Connecticut Bioscience
Innovation Fund

Understanding the
Connecticut Bioscience Innovation Fund
Connecticut Innovations will make investments from the $200 million CBIF over the next 10 years in the form of grants, equity investments and loans to speed commercializable bioscience breakthroughs to market. Startups and early-stage businesses may apply for secured convertible loans or equity. Accredited colleges and universities together with nonprofits (academics) may apply for royalty bearing grant funding up to $500,000.
Snapshot of Common Characteristics

CI seeks technology-based companies based in Connecticut or willing to move here. We look for innovators in our core areas of expertise: bioscience, IT, clean tech, photonics and advanced materials. While we’re flexible when evaluating a potential partner, we also look for:

Primary Location
Majority of the company must have a Connecticut presence.
Focus on Innovation
Companies currently developing a technology.
Financial Status
Non-recurring revenue from non-grant sources of less than $2 million.

Affiliates or subsidiaries of larger companies, or those that are controlled by common owners from larger companies, are not eligible for pre-seed funding. Meeting the requirements above does not guarantee funding.