Through Connecticut Innovations, the state's strategic venture capital arm, there is financing available for innovative, growing companies. In fact, Connecticut Innovations administers a targeted Pre-Seed Fund, which provides up to $150,000 to help early-stage companies grow. More than money, the fund includes mentoring, resources and introductions to powerful connections that can help you turn your idea into a commercially viable business.
Connecticut Innovations seeks to invest in companies that have been operating less than seven years that are:
- based in Connecticut or willing to move here;
- focused on innovations in bioscience, IT, clean tech, photonics and advanced materials;
- employing fewer than 25 people (at least 75% of whom are in Connecticut).
Applicants will also need to meet a 50% match requirement to be eligible for pre-seed funding.
You can learn more about Connecticut's Pre-Seed Fund here.