The University of Connecticut in partnership with Connecticut Innovations (CI) and Webster Bank is establishing a $1.5m innovation fund.
UConn Innovation Fund will provide early-stage financial support to new business startups affiliated with UConn with investments of up to $100k.
Any student, faculty member, or alumnus of the university with an in-state business startup tied to research, advanced technologies, or innovations developed at UConn can apply to receive funding, patenting and licensing assistance, business incubator space, and other support services from the university.
Companies participating in UConn’s Technology Incubation Program are eligible.
Investments will take into consideration a company’s strength and existing resources, innovative technology, potential for commercialization, and likelihood of obtaining additional external funding among other factors. The fund will be managed by a UConn Evaluation Board, fund managers, and an investment committee comprised of representatives from UConn, CI, and Webster Bank.
The first deadline for applications is Oct. 14, 2016.
Businesses interested in learning more about the fund should go to: innovationfund.uconn.edu.
FinSMEs
18/08/2016