NJTC Venture Fund was founded in 2001 to capitalize on the New Jersey region's potential for developing rapid growth, early stage businesses. In July 2003, the Fund was licensed as a Small Business Investment Corporation (SBIC) by the US Small Business Administration (SBA) and expanded its assets under management to $80 million. The Fund completed 33 portfolio investments during its active investment period. Today the Fund provides on-going support for existing portfolio investments. No new investments will be made.