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NJEDA HAX Plasma Forge co-investment

NJEDA HAX Plasma Forge co-investment

Offers New Jersey hardware innovators co-investment support, technical mentorship, and market access through public program pilots.

ClosedNew Jersey Economic Development AuthorityUnited StatesDeep-tech · core fit

Eligibility · United States · US-NJ

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About

NJEDA HAX Plasma Forge is a co-investment program administered by the New Jersey Economic Development Authority (NJEDA) targeting early-stage hardware, energy, and manufacturing companies in New Jersey. The program provides equity co-investment in the range of $500,000 to $5,000,000, with a median deal size of approximately $1.5 million, focused on sectors including plasma physics, energy technolo…

What this grant funds

NJEDA HAX Plasma Forge co-invests $500,000–$5,000,000 in equity into early-stage hardware, energy, and plasma-technology companies based in New Jersey.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.One-off
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Equity
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.50%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Last verified: 29 Jun 2026Source: www.njeda.com