Venture Catalyst Program

Understanding the
Venture Catalyst Program
The Venture Catalyst Program (VCP), managed by Connecticut Innovations (CI), is designed to support the launch of new startup ventures from university systems. The program can also support existing startups that have yet to raise venture financing and could benefit from VCP team support. The program facilitates and accelerates the process of progressing from the conception of an idea to the launching of a university-based venture.
Program Objectives
Commercialize
Encourage new and existing faculty/researcher entrepreneurs to focus on commercializing their ideas with the support of venture teams composed of experienced venture advisors and student fellows.
Plan
Engage with students and staff to participate as fellows in the venture teams that will work to develop the elements of an investible business plan.
Advise
Incorporate subject matter experts and entrepreneurs as venture advisors to provide strategic guidance for VCP teams as they assess the viability of the venture.
Decide
Arrive at a go/no-go decision point as to whether the team should move forward with company formation activities.
Fund
Position the venture as an investible opportunity (i.e., develop pitch deck), apply for funding and secure the first investment capital.
Integrate
Integrate with and support existing university entrepreneurship programs to select and accelerate new ventures to their first round of institutional funding.

The Venture Catalyst Program

Venture Development Process

The VCP teams will receive hands-on training. Specific outputs from the program may include:

  • Customer Discovery and Market Canvasing
  • Financial and Revenue Model Creation
  • Business and Strategic Plan Development
  • Intellectual Property Canvasing
  • Pitch Deck Creation

For teams that meet certain criteria, there will also be access to Connecticut Innovations’ venture programs:

Proof-of-Concept
The Proof-of-Concept Fund looks to invest in technology companies based in Connecticut that are at early stages of development and for which a match of funds may not be required. The fund makes investments of $50–100k per company. Preference will be given to information technology, advanced manufacturing, engineering and bioscience/biotech companies.
Pre-Seed
Pre-seed funding is also available for those startups that are able to raise a larger round with matching funds. Pre-seed investments can be up to $150k and do require a match.
FAQ
Still have questions about the Venture Catalyst Program (VCP)? Click here to access some frequently asked questions.

Contact Information

Physical Science and Tech:
Konstantine Drakonakis, PE
(860) 258-7836
Konstantine.Drakonakis@ctinnovations.com

Life Science:
Mitra Miri, PhD
(860) 257-2368
Mitra.Miri@ctinnovations.com