Connecticut Innovations Launches TechStart Fund

Connecticut Innovations (CI), the state’s authority responsible for technology-based economic development, has launched the TechStart Fund to spur technology innovation and business formation at an early stage.

The TechStart Fund focuses on providing initial capital to startup teams to determine the viability of a technology business and whether funding would be available to launch the new business. The TechStart Fund is a 10-week pilot program during which teams approved for funding will be provided with mentors and professional resources offering strategic guidance in launching a new business.

The program will be directed by CTech@Science Park at Yale in New Haven and begin in March 2012.

The application deadline for that initiative is February 22, 2012.

At the conclusion of the program, participating teams should be ready to make a pitch to investors and launch a company.

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