Connecticut Innovations subsidiary selects 12 communities to receive grants to support local strategic planning efforts to develop destinations for entrepreneurs and talent in Connecticut
Rocky Hill, Conn., Oct. 25, 2016 – CTNext, the go-to resource for entrepreneurial support, today announced there are 12 communities that have been awarded planning grants for the Innovation Places program.
The planning grants allow communities to conduct a strategic planning process to better understand the relevant emerging conditions, risks and opportunities they face; to assess the capabilities the community needs; and to plan actions to leverage those capabilities.
The communities that have been selected for planning grant awards, ranging from $24,000 to $50,000, include:
- Hartford/East Hartford
- Northeast Connecticut (includes Tolland, Killingly, Putnam, Mansfield, Windham, Storrs and Willimantic)
- New Britain (includes Farmington and Berlin)
- New Haven
- Thames River (includes New London and Groton)
“These grants intend to support community efforts to build out a plan that will highlight the strengths of each community, assess the needs of entrepreneurs and talent, and create an action plan that will be submitted for additional grant funding through the Innovation Places program,” said Glendowlyn Thames, interim executive director for CTNext.
The next phase of the Innovation Places program is the competitive implementation grant application, which will begin in November 2016, and awardees will be announced in June 2017.
Implementation grants will provide communities with a portion of the funding required to execute the local plan. An amount of $30 million has been earmarked for the Innovation Places program over the next five years to augment private and public investments in programs and infrastructure likely to attract talented people and increase knowledge-sharing that leads to innovation.
To learn more about the Innovation Places program, visit http://ctnext.com/innovation-places/
CTNext is Connecticut’s go-to resource for entrepreneurial support. The goal of the program is to build a more robust community of entrepreneurs and to accelerate startup growth by providing access to talent, space, industry expertise, services, skill development, and capital to foster innovation and create jobs for people in Connecticut. CTNext launched in 2012 and has more than 1,500 members in its network.
About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. For more information on CI, please visit www.ctinnovations.com.