Enterprise Dev Center Newark

Enterprise Development Center at NJIT

 

Director: Jerry Creighton, Sr.
211 Warren Street, Suite 109
Newark, NJ 07103
(P) 973-643-4063
(F) 973-643-4502
Official Website
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Description

The EDC is New Jersey’s oldest and largest incubator for technology and life-science companies, having graduated over 80 successful businesses since its start-up in 1988. Clients at EDC have access to NJIT university resources including faculty collaborators and academic experts, characterization instrumentation, a clean room, machine shop and manufacturing facility as well as MBA and technical student teams and interns to assist with product and strategy development. Clients participate in on-site angel and VC events, monthly entrepreneurial networking forums and workshops. They have access to the EDC Incubator Seed Fund to subsidize technical writers, business plan optimization, marketing tools, organizational design, and other related services. When you join the EDC, you become part of Newark's rich commercial and technological history and its present day economic revival. The EDC is located on the NJIT campus in Newark’s Innovation Zone and University Heights Science Park. The location is rich in collaboration opportunities for tech based companies. It is within walking distance to NJIT, the University of Medicine and Dentistry, Rutgers Newark campus, the Public Health Research Institute, Essex County Community College and the new Science High School. EDC is convenient to New Jersey’s largest transportation hub and minutes away from mid Manhattan. EDC is open to early-stage companies that have, or will have, a proprietary technology as a significant source of revenue. In 2010, the 87 companies in residence had revenues surpassing $82 million, employed 799 people, and attracted more than $10 million in third-party funding.

Amenities

The EDC provides a comprehensive array of on-site client services including:

  • Business mentoring and support services
  • Cubicles, offices and conference rooms
  • Fully outfitted wet laboratory space
  • Shared business equipment and high speed internet
  • Accounting services and training by a range of business consultants
  • Grant experts to help search for funding specific to your business