Nine collaborative workspaces throughout the state, including two in the U.S. 1 readership area, have been approved to participate in the NJ Ignite program. The grants, offered by the New Jersey Economic Development Agency (NJEDA), cover rent payments for early stage technology and life science companies based in coworking spaces for two to six months. For every two months covered by the NJEDA grant, the workspace must cover one month of rent.
“We often hear from the entrepreneurial community about the difficulty that startups have finding affordable lab and office space in New Jersey,” Governor Phil Murphy said in a statement. “Through NJ Ignite, we are striving to remove that obstacle, enabling Garden State innovators to preserve precious capital for product development, connecting with investors, and everything else it takes to successfully grow and prosper here.”
Participating workplaces in the region include the Commercialization Center for Innovative Technologies on Route 1 in North Brunswick and the Rutgers EcoComplex in Bordentown. For more information visit www.njeda.com.