Program helps first-time entrepreneurs with filing, licensing and permitting fees
Rocky Hill, Conn. – July 14, 2016 – CTNext, Connecticut’s go-to resource for entrepreneurial support, today announced the launch of the Entrepreneur Learner’s Permit program, which reimburses first-time entrepreneurs for filing, licensing and permitting fees associated with starting a business.
The program, which was signed into legislation in July 2016, allows owners and executives of qualifying small businesses to receive reimbursement up to $1,500 for fees associated with starting a new company (including state or municipal filings, licensing fees and permitting fees).
“Starting and running a business in its earliest stages can be a massive undertaking,” said Glendowlyn Thames, director of CTNext. “This program does more than cover fees—it is another step Connecticut has taken to create a more active ecosystem and assist entrepreneurs when they need it most.”
First-time entrepreneurs in the information technology, bioscience, and green technology industries can qualify to receive up to $1,500 in reimbursements.
To learn more about the program and to access the application, visit: http://ctnext.com/entrepreneur-learners-permit/.
The Entrepreneur Learner’s Permit legislation sets a funding cap of $500,000 in fiscal years 2017 and 2018, equaling $1 million for reimbursable fees for entrepreneurs in the state.
About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. For more information on CI, visit www.ctinnovations.com.
CTNext is Connecticut’s innovation ecosystem designed to build a more robust community of entrepreneurs and to accelerate early-stage growth by providing access to talent, space, industry expertise, services, skill development, and capital to foster innovation and create jobs in Connecticut. CTNext was launched in 2012 and has worked with more than 1,100 companies. CTNext is a wholly-owned subsidiary of Connecticut Innovations. For more information on CTNext, visit www.ctnext.com.