NJTC Venture Fund was founded in 2001 to capitalize on the New Jersey region's potential for developing rapid growth, early stage businesses. Entrepreneurs benefit from NJTC Venture Fund's extended Rolodex of prospective local recruits, customers, media contacts, Board Directors, channel partners and, eventually, acquirers. NJTC Venture Fund offers its "Networked Capital" to portfolio companies through an affiliation with the New Jersey Technology Council, the state's pre-eminent business networking organization with over 1,200 corporate members.

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.