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Connecticut Innovations Issues $5M Round

November 18, 2013

Connecticut Innovations (CI) made its first round of awards of CTNext’s competitive proposal process that worked to identify and provide funding to creative projects to help expand Connecticut’s entrepreneurial network.

CTNext, Connecticut’s innovation ecosystem that was established by Governor Malloy and private-sector leaders in October 2012, will award $5 million over the next year to more than 20 individuals and organizations that demonstrated market demand, documented past successes, included a clear set of prioritized objectives, gained the support of entrepreneurs, and provided an explanation of how they would become sustainable over time.

“In its first year of execution, CTNext has proven a valuable resource to entrepreneurs,” said Claire Leonardi, CEO of Connecticut Innovations. “As the ecosystem continues to evolve, we would like to offer entrepreneurs a broader range of resources tailored to their needs. These resources will help them grow and scale their businesses by providing them with access to talent, industry expertise, services co-working spaces and a growing, vibrant entrepreneurial community.”

A sampling of projects that will receive funding includes Bridgeport’s first co-working space; a work and incubation space in New Haven; an invention and entrepreneurship program for young children; resources specifically focused on veteran entrepreneurs; an entrepreneur-led workspace in Danbury; and an additive manufacturing innovation center in Storrs.

“We have selected a number of projects that have already demonstrated significant progress over the last year,” said Leonardi. “There are also a number of new projects that will involve cultivating young talent, creating collaborative workspaces and contributing to the economic growth in a particular area of the state.”

In addition to the initially-approved projects, CI will continue to evaluate and assess additional projects submitted through a formal proposal process for possible funding in the future.

The complete list of individuals and organizations selected to receive funding during the first round includes:

  • Executives in Residence/Growth Advisors (4), Statewide
  • CURE: Bioscience Clubhouse, Statewide
  • Business Council of Fairfield County (BCFC)
  • New Haven Economic Development Corp: The Grid
  • The Grove Studios, New Haven
  • Independent Software, New Haven
  • reSET, Hartford
  • The Grove Collaborative, New Haven
  • Stamford Innovation Center, Stamford
  • SECT Tech, UConn/Southeast Connecticut
  • SeeClickFix
  • Stamford Innovation Center
  • University of New Haven: iDevices
  • B:Hive, Bridgeport
  • UConn School of Engineering, Storrs
  • Combat2Career, Statewide
  • Danbury Hackerspace, Danbury
  • Additive Manufacturing Innovation Center at UConn, Storrs
  • Connecticut Invention Convention, Statewide
  • Connecticut Technology Council/Connecticut Conference of Independent Colleges Skills Challenge, Statewide

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