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 …

Connecticut’s $5 Million Global Venture Challenge Opens Applications to Early-Stage Companies

ROCKY HILL, Conn., March 1, 2018 – Connecticut Innovations (CI), Connecticut’s strategic venture capital arm and one of the leading sources of financing and ongoing support for innovative, growing companies on the east coast, today announced the launch of the application period for VentureClash. VentureClash is Connecticut’s $5 million global venture challenge for early-stage digital health, financial technology, insurance technology …

Connecticut has become a prime location for innovative start ups

If you are not a well-known coastal innovation hub, creating a culture of entrepreneurship and attracting tech investment can be a challenge. However, even for a state like Connecticut—known just 20 years ago as a crime-ridden, economic punchline—becoming a desirable haven of tech innovation is possible. In fact, with the right development of a supportive ecosystem, startup entrepreneurship can breed …

How to Win the VentureClash Competition

Perspectives from the 2017 Winners If your early-stage technology company is already successful but you see even greater potential though expansion into the United States market, then the CI VentureClash competition could be your way in. Since Connecticut Innovations began its annual global venture challenge in 2016, 12 companies from eight countries have won investment awards ranging from $500,000 to …

Remembering That Diversity Drives Excellence

MLK Holiday Reflections Matthew McCooe, Chief Executive Officer Given the amount of uncivil discourse in society at this moment, I think Monday’s holiday is more important than ever.  It is well understood that diversity in populations and in organizations drives excellence. Creative sparks fly when people with different backgrounds and life experiences work closely together. In fact, broadening diversity in our portfolio …

CI’s Venture Team Holiday Wish List

In the past year, Connecticut Innovations’ Venture Team had record investment activity, strong returns from its investments, and many portfolio companies on the “nice” list! For the coming year, CI compiled a wish list of recommendations for its portfolio companies that want to stay on the “nice” list in 2018: