance Program funding range from clean technology startups to companies focused in such areas as aerospace, gene therapy, drug discovery, and sustainability and nutrient content of packaged foods. Sixteen of the 17 awardees had fewer than 10 employees at the time of application. Twelve out of the 17 awardees had fewer than five employees.
“This grant program is specifically designed to support the smallest of startups competing in the global marketplace,” said CSIT Chair Debbie Hart. “By helping grantees maximize their federal funds, we are enabling them to scale their operations and focus on commercializing their products. This, in turn, will lead to grantees expanding their presence and creating good paying jobs in the Garden State.”
State Senator Robert W. Singer and Assemblyman P. Christopher Tully played critical roles in securing the funding needed to support startups through the NJ SBIR/STTR Direct Financial Assistance Program.
“As our innovation ecosystem continues to emerge from COVID-19, it’s more important than ever that we provide our startups the tools they need to compete in the global economy,” Senator Singer said. “This is a great step in helping New Jersey be a leader in technology.”
“An economy fueled by innovation is never just about ideas or human ingenuity alone. It’s about fostering an ecosystem where these ideas can transform into something tangible,” said Assemblyman Tully. “From our groundbreaking medical research to our technological advancements, these grants further demonstrate New Jersey is a proven home for small startups to grow and prosper.”