nj-economic-development-authority-board-meeting-agenda-august-18-2025_d71.pdf
Plug & Play Selected to Administer $3.8M AI Challenge
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Description
NJEDA selected Plug & Play LLC as the sole Administrator for the AI Innovation Challenge Administration Grant Program, awarding $3.8 million. Over one year, Plug & Play will run the AI Challenge and manage sub-grant awards to winning companies.
Contract Details
Contract Amount
$3.8 million
Vendor
PLUG & PLAY LLC
Agency
NJ Economic Development Authority, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
August 18, 2025
Contract Term
One-year AI Challenge administration period
Renewal Info
If Plug & Play fails to execute the grant agreement, the CEO is delegated authority to award the grant to the next highest scoring Administrator Applicant.
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