New Jersey Innovation Fellows Program
The New Jersey Innovation Fellows Program by NJEDA funds and mentors teams of first-time entrepreneurs to build innovative science and technology startups in New Jersey's targeted industries.
Funder: New Jersey Economic Development Authority
Due Dates: December 4, 2026 (Cohort III application deadline)
Funding Amounts: Up to $400,000 per team over two years (base award $200,000 plus bonuses); 5–8 teams awarded per cohort
Summary: Supports teams of first-time entrepreneurs in New Jersey with income replacement grants and mentorship to develop innovative startups in targeted industries.
Key Information: Teams must consist of at least three full-time entrepreneurs; only new, not-yet-formed businesses are eligible.
Description
The New Jersey Innovation Fellows Program (NJIF), administered by the New Jersey Economic Development Authority (NJEDA), provides substantial income replacement grants and a two-year structured mentorship program to teams of aspiring entrepreneurs. The program is designed to enable diverse and first-time founders to dedicate themselves full-time to launching innovative startups in New Jersey, especially in designated targeted industries and eligible municipalities. Teams may receive up to $400,000 in total funding, including a base grant and various bonuses, and benefit from direct training in business development, finance, and management.
