Two coworking spaces, PrimeWork and Incutate, have been approved by the New Jersey Economic Development Authority to offer rent support to startups through its NJ Ignite program, the NJEDA announced Friday.
NJ Ignite, the NJEDA said, supports technology and life sciences startup by moving them to collaborative workspaces and providing rent support to make the lab more affordable.
With the addition of Primework and Incutate, there are now a total of 11 workspaces approved to provide rent support, the NJEDA said.
“Entrepreneurs often face critical decisions about how to spend their capital,” NJEDA CEO Tim Sullivan said. “Through NJ Ignite, we’re helping to alleviate that burden by allowing startups to put their money toward creating jobs, investing in research and development, and commercializing and marketing their products and services. This focus is vital to achieving Governor Murphy’s vision for reclaiming New Jersey’s role as a worldwide leader in innovation.”
Primework, which recently opened its first New Jersey location in Somserset, said it is a “short-term, all-inclusive office space solution where a fledgling company can scale upwards without compromising the proprietary nature of its business.”
Primework also provides its members with furnished offices, flexible lease options, spacious conference rooms, mail service, Wi-Fi, kitchen amenities and more.
“Collaborative workspaces are the wave of the future for startups that don’t want to commit to long-term leases,” Avi Orlansky, PrimeWork founder and CEO, said. “Expanding into New Jersey has enabled us to reach a whole new crop of entrepreneurs and it is our sincere hope that many of them will decide to move to one of our facilities with support of the NJ Ignite program.”
Sewell-based Incutate provides startups and companies a space where they can interact with one another, it said. It was founded in 2011 by the law firm Lauletta Birnbaum as a consulting firm for early-stage companies.
“Our proximity to Rowan University makes us an attractive option for startups launched by the university’s students and alumni who are looking for office space and hands-on mentorship,” Frank A. Lauletta, Lauletta Birnbaum founding member, said. “Thanks to NJ Ignite, even more early-stage companies will be able to benefit from our numerous amenities and programs.”
For more information about the NJ Ignite program or to apply, click here.