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 and Internet of Things companies.
“This is our third year of VentureClash, and we expect more high-quality companies as well as additional corporate partners in our industry verticals,” said Matt McCooe, CEO of Connecticut Innovations. “VentureClash and CI are helping incredible companies grow and succeed here in Connecticut. As one example, Dream Payments, the 2016 top winner of VentureClash, has gone on to raise two rounds of funding for more than $10 million. Dream has since launched in the United States, won major banks and insurance companies as customers, and announced partnerships with major credit and payments companies.”
For more information on qualifications, requirements, guidelines and application, visit www.ventureclash.com.
Managed by Connecticut Innovations, VentureClash is Connecticut’s global venture challenge focused on early-stage companies. The challenge, launched in 2016, identifies high-potential companies in digital health, fintech, insurtech and Internet of Things that will compete for investments from a $5 million award pool. For more information, visit www.ventureclash.com.
About Connecticut Innovations
Connecticut Innovations (CI) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. CI provides venture capital and strategic support for early-stage technology companies, financial support for innovation and collaboration, and connections to its well-established network of partners and professionals. For more information, please visit www.ctinnovations.com.
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