Provides assistance to business accelerators and incubators and startup businesses located within those business accelerators and incubators.
This bill establishes a program to provide financial assistance and support services - such as low-cost workspace, mentoring, and technical guidance - to early-stage startup businesses focused on advanced technology fields (including biotechnology, information technology, and advanced materials) located within business accelerators or incubators. It directly affects qualifying startups, business accelerators, and incubators by creating a "Startup Businesses in Business Incubators Development Program" administered by New Jersey's Economic Development Authority. Key mechanisms include funding for these facilities through a new grant program and defining eligibility criteria (e.g., startups must be in early development and engaged in specific tech sectors). The program aims to strengthen New Jersey's innovation ecosystem by connecting startups with resources at research institutions and urban transit hubs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
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Full legislative history
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Total actions
1
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0
Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Science, Innovation and Technology Committee
lower
2 primary · 0 co-sponsors
Sponsors
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