Travelers and Connecticut Innovations Announce Insurtech Innovation Prize for VentureClash Competitors

ROCKY HILL, Conn., June 15, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for innovative, growing companies, today announced that Travelers, the Hartford-based provider of property casualty insurance for auto, home and business, will offer an Innovation Prize to VentureClash competitors developing solutions and pursuing market opportunities in insurtech. …

Connecticut Innovations Invests $10.4 Million in Q3 2018

Rocky Hill, Conn. – June 15, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that it invested $10.4 million in 38 investment transactions during the three months ending March 31, 2018.  The investments leveraged an additional $78.3 million in outside capital. Of …

Connecticut Innovations Selects Paygilant as Early-Decision Awardee for VentureClash 2018

ROCKY HILL, Conn., June 13, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for innovative, growing companies, announced that Paygilant, an Israel-based fraud protection company for mobile payments, has been selected as the recipient of the early-decision award for VentureClash 2018. The inaugural award allows Paygilant to move directly …

Tom Scott, Co-Founder and CEO of The Nantucket Project and Founder of Nantucket Nectars, to Serve as Keynote Speaker at VentureClash Finals Event

ROCKY HILL, Conn., June 7, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that Tom Scott, an award-winning entrepreneur and co-founder and CEO of Nantucket Nectars and The Nantucket Project, will be the keynote speaker at the VentureClash finals event, to be …

VentureClash Announces Winners of Lagos Pitch Event

ROCKY HILL, Conn., May 31, 2018 – Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced the winners of VentureClash’s pitch event in Lagos. VentureClash, Connecticut’s global venture challenge, has expanded its reach to Africa in its third year. The two-day tech fair invited promising companies from Africa to compete for a semifinalist …

How the 2017 Tax Reform Could Impact Startups

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (H.R.1) into law. The law contains numerous changes that will affect essentially all individuals and businesses. Broadly speaking, it includes sweeping modifications to the Internal Revenue Code, reductions to both individual and corporate tax rates, and a number of changes to allowable credits and deductions. While the …

What Theranos taught investors about commercialization in health care

Matthew McCooe’s piece deconstructs the effects of the Theranos fallout, translating what is easily viewed as an obstacle into a horizon of opportunity for investors. The lesson here points to the need to find better ways to protect investment bets, and in bioscience, research reproducibility is key. By exemplifying the critical importance of research verification, Matthew offers specific bioscience investment …

Connecticut Innovations and Stanley Black & Decker Join Forces to Scan the Globe for Early-Stage Security and Industry 4.0 Companies

ROCKY HILL, Conn., April 16, 2018 – Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, announced it has teamed with Stanley Black & Decker, the New Britain–based manufacturer of tools and hardware, to offer an Innovation Prize to VentureClash competitors focused on market opportunities in the areas of security and Industry 4.0, …

2018 Outlook for Startups: Money Talks from the CI Bench

By Matthew McCooe, Chief Executive Officer After two decades of steady progress, Connecticut has emerged near the top of the list of desirable locations for startups. According to a new report from the financial website WalletHub, Connecticut is the nation’s 13th most innovative state in the country, outranking New York (22nd), Texas (14th) and Florida (19th). The linchpins of this evolution …

Connecticut Innovations Invests $9.4 Million

Rocky Hill, Conn. – March 19, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced that it invested $9.4 million through 43 investment transactions during the three months ending December 31, 2017.   The transactions leveraged an additional $29.4 million of investments in …