BioNJ Announces Strategic Collaboration with Tech Council Ventures

On Jul 9, 2024

BioNJ, the membership trade association dedicated to fostering the life sciences ecosystem in New Jersey, has entered into a strategic collaboration with Tech Council Ventures. This collaboration aims to accelerate and facilitate life sciences deals, leveraging the strengths and connections of the BioNJ community and ecosystem members.

Founded in 2000 and based in Summit, Tech Council Ventures is a venture capital firm that invests in early-stage, high-growth technology companies within the Mid-Atlantic region. Tech Council Ventures’ portfolio companies benefit from the fund’s collaboration with one of the nation’s largest and most active technology councils, providing valuable introductions to customers, recruits, resellers, distributors, board directors, investors and quality service providers.

Through this collaboration, BioNJ and Tech Council Ventures will work together to support and drive innovation in the life sciences sector, including digital health, biotech, medical devices and therapeutics companies. By combining BioNJ’s deep-rooted network and commitment to patient access with Tech Council Ventures’ investment expertise, the collaboration will create robust opportunities for early-stage companies to thrive and expand in New Jersey.

“We are thrilled to join forces with Tech Council Ventures,” said Debbie Hart, president and CEO of BioNJ. “This collaboration will enable us to further our mission of building a dynamic life sciences ecosystem in New Jersey, ensuring that innovation flourishes and patients gain access to groundbreaking advancements.”

“Partnering with BioNJ aligns perfectly with our mission to invest in and support the most promising early-stage companies in the life sciences sector,” said Jim Gunton, Managing Partner at Tech Council Ventures. “This collaboration will provide unparalleled opportunities for innovative companies to grow and succeed, benefiting from the combined strengths of our organizations.”

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