Creates grant program for business accelerator and incubator networks; transfers $1 million in societal benefits charge revenues to EDA to administer program.

This bill creates a $1 million grant program administered by New Jersey's Economic Development Authority (EDA) to support business accelerators and incubators. The program provides funding to organizations that help early-stage companies developing technology in specific fields, including clean energy, life sciences, biotechnology, advanced materials, and manufacturing. Grants can cover costs related to low-cost workspace, technical assistance, and other support services offered to these companies. The program uses $1 million in existing societal benefits charge revenues, directly benefiting business support networks and the startups they serve across targeted technology sectors.