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CSIT-backed N.J. startups raise $524M, create nearly 1,800 jobs

Source: ROI-NJ · Jul 20, 2026, 11:54 AM

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CSIT-backed N.J. startups raise $524M, create nearly 1,800 jobs news image

New Jersey startups supported by the Commission on Science, Innovation and Technology have raised over $524 million in follow-on funding and created nearly 1,800 jobs since 2020, according to an economic impact assessment from CSIT and the New Jersey Economic Development Authority.

The analysis reveals that CSIT-backed companies have leveraged 548 grants to fuel growth and job creation across the state's innovation sector.

Key points

  • CSIT-supported startups raised $524M in follow-on funding since 2020
  • Nearly 1,800 jobs created by CSIT-backed companies
  • Assessment demonstrates impact of state innovation and technology programs
  • CSIT grants used by startups to drive economic growth and employment

FAQ

What is CSIT and what role does it play in New Jersey startups?
The Commission on Science, Innovation and Technology (CSIT) is a New Jersey state agency that supports startup companies through grants and programs designed to foster innovation and economic growth in the state's technology sector.
How many jobs have CSIT-backed startups created?
According to the recent economic impact assessment, CSIT-supported startups have created nearly 1,800 jobs since 2020.
How much funding have these startups raised?
CSIT-backed startups have raised more than $524 million in follow-on funding since 2020.

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