Qualified Connecticut Businesses

Per legislation, cannabis-related businesses are no longer eligible to participate in the Angel Investor Tax Credit Program.

Financial Status

Gross revenues of under $1 million in the most recent income year.

Workforce Requirement

Fewer than 25 employees (including shareholders, members or partners active in company operations).

Company History

Companies that have operated in Connecticut for less than seven consecutive years.

Primary Location

Companies with at least 75 percent of employees who are Connecticut residents.

Additional Support

Companies that have received less than $2 million in eligible investments from angel investors.

Industry Classification

All industry verticals qualify for any Connecticut business.

  • The application process involves three steps:

    Step 1 (to be performed by the Qualified Connecticut Business Applicant)

    Submit the Qualified Connecticut Business Application through the application portal.

    Qualified Connecticut Business Application
  • Step 2

    Connecticut Innovations will review the application for completeness and program criteria.

  • Step 3

    Connecticut Innovations will email the QCB within 15 business days regarding the application status.

    A business that is approved as a QCB will receive an email confirmation and will be posted on the Qualified Connecticut Business List, located below, which publishes:

    • Company name, location and contact information
      • Business activity
      • Amount of the investment you’re seeking
      • The type of qualified security you’ll issue investors

    A business that is not approved as a QCB will receive an email outlining the reasons it did not meet the program criteria.

Investment / Tax Credit
$25,000 / $6,250
$50,000 / $12,500
$100,000 / $25,000
$250,000 / $62,500
$500,000 / $125,000
$1,000,000 / $250,000
$1,500,000 / $375,000
$2,000,000 / $500,000

Angel Investor Tax Credit Program For Investors

Allows angels an opportunity to receive a tax credit by investing in a qualified Connecticut business.

Investors

Qualified Connecticut Business List

Affinity Esports Group, LLC
Contact:
Mark Kilpatrick
mark@affinityesports.gg
203-290-1656
Business Activity: Gaming and Electronic Sports
Investment Sought: $350,000
Minimum Investment: $25,000
Maximum_investment: $350,000
Type of Qualified Security: General Partnership Interest
American Metal, LLC
Contact:
Christopher T. Bishop
cbishop@americanmotorcar.com
866-566-6867
Business Activity: Handcrafted Luxury Items
Investment Sought: $80,000
Minimum Investment: $24,999
Maximum_investment: $80,000
Type of Qualified Security: Limited Partnership Interest
AMPA Biosciences, Inc.
Contact:
Hong Li
hong.li@ampabiosciences.com
203-645-5196
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Partnership InterestPrefererd Stock
Arcato Laboratories, Inc.
Contact:
Jeffrey Miller
jeff@arcatolabs.com
203-450-0163
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockEquity
Artelis Biopharma, LLC
Contact:
Rebecca Frey, Executive Chair
rfrey@artelis.bio
2034155722
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Preferred Stock
Arthronyx
Contact:
Cato Laurencin
ti.laurencin@gmail.com
8605156421
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $250,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Partnership InterestPrefererd Stock
Aventail Therapeutics, Inc
Contact:
Samir Gautam
samir@aventailtx.com
203-928-9341
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Convertible Note
CapeHaven Holding Company, LLC
Contact:
Kevin Rakin
Kevin.Rakin@HighCape.com
203-435-2255
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Prefererd Stock
CellsBin Inc
Contact:
Nima Sarshar
nima@cellsbin.com
4084122546
Business Activity: Bioscience
Investment Sought: $300,000
Minimum Investment: $25,000
Maximum_investment: $300,000
Type of Qualified Security: Prefererd Stock
Connecticut 1063, LLC
Contact:
Nancy Rizkallah, CFO
nancy@swanston.org
312-404-3867
Business Activity: MLS Next Pro Sports Team
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,998
Type of Qualified Security: Prefererd Stock
Connecticut Sports Group, LLC
Contact:
Nancy Rizkallah, CFO
nancy@swanston.org
3124043867
Business Activity: MLS Next Pro Sports Team
Investment Sought: $2,000,000
Minimum Investment: $24,999
Maximum_investment: $2,000,000
Type of Qualified Security: Prefererd Stock
CT Restore, LLC
Contact:
Felicia Sale
fsale@restore.com
917-371-5199
Business Activity: Other
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Limited Liability Partnership
Dragonfly Insurance Inc.
Contact:
Matthew Granade, CEO
matthew@dragonflyinsurance.co
203-722-4773
Business Activity: Information Technology
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: SAFE
Evergreen Interactive Programming Inc.
Contact:
Gabriel Corredor
gabriel.corredor@withevergreen.com
607-351-9177
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common Stock
Excellerant, Inc.
Contact:
John Carpenter
John.carpenter@excellerant-mfg.com
860-870-5544
Business Activity: Information Technology
Investment Sought: $800,000
Minimum Investment: $25,000
Maximum_investment: $800,000
Type of Qualified Security: Common Stock
FlowID CT Inc
Contact:
Richard Hires
richard.hires@flowid.me
952-826-9634
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
Gen7 Labs, Inc.
Contact:
Sam Park
sam.park@gen7labs.ai
8888312965
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: SAFE
Greenwich Brewing Company, LLC
Contact:
Kent Kolbig
info@greenwichbrewco.com
203-648-2979
Business Activity: Food and Beverage Manufacturer
Investment Sought: $320,000
Minimum Investment: $25,000
Maximum_investment: $319,995
Type of Qualified Security: LLC Units
GridIron1880, LLC
Contact:
Rob Thompson
rob@gridiron1880.com
5188671117
Business Activity: Information Technology
Investment Sought: $110,000
Minimum Investment: $25,000
Maximum_investment: $110,000
Type of Qualified Security: Limited Partnership Interest
Growler Power, LLC
Contact:
Rob Zielonka
rob.zielonka@growlerpower.com
413-219-3378
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible NoteSAFE
Hero LifeCare Inc.
Contact:
Greg Imbruce
greg@herolifecare.com
2035163350
Business Activity: Information Technology
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,999
Type of Qualified Security: Common StockConvertible DebtPrefererd Stock
Jointco CT LLC
Contact:
Kristin Dolan, Vice President
KRISTIN.DOLAN@HURLEYGROUP.NET
2038486474
Business Activity: Cannabis producer
Investment Sought: $1,600,000
Minimum Investment: $25,000
Maximum_investment: $1,600,000
Type of Qualified Security: General Partnership Interest
Kapis Biosciences, LLC
Contact:
St. John McGrath
dmcgrath@kapisbio.com
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,999
Type of Qualified Security: SAFE
Karsa Inc.
Contact:
Timothy Roy
TAR@Karsa.yoga
9178280066
Business Activity: Wellness Technology
Investment Sought: $1,100,000
Minimum Investment: $25,000
Maximum_investment: $1,100,000
Type of Qualified Security: Common StockPreferred Stock
Lending Automator, Inc.
Contact:
Stephen Kobelski
steve@lendingautomator.com
855-596-0900
Business Activity: Information Technology
Investment Sought: $600,000
Minimum Investment: $25,000
Maximum_investment: $600,000
Type of Qualified Security: Common StockPrefererd StockSAFE
Modern Reach LLC
Contact:
Olivia Bennett
liv4bennett@gmail.com
914-632-0912
Business Activity: Marketing/Video/Podcasts
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: General Partnership Interest
Moxi on the Rocks
Contact:
Tomas Nenortas
tomas@moxiontherocks.com
860-543-2519
Business Activity: Liquor Industry
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Debt
Myoniks, Inc.
Contact:
Nishita Mirchandani
nishita@myoniks.com
9145253795
Business Activity: Clean Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common Stock
Nateureka Labs, Inc.
Contact:
Zach Rome
zdr@nateureka.com
2012143200
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: SAFE
NexGen Healthcare LLC
Contact:
Kayla Wooley
kayla.wooley1@gmail.com
8609960497
Business Activity: Other
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Limited Partnership Interest
Nexys Inc.
Contact:
Michael Licamele
MLicamele@rfnc.com
2032575661
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: SAFE
OE Ventures, Inc
Contact:
Christopher Gunderson
cgunderson@amuletcg.com
9175756675
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockPrefererd Stock
Ommio Health, Inc
Contact:
Konstantine Drakonakis
kdrakonakis@pctrx.com
203-809-2376
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Preferred Stock
pAiback Corp.
Contact:
Jason Lucking
jason@pAiback.app
2035443691
Business Activity: Information Technology
Investment Sought: $300,000
Minimum Investment: $25,000
Maximum_investment: $300,000
Type of Qualified Security: Prefererd Stock
Personal Therapeutics, LLC
Contact:
Marc Pelletier
marc.f.pelletier@gmail.com
216-633-6708
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $250,000
Maximum_investment: $1,999,998
Type of Qualified Security: Prefererd StockSAFE
PiroGon, Inc.
Contact:
Rigu Gupta
rigu@pirogon.com
443-739-5714
Business Activity: Bioscience
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,999
Type of Qualified Security: Common Stock
Prestige Wash Studio South LLC
Contact:
Ethan Mercer
ethanmercer353@gmail.com
475-236-5643
Business Activity: Car Wash
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: General Partnership Interest
Proteowise
Contact:
Erik Gunther
erikgunther@proteowise.com
203-430-4187
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Prefererd Stock
ReAbility, Inc
Contact:
Thatcher Duni
thatcher@reabilitysolutionslicensing.com
2036234198
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockPrefererd Stock
ReadingXR LLC
Contact:
Ted Dinsmore
ted.dinsmore@spheregen.com
2032048100
Business Activity: Information Technology
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: Common Stock
Scalable Robotics
Contact:
Tom Fuhlbrigge
tomf@scalablerobotics.ai
860-335-2220
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common Stock
Scalables
Contact:
Hur Koser
hurkoser@scalables.com
2489713535
Business Activity: Biosciences
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockPrefererd Stock
Scrap Works, LLC
Contact:
Conor Horrigan
conor@halffullcompanies.com
8607335831
Business Activity: Other
Investment Sought: $1,499,996
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Limited Partnership Interest
Service Insight, LLC
Contact:
Anthony Uzzo
anthony@serviceinsight.io
203-687-8670
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
SingleTimeMicroneedles, Inc.
Contact:
Jasdeep Singh, CEO
jasdeep.singh@stmpatch.com
8608470138
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockPrefererd Stock
Social Beverage Laboratory LLC
Contact:
Marcela Osello - CFO
marcela.osello@dopecfo.us
203-668-4395
Business Activity: Food and Beverage Manufacturer
Investment Sought: $2,000,000
Minimum Investment: $24,997
Maximum_investment: $200,000
Type of Qualified Security: Common StockConvertible DebtGeneral Partnership InterestLimited Liability PartnershipPrefererd Stock
Storry Road Pictures, LLC
Contact:
Russ McCarroll
russmccarroll@gmail.com
9144148163
Business Activity: Type of Producer
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Membership in LLC
Stradefy Biosciences
Contact:
Brian Dixon
brian@elmvc.com
203-606-5600
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockPreferred Stock
Supersonic Limited
Contact:
Ryan O'Donnell
rao@getcomp.work
8604786387
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Liability Partnership
Tessera Solutions Inc.
Contact:
Kevin Finn
kevin@mytessera.ai
8607093122
Business Activity: Information Technology
Investment Sought: $1,750,000
Minimum Investment: $250,000
Maximum_investment: $1,750,000
Type of Qualified Security: SAFE
The Corebev Group, Inc.
Contact:
Stelios Stavrianos
stelios@corebev.com
203-979-0792
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: Common Stock
The Hangout Spot, LLC
Contact:
Justyna Balzar
justyna@thehangoutspotllc.com
203-529-1064
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: SAFE
TM Based Nutrition, LLC
Contact:
Thea Marx
tmarx@vispresurgery.com
8607580770
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Prefererd Stock
Urologic Design, LLC
Contact:
Henry Ritter
henry@urologicdesign.com
6177980613
Business Activity: Bioscience
Investment Sought: $1,250,000
Minimum Investment: $25,000
Maximum_investment: $1,250,000
Type of Qualified Security: Convertible Note
Vamos
Contact:
Nickolas Zurita
niko@govamos.io
2037889298
Business Activity: Information Technology
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Prefererd Stock
Victory Waves Co
Contact:
Thomas Goldenberg
tom@victorywaves.com
203-507-1105
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockPrefererd Stock
XNODE INC.
Contact:
Kumar Velugula
kumar@xnode.ai
732-213-5189
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $24,998
Maximum_investment: $1,500,000
Type of Qualified Security: SAFE
Ziplife Foods, Inc.
Contact:
Philip Trotman CEO
ptrotman@ziplifefoods.com
203-921-5484
Business Activity: Food and Beverage Manufacturer
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Note
contact us

Tamyra Cote
tamyra.cote@ctinnovations.com

additional resources

What Entrepreneurs Need to Know About Angel Investment

Legislation – Public Act 19-117, Page 515