The New Jersey Business Incubation Network (NJBIN) is a collaborative statewide community of business experts and resource facilities dedicated to enhancing the commercial success of early stage and expansion stage entrepreneurial companies, growing higher paying jobs, and supporting the economic growth strategy for the state. Early stage and expansion stage companies receive critical support services and flexible space in a professional business environment.
New Jersey's incubators make measurable contributions to the state's economy through their support of businesses, primarily in technology and life science sectors.
In 2010, the more than 500 client companies supported by NJBIN incubators:
- Created/retained over 1,800 higher paying jobs.
- Generated revenues of $155 million.
- Brought $91 million in 3rd party funding to New Jersey.
- Graduated 54 self-sustaining companies.