Angel Investor
Tax Credit Program

Understanding The
Angel Investor Tax Credit Program
Seed capital can be difficult to raise. Angels meet that need: They are willing to invest in startups in exchange for an equity share of the business. CI administers the state’s Angel Investor Tax Credit Program, which gives angels a credit against Connecticut’s state income tax when they invest at least $25,000 in qualifying businesses. If you qualify, your business will be listed on our website so that angels looking to invest can find your startup. The program cap is $12 million in investments for fiscal year ending June 30.
Qualified Connecticut Businesses
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 four steps:

Step 1
Interested applicants must complete and execute the Qualified Connecticut Business Application. The application along with all documents requested under Part E of the application and the nonrefundable application fee of $250 (payable to Connecticut Innovations, Inc.) must be submitted to:

Connecticut Innovations, Inc.
865 Brook Street
Rocky Hill, CT 06067
Attn: Stepheni Harpin

Step 2
Once the complete application and requested documents are received, they will be reviewed to determine whether the applicant meets the criteria.

Step 3
The applicant will be notified by email as to the results of Connecticut Innovations’ review of its application. If the application does not meet established criteria, the email will outline the reasons for denial. If the applicant meets the established criteria, it will receive a email stating such and will be placed on the Qualified Connecticut Company List. The Qualified Connecticut Company List contains the following information about the Connecticut company:

• Company name, location and contact information
• Company’s business activity
• Amount of investment sought by the company
• Type of qualified security to be issued by the company

Step 4
Once a year, on the anniversary of its approval as a Qualified Connecticut Business, the applicant will be required to recertify the information contained in the application originally submitted to CI to remain on the Qualified Connecticut Company List.

Qualified Connecticut Business Application
Interested applicants must complete and execute the Qualified Connecticut Business Application. The application along with all documents requested under Part E of the application and the nonrefundable application fee of $250 must be submitted to Connecticut Innovations, Inc.

Qualified Connecticut Company List

ActualMeds Corporation
222 Pitkin Street, East Hartford, CT
Contact:
Patricia Meisner, CEO
pmeisner@actualmeds.com
888-838-9053
Business Activity: Information Technology
Investment Sought: $1,750,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
Agrowgate, LLC
398 Wilton Road West Ridgefield, CT 06877
Contact:
David van Wees
dvanwees@latisimports.com
203-615-3785
Business Activity: Other
Investment Sought: $1,850,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Membership Units
Ancera, Inc.
21 Business Park Dr. Branford, CT 06405
Contact:
Arjun Ganesan, CEO
aganesan@ancera.com
203-819-2322
Business Activity: Bioscience
Investment Sought: $821,667
Minimum Investment: $25,000
Maximum_investment: $821,667
Type of Qualified Security: Preferred Stock
Aquinas Training, LLC
168 Stamford Ave Stamford, CT 06902
Contact:
Hugh Seaton
hugh@aquinas.io
203-524-9539
Business Activity: Information Technology
Investment Sought: $200,000
Minimum Investment: $25,000
Maximum_investment: $200,000
Type of Qualified Security: LLC Interest
Athletic Brewing Company, LLC
350 Long Beach Blvd Stratford, CT 06615
Contact:
William Shufelt
Bill@AthleticBrewing.com
203-273-0422
Business Activity: Other
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Membership Interest in LLC
Avitus Orthpaedics, Inc.
Contact:
Neil Shah
neil@avitusortho.com
860-679-6102
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible DebtPrefererd Stock
Bactana Corp.
Contact:
John A. Kallassy, CEO
john@bactana.com
203-716-1230
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible DebtPreferred Stock
BioArray Genetics, Inc.
400 Farmington Ave, MC 130 Farmington, CT 06032
Contact:
Marcia V. Fournier, CEO
mvf@bioarray.us
508-577-0205
Business Activity: Bioscience
Investment Sought: $1,450,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Biomantica, Inc.
3 South Forest Circle West Haven, CT 06516
Contact:
James T. Platt
james.platt@biomantica.com
203-228-0126
Business Activity: Information Technology
Investment Sought: $150,000
Minimum Investment: $25,000
Maximum_investment: $150,000
Type of Qualified Security: Common Stock
Biorez, Inc.
195 Church St, 17th Fl New Haven, CT 06511
Contact:
Kevin A. Rocco
krocco@biorez.com
860-301-8638
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Preferred Stock
Business Networks Research, LLC
1771 Boston Post Rd East Westport, CT 06880
Contact:
Christopher Woods
chris@whoworkswith.me
203-216-6894
Business Activity: Information Technology
Investment Sought: $800,000
Minimum Investment: $25,000
Maximum_investment: $800,000
Type of Qualified Security: Limited Partnership Interest
Café Learn
One Dock St, Ste 309 Stamford, CT 06902
Contact:
Carrie O'Donnell
carrie@cafelearn.com
203-973-0635
Business Activity: Information Technology
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible DebtCommon Stock
CareerPath Mobile
20 Bank Street, PO Box 34 New Milford, CT 06776
Contact:
Ben Grinnell
ben@careerpathmobile.com
866-552-7284
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred StockCommon StockLimited Partnership Interest
Convexity Scientific, LLC
36 Church Lane Westport, CT 06880
Contact:
Paul Reiferson, President
pr@convexityscientific.com
203-557-6254
Business Activity: Bioscience
Investment Sought: $1,800,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Crowdflik, Inc.
24 Evergreen Avenue Westport, CT 06880
Contact:
Chris Hamer, CEO
chris@crowdflik.com
917-589-5370
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
db Diagnostics, Inc.
Contact:
Steven B. Levine
slevine@dbdsys.com
203-404-3200
Business Activity: Bioscience
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Elidah, Inc.
810 Main St, Ste C Monroe, CT 06468
Contact:
Gloria Kolb, CEO
gloria@elidah.com
978-435-4324
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Enviro Power, LLC
5 Glynn Ave Middletown, CT 06457
Contact:
Michael Cocuzza
mcocuzza@enviropower.com
860-206-2104
Business Activity: Clean Technology
Investment Sought: $100,000
Minimum Investment: $25,000
Maximum_investment: $100,000
Type of Qualified Security: Convertible Debt
Firefly Solutions, LLC
4 Walmsley Road, Darien, CT 06820
Contact:
Tristram C. Dunn
chipdunn@seweralarm.com
203-655-3999
Business Activity: Other
Investment Sought: $200,000
Minimum Investment: $25,000
Maximum_investment: $199,999
Type of Qualified Security: Limited Partnership Interest
Gemshelf Inc. trade name Shelf.io
175 Atlantic Avenue Stamford, CT 06901
Contact:
Colin Kennedy
colin@shelf.io
203-207-7205
Business Activity: Information Technology
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Stock
GoNation LLC
Contact:
Chaz Tanase
chaz@gonation.com
203-301-4777
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $250,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
GoPap Synthesis, LLC
129 Havemeyer Pl Greenwich, CT 06830
Contact:
Scott Roth
scott.roth@srcmllc.om
203-971-3610
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Membership Interest in LLC
ImStem Biotechnology
400 Farmington Ave R1706 Farmington, CT 06030
Contact:
Xiaofang Wang
xiaofang.wang@imstem.com
860-679-2245
Business Activity: Bioscience
Investment Sought: $1,465,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred StockConvertible DebtCommon Stock
Inbox Health Corp
770 Chapel Street, 4th Fl New Haven, CT 06510
Contact:
Spencer Ewald
spencer@inboxhealth.com
203-349-2424
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Inozyme Pharma, LLC
240 Bluff View Dr Guilford, CT 06437
Contact:
Brian W. Pusch
bpusch@puschgal.com
212-980-0408
Business Activity: Bioscience
Investment Sought: $1,950,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Membership in LLC
LambdaVision Incorporated
400 Farmington Ave Farmington, CT 06030
Contact:
Nicole Wagner
nicole.wagner508@gmail.com
860-679-2558
Business Activity: Bioscience
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Preferred StockCommon Stock
Level Up Village
One Park Avenue Old Greenwich, CT 06870
Contact:
Vincent D'Agostino, VP
vince@levelupvillage.com
203-258-4626
Business Activity: Information Technology
Investment Sought: $800,000
Minimum Investment: $25,000
Maximum_investment: $800,000
Type of Qualified Security: Preferred Stock
Little Bear Ventures Trade Name: Cleanorigin.com
Contact:
Matt Crakes
mc@cleanorigin.org
917-855-2280
Business Activity: Other
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Class A Membership Interests in Limited Liability Company
microChange, Inc.
1 Broad Street, Unit 28D Stamford, CT 06901
Contact:
Sahil Gupta
sahil@microchange.io
973-477-1650
Business Activity: Information Technology
Investment Sought: $150,000
Minimum Investment: $25,000
Maximum_investment: $150,000
Type of Qualified Security: SAFE
Mitchell Woods Pharmaceuticals, LLC
Four Corporate Drive, Ste 287 Shelton, CT 06484
Contact:
Mark Farber, CEO
markfarber@mitchellwoods.com
203-258-1035
Business Activity: Bioscience
Investment Sought: $1,150,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
My Gene Counsel, LLC
70 Stoddard Avenue North Haven, CT 06473
Contact:
Ellen Matloff, President
ellen@mygenecounsel.com
203-314-2532
Business Activity: Bioscience
Investment Sought: $1,200,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
Nucleus 195, LLC
68 Southfield Ave, Stamford, CT
Contact:
Mehdi Sunderji
mehdi.sunderji@nucleus195.com
203-520-6148
Business Activity: Information Technology
Investment Sought: $800,000
Minimum Investment: $24,996
Maximum_investment: $800,000
Type of Qualified Security: Common Stock
Oasis Charger Corporation
P.O. Box 32, Westport, CT 06881
Contact:
Paul Vosper
pvosper@oasischarger.com
203-202-9788
Business Activity: Clean Technology
Investment Sought: $2,000,000
Minimum Investment: $24,997
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
OmniCyte, LLC
3B Indian Cove Rd Guilford, CT 06437
Contact:
Peter Leonardi, CEO
peter.leonardi@omnicyte.com
917-439-7479
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible DebtGeneral Partnership Interest
One Way Limo, Inc.
42 Oliver Terrace Shelton, CT 06484
Contact:
Desiree Tavares, COO
desiree@onewaylimo.com
800-933-1929
Business Activity: Information Technology
Investment Sought: $1,900,000
Minimum Investment: $25,000
Maximum_investment: $1,900,000
Type of Qualified Security: General Partnership Interest
Petmasters LLC
285 Fairfield Ave, Bridgeport, CT 06604
Contact:
Michael Caldwell
mcaldwell@petmasters.com
203-450-6597
Business Activity: Information Technology
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Stock
Phlatbed Inc.
106 Front Street, New Haven, CT 06513
Contact:
Alani Kuye
alani.kuye@phlatbed.com
203-424-1048
Business Activity: Information Technology
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Stock
PiC20 Group, LLC (Trade name Ranger Ready Repellents)
87 Water Street Norwalk, CT
Contact:
Chris L. Fuentes
Chris@PiC-20.com
203-409-1803
Business Activity: Bioscience
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: LLC Interest
Point Pick-Up Technologies, Inc.
32 Field Point Rd Greenwich, CT 06830
Contact:
Erica Ventley
erica@pointpickup.com
203-622-7234
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred StockConvertible DebtCommon Stock
Quigler, Inc.
1 Widgeon Way Greenwich, CT 06830
Contact:
David Michonski
david@quigler.com
203-570-5477
Business Activity: Information Technology
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: Conv. Debt; SAFE
Quiver Spirits, LLC
Contact:
Tomas Nenortas
quiver@quiverspirits.com
860-543-2519
Business Activity: Other
Investment Sought: $450,000
Minimum Investment: $25,000
Maximum_investment: $450,000
Type of Qualified Security: Membership Interest in LLC
ReadyDock, Inc.
10 Grassmere Ave West Hartford, CT 06110
Contact:
Edward Ross
eross@readydock.net
860-523-9988
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Stock
RevMedica, Inc.
73 Oak Terrace Durham, CT 06422
Contact:
Thomas Wenchell
tom@revmedica.com
203-722-8381
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Rindle, LLC
3 Richard Ave Norwalk, CT 06854
Contact:
Brian Faust, CEO
brian@rindle.com
551-482-2037
Business Activity: Information Technology
Investment Sought: $567,000
Minimum Investment: $25,000
Maximum_investment: $567,000
Type of Qualified Security: Preferred Stock
Roar Atheltic Performance Corp. VKRTY
Contact:
Steve Wasik, CEO
steve.wasik@vktrygear.com
914-582-5202
Business Activity: Biosciences
Investment Sought: $1,750,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
Role Model Mentors, LLC
426 Main Street, Ridgefield, CT
Contact:
Dereck Correia
dereck.correia@rolemodelmentors.com
914-980-9841
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $100,000
Type of Qualified Security: Convertible Debt
Sarah Easley Fashion Consulting, LLC
467 Laurel Road New Canaan, CT 06840
Contact:
Sarah Easley
sarah@saraheasley.com
917-562-7418
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible DebtPreferred Stock
Shoreline Biome
400 Farmington Ave Farmington, CT 06032
Contact:
Thomas Jarvie
thomas.jarvie@shorelinebiome.com
203-619-4083
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Debt
Simcha Therapeutics Holding Company, LLC
504 Chapel Street, New Haven, CT
Contact:
Dr. Aaron Ring
aaron@simchatherapeutics.com
509-9394681
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
Testifiable Inc. Trade Name Whatify
121 Linden St. New Haven, CT 06511
Contact:
Jake Phillips
jake@whatify.com
516-521-0031
Business Activity: Information Technology
Investment Sought: $150,000
Minimum Investment: $25,000
Maximum_investment: $150,000
Type of Qualified Security: General Partnership Interest
The Feel Good Lab, LLC
215 Church Street, Naugatuck, CT
Contact:
Kyle Fitzpatrick
kyle@thefeelgoodlab.com
310-795-9936
Business Activity: Bioscience
Investment Sought: $842,500
Minimum Investment: $25,000
Maximum_investment: $842,500
Type of Qualified Security: Preferred Membership Interest
Torigen Pharmaceuticals, Inc.
400 Farmington Ave Farmington, CT 06032
Contact:
Ashley Kalinauskas
a.kalinauskas@vetivax.com
860-519-9956
Business Activity: Bioscience
Investment Sought: $1,250,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred StockConvertible Debt
TriState Restore, LLC
Contact:
Felicia Sale
fsale@restorecryotherapy.com
Business Activity: Other
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Membership in LLC
Waldorf Trade Risk, LLC
6 Landmark Square, 4th Floor Stamford, CT 06901
Contact:
David Waldorf
david@waldorftraderisk.com
203-663-0900
Business Activity: Other
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
WBC Biosciences, LLC
57 Landons Way Guilford, CT 06437
Contact:
Joseph Madri
i-l.madri@att.net
203-214-8867
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Debt
WealthConductor LLC
100 Constitution Plaza, Hartford CT
Contact:
Sheryl O'Connor
soconnoer@wealthconductor.com
860-969-3672
Business Activity: Other
Investment Sought: $1,600,000
Minimum Investment: $24,999
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockConvertible Debt
Wellinks, Inc.
770 Chapel Street, Suite D New Haven, CT 06510
Contact:
Ellen Su, CEO
ellen@wellinks.com
203-871-1812
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Debt
Wymsical, LLC
15 E. Putnum Ave, #109 Greenwich, CT 06830
Contact:
Nancy Martin - COO
info@wymsical.com
203-493-6979
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
Xborders, LLC
470 James Street, Suite 007 New Haven, CT 06513
Contact:
Glenn Levin, Founder/CEO
glevin@xborders.com
203-246-9656
Business Activity: Information Technology
Investment Sought: $1,200,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
application

Business Application

Submit to:
Connecticut Innovations, Inc.
865 Brook Street
Rocky Hill, CT 06067
Attn: Stepheni Harpin

contact us

Tamyra Davis
tamyra.davis@ctinnovations.com
860.258.7858