For technology-based and life-science startups in New Jersey, these are two major benefits of locating at the EDC — the Enterprise Development Center—operated by New Jersey Institute of Technology (NJIT), one of the nation’s preeminent technological research universities.

The EDC is located on the NJIT campus in Newark’s Innovation Zone and University Heights Science Park, convenient to New Jersey’s largest transportation hub. Since 1988, the EDC has helped entrepreneurs rapidly commercialize promising concepts and reduce start-up risks, while greatly increasing their chances of success.

The EDC is New Jersey’s oldest and largest incubator for technology-based and life-science companies, having graduated over 70 successful businesses. The EDC provides office and lab space, financial assistance, business and technical services, and the shared business acumen of the center’s management staff.

EDC Participation is open to early-stage companies that have, or will have, a proprietary technology as a significant source of revenue. The nearly 70 companies currently in residence at the EDC employ over 285 people. They have attracted more than $23 million in third-party funding and in 2005 had revenues surpassing $38 million.

When you join the EDC, you become a part of Newark's rich commercial and technological history and its present day economic revival.