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 …

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 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 …

Expert Advice on Successful Pitching

Tech Industry Guru Tim Armstrong Shares His Wisdom at VentureClash 2017 One of the highlights of the VentureClash 2017 live pitch competition was a fireside chat with Oath CEO Tim Armstrong moderated by WNPR business reporter Harriet Jones. To a captivated audience of entrepreneurs, investors and industry veterans, Tim delivered down-to-earth guidance on how to craft winning pitches and what …

The Importance of Legal Entity Structure for Startups

Two keys to success in almost any entrepreneurial venture are preparedness and adaptability. When you are bold enough to start a company based on your own unique vision, there are many challenges and issues to consider. But what should not get lost in the ether is choosing the proper type of business entity for your company. Your legal entity structure …

Cybersecurity Imperatives for Startups

Cybersecurity Imperatives for Startups Incidents of cyberattacks and malicious hacking seem to be dominating the news cycle of late, but computer system crimes have been increasing since the late 1980s. Many of the early occurrences were not meant to be harmful—skilled young programmers, often on a lark, sought to challenge the defenses of cyberspace. Today’s attacks, however, have been far …