NJEDA Innovation Fellows AI Cohort

About

The NJEDA is set to open applications for its Innovation Fellows AI Cohort on June 18, 2025, offering income replacement grants of up to $400,000 and mentorship from Princeton University to teams of entrepreneurs launching AI-driven businesses, with a focus on innovative technologies like machine learning and natural language processing.

Benefits

• Income replacement grants up to $400,000
  Workshops and networking opportunities with academic and industry partners

Eligibility Criteria

• Teams of at least three individuals
• Launching AI-driven businesses
• Grants available for those in Opportunity Zones, self-certified women or minorities, or graduates from New Jersey colleges/universities

Target Region

New Jersey

Target Sector

High-Tech