CATALYST SEED R&D GRANT PROGRAM
The Catalyst Seed R&D Grant Program has a total budget of $1,500,000 for awards. Applicants developing life sciences therapeutics can apply for grants of up to $150,000, all other Applicants are eligible to apply for grants of up to $75,000.
The goal of the Catalyst Seed R&D Grant Program is to help New Jersey-based early stage innovation-based companies accelerate development of technologies to transform new discoveries from research stage into commercially viable products and services.
PROGRAM OVERVIEW
The Catalyst Seed R&D Grant Program has a total budget of $1,500,000 for awards. Applicants developing life sciences therapeutics can apply for grants of up to $150,000, all other Applicants are eligible to apply for grants of up to $75,000.
The goal of the Catalyst Seed R&D Grant Program is to help New Jersey-based early stage innovation-based companies accelerate development of technologies to transform new discoveries from research stage into commercially viable products and services. The grant funds should enable Applicants to make significant progress and have a meaningful impact on their commercialization outcomes. The Catalyst Seed R&D Grant program is a complement to the Clean Tech Seed R&D Grant Program and is targeted toward Applicants that are developing technologies that are not eligible for the Clean Tech Seed Grant Program.
The Catalyst Seed R&D Grant Program is for companies conducting research and development or testing technologies in the following target areas:
- Advanced Manufacturing
- Advanced Transportation and Logistics
- Film and Digital Media
- Life Sciences – Therapeutic Drug Development
- Life Sciences – Other
- Non-Retail Food and Beverage
- Professional and Financial Services
- Technology
All Applicants for the Catalyst Seed R&D Grant Program should have achieved a demonstration of concept for their project proposed for funding
ELIGIBILTY CRITERIA
Each Applicant to the Catalyst Seed R&D Grant Program must meet the following eligibility criteria at the time of application and must maintain eligibility during the entire review period in order to be eligible for an award:
- Authorized and in good standing to conduct business in New Jersey as evidenced by a current New Jersey tax clearance certificate
- Have a minimum of one (1) full-time equivalent employee with at least one employee working 50% of their time on the project being proposed
- 50% or more of the work of its employees and contractors conducted in NJ (calculated on an FTE basis – 35 hrs. per week)
- 50% or more of employees/contractors live or pay withholding taxes in NJ
- Company has less than two million dollars ($2,000,000) in prior third-party funding over its lifetime (excluding government grants)
- Company has less than five hundred thousand dollars ($500,000) in previous calendar year sales revenue
APPLICATION
Applications to the Program shall be submitted using CSIT’s online application Portal. The application window will be open for a period of nine (9) weeks.
The application Portal will be open from Monday, December 6, 2021 at 10a.m. to Monday January 31, 2022 at 5 p.m.,