Tech Council Ventures

Tech Council Ventures, founded in 2000 and based in Summit, New Jersey, focuses on early-stage venture capital investments across the United States. Formerly known as NJTC Venture Fund, the firm targets seed, series A, and expansion stage investments in sectors such as advanced materials, energy, information technology, and healthcare. By partnering with entrepreneurs, Tech Council Ventures aims to build innovative businesses that not only deliver strong returns for investors but also contribute to economic growth in the community. The firm operates as a Registered Investment Adviser, managing a venture capital fund dedicated to fostering the development of promising startups.

Joseph A. Allegra

Director

Jim Gunton

Managing Partner and Founder

James Gunton

Founder & Managing Partner

Mark Kolb

Partner

Stephen Socolof

Managing Partner

Past deals in New Jersey

Princeton Identity

Venture Round in 2019
Princeton Identity Inc. specializes in biometric identity management, focusing on the manufacturing of biometric equipment such as iris and face recognition devices. The company develops advanced access control security systems and identification solutions, complemented by a software platform that facilitates identity management through an intuitive interface. This platform supports multimodal and multifactor biometric identification, including iris recognition and PIN verification. Established in 2016 and based in Hamilton, New Jersey, with an additional office in Dubai, Princeton Identity emerged as an independent venture after spinning off from SRI International. The company's technology aims to enhance security accuracy, reliability, and convenience for businesses and organizations worldwide.