The Enterprise Development Center
The Park is home to the largest concentration of incubator companies in the State of New Jersey. More than 90 companies, engaged in diverse areas of high technology and life sciences and support services are housed in two Enterprise Development Centers largely financed, supported and managed by NJIT. Firms accepted into the incubators are for profit enterprises, have been operating for less than four years, are developing, or possess realistic technology processes or services and have a business plan. These firms/small businesses receive help to develop, launch and commercialize their ideas. Assistance provided includes business plan preparation, marketing exposure, legal assistance, commercialization assistance, funding assistance for loans and equity, and student interns/hiring programs. The incubator companies generate significant revenues and attract third party investment. There are currently approximately 300 full time workers and approximately 200 to 300 students/part time workers.