The Commission on Science, Innovation and Technology (CSIT) has awarded more than $3.6 million to 14 New Jersey startups through its Pilot Clean Tech Demonstration Grant Program. The competitive program supports clean technology businesses that have existing prototypes and are ready to validate them in a real-world setting.
The program provides grants of up to $250,000. Funding received through the program can be used for testing and validating technological performance at demonstration and/or customer sites.
Funded by the New Jersey Board of Public Utilities (NJBPU), the program both helps to meet plans laid out in New Jersey’s Energy Master Plan (EMP) and plants roots for new clean energy innovation in New Jersey.
The following startups were awarded funding through the program:
In keeping with CSIT’s mission to support the state’s smallest companies, each of the awardees had fewer than 25 employees at the time of application, with all but three having fewer than 10 employees.
“Fostering opportunities for startups to succeed and impact the marketplace has been our top priority from Day 1,” said CSIT Executive Officer Judith Sheft. “Through the awards announced today, we are getting funding into the hands of entrepreneurs and innovators to further their important work in the clean technology space. We are pleased to collaborate with the New Jersey Economic Development Authority (NJEDA) and the NJBPU on this initiative to help get clean technology in New Jersey to the next step.”
“The clean energy transition is inevitable, and especially in New Jersey, it is exciting to see the continued momentum for clean energy technologies and companies that in turn will grow the industry while helping create a greener future in the Garden State,” said NJEDA Chief Executive Officer Tim Sullivan. “In addition to providing critically necessary funding to startups as they advance their technologies, the Pilot Clean Tech Demonstration Grant Program will also help progress Governor Phil Murphy’s clean energy goal of achieving 100 percent clean energy by 2035.”
Innovation spurring from awardees announced today include a power source that doesn’t require connection to the grid, an indoor farm that uses 80 to 90 percent less water than traditional farming, and next-generation, low-cost and high-performance lithium ion (Li-ion) battery materials and energy storage systems, among many others.
“The broad array of technologies being created by our grantees showcases New Jersey’s growing role as a leader in innovation,” said CSIT Chair Debbie Hart. “We knew that there was a significant need for this funding by startups statewide, given the vast number of our portfolio companies that have some form of prototype. We are pleased to support more than a dozen startups through this program.”
“As we plan for a clean energy future it is vitally important we provide support for startups that can create the technologies to help make the goal of 100 percent clean energy by 2035 a reality,” said NJBPU President Joseph L. Fiordaliso. “Further, connecting clean tech startups with funding needed to validate their technologies is an important step toward creating the green economy that Governor Murphy champions. We look forward to hearing about grantees’ successful testing and validation in the future.”
The Pilot Clean Tech Demonstration Grant Program is the latest in a series of resources available to New Jersey startups growing within the state’s green economy. This program complements other CSIT clean tech-focused programs including the Clean Technology Seed Grant and Clean Tech Research & Development Voucher Programs. The NJEDA also offers funding to support companies as they advance through their lifecycle, including the New Jersey Clean Energy Loans program and the New Jersey Zero-Emission Incentive Program.
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