New UConn Innovation Fund Provides Business Startups with Important Early-Stage Financial Support
The University of Connecticut in partnership with Connecticut Innovations (CI) and Webster Bank today announced it is establishing a $1.5 million UConn Innovation Fund that will provide early-stage financial support to new business startups affiliated with UConn. Investments of up to $100,000 are available to any student, faculty member, or alumnus of the university […]
Connecticut Senate Approves CTNext In Effort To Boost Startup Companies, support UCONN
It could be years before results are visible, but Connecticut made the first significant move Thursday to extend state government’s role in promoting startup firms and early-stage business ventures. The Senate approved a $19.7 billion state budget that includes a provision broadening the work of CTNext, a subsidiary of Connecticticut Innovations, the state’s venture capital […]
Yale Endowment’s Venture Funds Hit Home Run
Yale’s aggressiveness in allocations to venture funds as a larger share of endowment investment portfolio appears to be paying off with returns from such companies as Uber and Airbnb. Over the past 20 years, this portfolio has earned 92.7% per annum and an 18% annualized return over the past 10 years. ————————- Yale University provided […]
Yale, UConn Get $10 Million To Spur Biotech Ventures – Hartford Courant
Yale and UConn are collaborating to launch a new initiative to spur the creation of biotechnology companies in Connecticut. With a $10 million grant from Connecticut’s Bioscience Innovation Fund, the new effort will be called Program in Innovative Therapeutics for Connecticut’s Health or “PITCH” and will be created by the Yale Center for Molecular Discovery […]
Connecticut Innovations’ Regenerative Medicine Research Fund Awards $11 Million for Scientific Research
ROCKY HILL, Conn., June 11, 2015 – BioInnovation Connecticut, managed by Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that the Regenerative Medicine Research Fund (RMRF) has awarded $11 million to scientists who are conducting biomedical, embryonic or human adult stem cell research. The fund, […]
Connecticut Bioscience Innovation Fund award $954,000 to MS test, cancer treatment
The state’s technology investment agency has invested nearly $1 million into a pair of university-based biotechnology research projects, including one at Yale, in an effort to speed their commercialization. Officials with Connecticut Innovations said Tuesday that the Connecticut Bioscience Innovation Fund (CBIF), which the agency manages, awarded $954,000 to the projects following a competitive review […]
UConn’s ‘hearty startup’ gains attention, funding
When he enrolled in UConn’s biomedical engineering graduate program in 2005, Eric Sirois wasn’t thinking about a career in business. But an entrepreneurship class that helped him better understand how to commercialize the heart valve implant he’d been developing changed that. These days, Sirois, CEO of Dura Biotech, a startup participating in UConn’s Technology Incubation […]
Connecticut Innovations Distributing Nearly $2M to University Researchers, Companies
The first grants and loans in the $200 million state Bioscience Fund have been awarded by Connecticut Innovations, the state-funded venture capital agency.
Yale Biotech Startup Wins $100K From Yale Entrepreneur Institute Innovation Fund
The startup IsoPlexis received $100,000 from the YEI Innovation Fund—the second investment by the fund which was created in September 2013 by Yale University, Connecticut Innovations and First Niagara Bank to provide early-stage funding to promising ventures that have participated in a program at the Yale Entrepreneurial Institute (YEI). IsoPlexis is developing a single cell immunoassay and software […]
Yale launches new $2.5M YEI Innovation Fund
Yale students and recent students have launched many companies in recent years, from potential game-changers such as forest-monitoring software developer SilviaTerra and Higher One, the financial services firm for college students, to the distinctly urban cardboard furniture maker, Chairigami. Now Yale is taking a step to speed up the startups, creating a $2.5 million venture […]