Connecticut Innovations

Connecticut Innovations describes itself as the venture capital arm of the state of Connecticut. It provides financing and ongoing support to young and growing companies across the state, with investments spanning biotech, information technology, climate technology, artificial intelligence and quantum computing. Beyond capital, it offers founders access to its network of business contacts and experienced staff.

What Connecticut Innovations does

• Venture investment: equity funding for early-stage and growth companies at different stages of development.
• Lending and grants: lending products and grant offerings alongside its venture funding.
• Themed funds: dedicated funds for climate technology, bioscience, diverse founders and AI and quantum ventures.
• Angel Investor Tax Credit Program: a state programme encouraging private angel investment.
• Founder support: introductions, business experience and partnership connections for portfolio companies.

Customers and markets

It backs companies based in Connecticut, from early-stage startups in biotech and IT to growth firms and venture funds.

Key facts

• Based in: Connecticut, US
• Programmes: ClimateTech Fund, Future Fund, Connecticut Bioscience Innovation Fund and the AI/Q Fund
• Events: runs VentureClash and an annual talent fair in New Haven