Connecticut Innovations
Corporate VC · New Haven (United States)
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About
Connecticut Innovations, Incorporated is a strategic venture capital arm specializing in fund of funds, pre-seed, seed, start-up, Pre-Series A, emerging growth, mezzanine, early stage (Series A), and growth capital investments. The firm also provides equity, loan, grants, debt, and bond financing and investments in high tech industries. It provides loans for permanent working capital, commercial real estate loans, and equipment loans. The firm seeks to make quasi- public investments and does not make equity investments in service companies. It seeks to invest in nonprofit organizations, colleges and university and business research collaborations; bioscience start-ups; biotech companies in need of lab and office space; state residents, businesses, towns, cities, and organizations interested in clean energy use and development; and stem cell research, through the State Department of Public Heath Stem Cell Research Program. It seeks to invest in climatetech, consumer, healthcare, information technology; bioscience including pharmaceuticals, protein and genome sequence products, engineering services, gene research and development, genomics, molecular science, biomedical engineering, advanced manufacturing, and medical devices; life sciences; biotechnology; clean technology; engineering; energy and environmental systems; advanced materials; photonics and applied optics; energy equipments and services; renewable energy generation technologies including wind power, wave, solar power, biomass, hydropower, hydroelectric power generation by fossil fuels, bio-fuels, low impact hydropower, landfill gas, solar PV, ocean thermal energy conversion devices, fuel cells, landfill gas, renewable fuels; energy efficiency technologies including solar thermal day-lighting or high efficiency lighting, advanced motor technologies, geothermal systems, advanced energy storage technologies, load management technologies, grid power management systems; environmental remediation technologies including emissions control systems, microbial / algal water cleanup systems, hazardous waste remediation; and clean water technologies including UV/filtration for potable water, advanced waste water treatment technology, and water management technology; Information Technology; green transportation; electric motors; and lighting. The firm may also invest in a diverse range of products, services, and processes that harness renewable materials and energy sources, dramatically reduce or optimize the use of natural resources, and cut or eliminate emissions and wastes. It prefers to invest in companies based in the Connecticut. The firm seeks to make equity investment between $0.02 million and $7 million in companies. It offers loans of up to $5 million. The firm seeks to invest in companies with maximum debt values of $5 million. It focuses on companies with revenues up to $2 million. The firm tends to lead a majority of the investments but prefers to invest alongside other qualified investors. It seeks to partner with other venture capital funds, angel investors, Connecticut banks, large businesses, government, industries, and universities. The firm also provides loans to distressed companies. Connecticut Innovations, Incorporated was founded in 1989 and is based in New Haven, Connecticut with additional office in Hartford, Connecticut and Stamford, Connecticut.
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