NJEDA Angel Match Program
New Jersey Economic Development Authority
$100,000 to $1,000,000 convertible notes matched 1-to-1 with outside angel investment
Funded by the federal State Small Business Credit Initiative, the program matches angel investors' direct investment in early-stage, product-based technology companies in targeted industries with unsecured convertible notes with warrants.
- Eligibility
- Early-stage New Jersey companies in a targeted industry, structured as a C-Corp or LLC with unit structure, with physical office space in New Jersey, at least 50% of full-time employees in New Jersey, no more than 100 employees and at least two full-time founders or C-level executives working in New Jersey.
- Available in
United States · New Jersey only- Benefits
- 10-year note at 3% interest per the program summary; warrants equal 50% of note principal.
- Details
- Tiers, how to apply, what to watch out for and sources are free with an account.
