Capital

Access to Capital in Connecticut

In 2017, Connecticut ranked fourth among all states in local capital per venture-backed startups. The following lists some of the more prominent public and private sources of early-stage and startup funding.

CTNext Direct Funding Programs

  • Growth Company Grants – direct grants made to a small number of qualified early-stage companies that have demonstrated the ability to attract investment and have demonstrated high growth potential.
  • Entrepreneur Innovation Awards (EIA) – the state’s oldest and best-known pitch competition, held 2-3 times a year, awarding grants of $10,000 to the company (or companies) that show the greatest promise of success.
  • Entrepreneur Learner’s Permit – a program providing first-time entrepreneurs up to $1,500 in reimbursements for costs incurred by new information technology, biotechnology, or green technology companies.
  • Small Business Innovation Research (SBIR) – CTNext and Connecticut Innovations provide training and consulting to companies applying for SBIR and STTR grants, including conference fees reimbursement and low-cost access to expertise.
  • Technology Talent Bridge – this internship grant program offers up to $25,000 to enable small technology businesses to recruit undergraduate, graduate and postdoctoral students into their organizations

Public Capital and Financing Sources

  • Bridgeport Community Capital Fund
  • Community Economic Development Fund (CEDF)
  • CT Community Investment Corporation (CTCIC)
  • CT Department of Economic and Community Development (DECD)
  • Connecticut Innovations
  • HEDCO
  • seCTer/Southeast CT Economic Region
  • Westport Innovation Hub
  • Waterbury Development Corp.
  • Women’s Business Development Center

Private Capital Resources

  • 1843 Capital – focused on technology and tech-enabled consumer products companies.
  • Angel Investor Forum – Invests in early-stage companies in a broad range of industries, emphasizing companies with a presence in CT, or willing to relocate here.
  • Blue Ivy Ventures – Offers Yale alumni-led companies access to VC investing.
  • Elm Street Ventures – Seed and early-stage venture fund based in New Haven, focused on therapeutics, biosciences and innovative tech.
  • High Cape – Invests in commercial stage life sciences companies.
  • Tsai CITY Funds – For Yale-based student companies.
  • UConn Innovation Fund – Invests in high potential, early-stage growth companies that seek funding to advance towards qualifying for federal or other investment.
  • VC23 – Investing in early-stage companies and management teams with breakthrough technologies, focused on life sciences, bio tech and technology.

For more information about additional capital opportunities, please visit Connecticut Innovations.

Learn more about Connecticut’s Angel Investor Tax Credit program, which gives angel investors an opportunity to receive a tax credit by investing in a qualified Connecticut business.

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