Future Fund

Understanding the
Future Fund

Connecticut is looking to invest in new and diverse ideas, people and industries in Connecticut through its $50 million Future Fund. Each year, to help cement Connecticut’s reputation as a tech hub where diverse talent thrives, we will select early-stage companies for investments of $250,000 to $1 million each; funded companies will also receive strategic support from our experienced team. The fund is industry agnostic, but diversity at the board and executive level is crucial.

Our values

Intuitive understanding.
We believe the best founders have an authentic connection to the problem they are solving and a deep understanding of the community they are building for, so they are poised to win right from the start.

Focused and formidable.
We look for founders we can’t hold back, founders who can’t imagine doing anything else. You’ll need a singular product focus, ruthless execution, resilience and the ability to do a lot with a little.

By the Numbers

Only 8% of VC funded startup founders are women

Only 1% of VC funded startup founders are Black

0.4% of VC funded startup founders are Latinx

Snapshot of Common Characteristics

CI seeks companies led by CEOs whose resilience, creativity and resourcefulness will lead to outsized returns. While the fund will invest in early-stage companies of all types, diversity at the board and executive level is mandatory. Preference will be given to disruptive and high-performing early-stage companies that have high growth potential.

Other investment criteria include:

Company stage

We’re looking for early-stage companies that are looking to accelerate their growth, test their innovations, build minimum viable products or run customer pilots. Both first-time founders and seasoned entrepreneurs are welcome.

Capital raised

To ensure that outside capital is leveraged, co-investment will be required, either at the time of funding or shortly thereafter. Companies that join the portfolio will also have access to other investors who make it their mission to champion diversity.

Focus on innovation

CI’s investment criteria have been honed over decades to help us select companies with the highest potential for outsized returns. As such, we prioritize companies that are developing a technology that is unique and difficult to copy due to patents, design or go-to-market strategy.


Co-investment is required.

Primary location

To be considered for the Future Fund, companies must have and maintain a presence in Connecticut.

Funding amount

From $250,000 to $1.5 million per company. Follow-on funding is available through the Future Fund.

Alison Malloy, Fund Manager

Alison is responsible for sourcing and evaluating investment opportunities, structuring investment terms and accelerating portfolio companies through active board participation. Since joining Connecticut Innovations in 2017, Alison has led investments in Intellihealth, LookOptic, NourishedRX, Oova, Invixium, Voiceitt, Lessonbee and 1906. Alison has a strong background in financial management, sales, strategy and capital raising. She is the co-founder of Connecticut’s women investor network, Tidal River, and serves as a regular speaker, judge and member at several entrepreneur organizations, including Golden Seeds, Angel Investor Forum, Ladies Who Lead, UConn and Springboard Enterprises.

“The Future Fund will support the most promising companies with access to capital, the Connecticut Innovations’ network, and the operational resources that it takes to succeed in today’s market.”

Alison contributes to CII’s expertise in tech with more than 20 years in the industry. Alison was the CEO and co-founder of Design2Launch (D2L), a leading Connecticut-based tech startup in workflow collaboration for the pharma industry, with two successful exits, to Eastman Kodak Company in 2008 and Danaher in 2018. Alison started her investing career at the Slovak American Enterprise Fund in Slovakia. She was the managing director and partner at Trimodia, where she invested in and created a portfolio of startup companies. She worked for GE Capital and General Electric and graduated from GE Capital’s business financial management program. She was the chief financial officer of the NBC Retail Experience Store in NYC and integrated the acquisition of the Mexican bank Banco Alianza with GE Capital Mexico.

Alison was trained in process reengineering through GE’s Six Sigma program and led a management consulting practice for Arthur Andersen Management Consulting.  Alison graduated from Boston College.

If you are interested in having CI review your pitch deck/business plan or executive summary, please fill out the form below. If you have already submitted to another fund on our page, please do not upload again. Companies are considered for all funding opportunities at the time of review.

If the company is not in Connecticut are you willing to relocate to the state?
Companies not currently in Connecticut must be willing to expand or relocate to be eligible.
Address Your Company is Located(Required)
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If you have additional questions, please contact Tamyra Davis at Tamyra.Davis@ctinnovations.com.

Other Resources

CI administers the state’s Angel Investor Tax Credit Program, which gives angel investors a credit against Connecticut state income tax when they invest in qualifying businesses. If you qualify, your business will be listed on our website so that angel investors who are looking to invest can find your company. Learn more.

Seasoned entrepreneurs and investors Annie Lamont and Alison Malloy, both longtime Connecticut residents, founded Tidal River after noticing that, despite myriad attractive investment opportunities in Connecticut, women investors haven’t participated in many deals here. Learn more about Tidal River, an angel investor network for women.

Contact Us

Tamyra Davis