Creates grant program for business accelerator and incubator networks; transfers $1 million in societal benefits charge revenues to EDA to administer program.

This bill creates a $1 million grant program administered by New Jersey's Economic Development Authority (EDA) to support business accelerators and incubators. It provides funding for facilities offering low-cost space and technical assistance to early-stage companies in specific tech sectors, including clean energy, life sciences, advanced materials, big data, and food/agriculture. Eligible accelerators/incubators must demonstrate they support businesses in these priority fields, with grants covering operational costs for both the accelerator and the incubating businesses. The program uses $1 million in societal benefits charge revenues transferred to the EDA, as specified in the bill's provisions.