NOTICE: 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. For the most updated information, check ct.gov/coronavirus.com

Pre-Seed Financing

Overview

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.


Eligibility

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.

Additional Information

You can learn more about Connecticut's Pre-Seed Fund here.