NJEDA, RWJBarnabas Health back Portal Innovations fund with $10M for life sciences startups
What's the deal? The New Jersey Economic Development Authority (NJEDA)Dealroom has a profile for this one. Try Dealroom → approved up to $5 million for the New Jersey Innovation Hub Fund, managed by Portal InnovationsDealroom has a profile for this one. Try Dealroom →. The commitment is matched by an up to $5 million commitment from RWJBarnabas HealthDealroom has a profile for this one. Try Dealroom →, creating up to $10 million for New Jersey life sciences startups focused on drug discovery and translational medicine.
The setting. The fund will support companies based at the New Jersey Innovation Hub within the HELIX Strategic Innovation Center in New Brunswick, which provides workspaces, laboratories and support services for participating startups.
Why now? The public-private commitment is intended to expand access to capital, support entrepreneurs and connect life sciences research with patient care in New Jersey.
Read more: New Jersey Economic Development Authority
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