ED  New Jersey Economic Development Authority

http://www.njeda.com/





     Office Locations:

PO Box 990
Trenton, NJ 08625
Phone: 609-858-6700

Get all office locations for this firm with a National Database subscription.
 

Stages:

  • Early
  • Seed


 

Industries:

  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare

  •  

    Description:

    The New Jersey Economic Development Authority has a long history of supporting growth in New Jersey for businesses of all sizes, but support of small to mid-sized businesses has always been one of EDA's top priorities. The Edison Innovation Fund seeks to develop, sustain, and grow technology and life sciences businesses that will lead to well-paying job opportunities for New Jersey residents. Among several Edison Innovation Fund initiatives, the Edison Innovation Angel Growth Fund supports Angel backed technology companies with minimum trailing 12 month commercial revenues of $500,000 may be eligible for up to $250,000 in subordinated convertible debt financing. Growth capital through the Edison Innovation Angel Growth Fund can be used for key hires, product rollout, product enhancement, and marketing/sales. There is a 2:1 angel match funding requirement that must be received within 90 days prior to application. The Edison Innovation VC Growth Fund backs technology companies with minimum trailing 12 month commercial revenues of $500,000 may be eligible for up to $1 million in subordinated convertible debt financing. Growth capital through the Edison Innovation VC Growth Fund can be used for key hires, product rollout, product enhancement, and marketing/sales. There is a 1:1 VC match funding requirement that must be received within 90 days prior to application.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Frederick J. Cole Senior Vice President, Operations
    Lori Matheus Senior Vice President, Finance & Development
    Maureen Hassett Senior Vice President, Governance, Communications & Strategic Initiatives
    Melissa Orsen CEO
    Timothy J. Lizura President & Chief Operating Officer

     

    Portfolio companies include:

     

    Recent News:


      There is no recent news for New Jersey Economic Development Authority.