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Explore: Drug Discovery · Water Tech · Workflow Automation · Marketplaces · Pre-Seed · Seed

New Jersey Innovation Evergreen Fund

New Jersey Economic Development Authority

VC$600MCo-invests

Fund Size

$600M

Check Size

$12.5M

Location

🇺🇸United States

Investment Thesis

A tool to increase access to strategic resources and venture capital in New Jersey by deploying capital alongside professional venture capital firms into high-growth businesses.

About New Jersey Innovation Evergreen Fund

The New Jersey Innovation Evergreen Fund is a public-private venture program run by the New Jersey Economic Development Authority that co-invests with qualified venture firms in early-stage, New Jersey-based companies. It is designed to expand access to capital, support innovation sectors, and recycle returns back into the fund so it remains self-sustaining.

Sectors

Drug DiscoveryWater TechWorkflow AutomationMarketplacesMedtech

Stages

pre-seedseed

Geographic focus

United States

Notable Investments

Unspecified New Jersey-based startups receiving NJIEF funding, Five startups receiving $4.65M in aggregate NJIEF investment

Verified 26 March 2026 · Sources: company website, Fusion42 review

Frequently asked questions

What does New Jersey Innovation Evergreen Fund invest in?
New Jersey Innovation Evergreen Fund invests in Drug Discovery, Water Tech, Workflow Automation, Marketplaces and Medtech at the pre-seed and seed stages.
Which geographies does New Jersey Innovation Evergreen Fund focus on?
New Jersey Innovation Evergreen Fund focuses on United States, and is headquartered in United States.
What is New Jersey Innovation Evergreen Fund's typical check size?
New Jersey Innovation Evergreen Fund typically writes checks of up to $12.5M.