We know many Connecticut businesses are struggling as they deal with the effects of COVID-19. We appreciate their perseverance and know they share our commitment to keeping our residents healthy. The state, working with its federal partners, has several programs and initiatives in place to assist businesses during this difficult period. For specific questions related to small business, email the Joint Information Center at COVID19.JIC@ct.gov, or call the DECD small business hotline at 860-500-2333. Individuals can call 2-1-1 for more information.

Bioscience Innovation Fund


If you have a bioscience breakthrough with strong commercial potential, you may want to learn more about financial assistance provided by the Connecticut Bioscience Innovation Fund. Administered by Connecticut Innovations, this $200 million-dollar fund seeks to speed commercialization of bioscience breakthroughs by providing focused financial assistance.

Start-ups and early-stage businesses may apply for secured convertible loans or equity. Accredited colleges and universities together with nonprofits (academics) may apply for royalty-bearing grant funding up to $500,000.



Applications are encouraged from an array of different types of organizations working in bioscience, biomedical engineering, health information management, medical care, medical devices, medical diagnostics, pharmaceuticals, personalized medicine or other related disciplines intended to impact human health, including:

  • nonprofit corporations;
  • accredited colleges and universities;
  • for-profit startup;
  • early-stage businesses.

Eligible applicants must be based in Connecticut or willing to move here.

How to Apply

Connect directly to Connecticut Innovations for complete application instructions.