Connecticut Innovations

Connecticut Innovations (CI) is Connecticut's strategic venture capital arm, dedicated to fostering innovation and supporting the growth of emerging companies within the state. Established in 1995, CI has become a pivotal force in Connecticut's entrepreneurial ecosystem.

It offers a comprehensive suite of services designed to propel startups and established businesses toward success.

Investment and Financial Support

CI provides flexible financing solutions tailored to each stage of a company's development. Their investment portfolio spans various sectors, including biotechnology, information technology, energy, and photonics.

In the fiscal year 2023, CI invested over $42 million in 71 companies, attracting an additional $454.5 million in outside capital.

This substantial investment underscores CI's commitment to fueling innovation and economic growth within Connecticut.

Strategic Guidance and Support

Beyond financial backing, CI offers strategic guidance to its portfolio companies. This support encompasses talent acquisition, assisting in the recruitment of key hires, including full-time employees, executives in residence, and interns from Connecticut's colleges and universities.

By leveraging its extensive network, CI facilitates valuable partnerships and collaborations, enhancing the operational capabilities and market reach of the businesses it supports.

Specialized Funds and Initiatives

Recognizing the diverse needs of Connecticut's business landscape, CI has established specialized funds to address specific industry challenges:

• ClimateTech Fund: A $100 million commitment supporting emerging companies in climate technology, aiming to create high-paying jobs and assist the state in achieving decarbonization goals.
• Future Fund: Launched with $50 million, targeting diverse companies with growth potential, providing investments ranging from $250,000 to $1.5 million. It seeks to increase investment in startups led by underrepresented groups including women, Black, Indigenous, people of color, LGBTQ individuals, veterans, and the disabled.

Impact and Achievements

Over the years, CI has played a crucial role in advancing Connecticut's economy. Its investments have attracted over $1 billion in additional private equity, contributing more than $510 million in Gross State Profit and generating over 5,000 job-years.

Headquarters and Contact Information

CI's headquarters are located in Bridgeport, CT, USA.

• Address: 470 James Street, Suite 8, New Haven, Connecticut 06513
• Phone: 860.258.7858
• Email: [email protected]

Through its strategic investments, specialized funds, and unwavering support, Connecticut Innovations continues to be a cornerstone in nurturing the state's innovative spirit and economic vitality.