34 Companies Awarded $68M Through NOL in 2023
2024 NOL Application Deadline is June 30th – apply NOW
The Net Operating Loss (NOL) program allows life sciences companies the opportunity to sell a percentage of their net operating losses and unused R&D tax credits for cash. Up to $75 million/year is available from the NJ program. The application deadline for the 2024 program is June 30th. For application information, visit NJEDA/NOL now.
Reunion Neuroscience’s $103M A Round
Reunion, a Morristown based clinical-stage biopharmaceutical company focused on neuroscience, recently announced the close of a $103 million Series A financing.
J&J Joins The HELIX
J&J will join a host of other industry and innovation leaders, including the Rutgers Robert Wood Johnson Medical School, RWJBarnabas Health, Hackensack Meridian Health, Rutgers University, Princeton University, the University of Tel Aviv and a number of international companies, including Atlantic Technology Institute from the Republic of Ireland. In December, the HELIX, located in downtown New Brunswick, announced another huge tenant as Nokia Bell Labs said it will move its world-famous research facility to the space.
NJEDA Awards First $2M Under Angel Match Program
NJEDA has closed its first four approvals under the Angel Match Program, awarding a total of $2 million to support early stage technology companies. With a funding pool of $20 million from the federal State Small Business Credit Initiative (SSBCI), the Angel Match Program was launched last year. Under the Angel Match Program, the NJEDA is the first entity to commit capital to a technology company, leading to other investors who provide matching funds.
NJ Life Sciences Report Reveals Thriving Ecosystem
Choose New Jersey, in partnership with JLL, BioNJ and NJEDA, has released the 2024 New Jersey Life Sciences Report, showcasing NJ’s thriving life sciences ecosystem and highlighting its place as a national leader for companies seeking affordable and appropriate lab space, quality of life, and world-class scientific talent.
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