“New Jersey is known the world over for its high-caliber research universities, and it is incumbent upon us to provide Garden State companies at their earliest stages with access to these invaluable resources,” said CSIT Chairman Gunjan Doshi. “CSIT is proud to work with its partners at the NJEDA and the NJBPU to bring this important and impactful program to fruition.”
CSIT announced the program this week to give applicants adequate time to prepare their applications. The Commission will host an informational webinar on the Clean Tech R&D Voucher Program on March 16 at 10:00 a.m. to offer tips and advice to potential applicants. Registration information can be found here. A recorded version of the webinar and copy of materials presented will be made available on the CSIT webpage following the event. Applications will be accepted beginning April 5 on a rolling basis until the funding is expended.
To be eligible for the Clean Tech R&D Voucher program, applicants must be registered to conduct business in New Jersey and must have no more than 50 full-time employees at the time of application. Additionally, 100 percent of the project work for which the voucher is being sought must be conducted in New Jersey. Full eligibility requirements can be found at http://www.njeda.com/csit.
“We developed the Clean Tech R&D Voucher Program first and foremost to support the many innovative clean technology companies working to impact the global marketplace,” NJEDA Chief Executive Officer Tim Sullivan said. “At the same time, it will increase access to, and awareness and utilization of, the State’s physical clean tech innovation-related amenities. This program will be a terrific tool for attracting companies to the Garden State, a top priority as we continue to recapture New Jersey’s role as a leader in innovation.”
In early 2020, Governor Murphy unveiled the state’s Energy Master Plan, which outlines key strategies to reach the Administration’s goal of 100 percent clean energy by 2050. In May 2018, Governor Murphy’s Executive Order No. 28 directed the NJBPU, in partnership with other state agencies, to develop this statewide clean energy plan and shift away from energy production that contributes to climate change.
“Up and coming New Jersey companies bring fresh ideas to the table and fostering opportunities for them is critical as we continue to shape a clean energy future,” said NJBPU President Joseph L. Fiordaliso. “We want to ensure that these businesses have every resource at their disposal as they develop important clean technologies. Programs like the one announced today are an important step toward fulfilling the Governor’s goal of 100 percent clean energy by 2050.”