Business Assistance for Technology Entrepreneurs

Pre-Seed Fund (New)

The State of Connecticut recently passed Public Act 10-75 ”An Act Concerning the Recommendations of the Majority Leaders’ Job Growth Roundtable.” The Act directed Connecticut Innovations to establish a new pre-seed financing program for early- stage Connecticut technology ventures. This new program, the Pre-Seed Fund, will replace CI’s Pre-Seed Support Services Program.

Financing will be made available for development of proof of concepts, support services and other specified assistance. Technology businesses must:

• be principally located in Connecticut;
  
  
• have not less than seventy-five per cent of their employees working in Connecticut; and
  
  
• demonstrate private investment dollars of not less than fifty cents for every dollar of financial assistance sought from the program.
  

Under the new Pre-Seed Fund, CI is broadening its objectives to include opportunities that will have the potential to create viable technology businesses with local jobs but in areas that may not currently fit CI’s other investment funds. The Pre-Seed Fund supports Connecticut Innovations’ mission to assist the entrepreneurial community by making risk capital investments in people, technologies and emerging companies.

CTech

CTech is the State of Connecticut’s premier technology incubator program. Launched in 2008, CTech hastens the growth of innovative, early-stage technology companies by creating a community in which the entrepreneur can succeed. CTech incubators provide turnkey office solutions and house start-up technology companies providing favorable market rents and access to broad networks of resources, including other entrepreneurs, investors, business advisors and technologists. Today, CTech incubators can be found in New Haven, Bridgeport and Farmington, Connecticut.

Click here to visit the CTech website.