In order to be eligible, the emerging technology company must: employ fewer than 225 full-time employees (75% of whom work in New Jersey); do business, employ or own capital or property; or, maintain a New Jersey office. It also must conduct one of the following activities in the State:
- Incur qualified research expenses
- Conduct pilot-scale manufacturing
- Commercialize one or more of the following eligible technologies: Advanced Computing, Advanced Materials, Biotechnology, Electronic Devices, Information Technology, Life Sciences, Medical Devices, Mobile Communications, Renewable Energy Technology, and Carbon Footprint Reduction Technology.