- Funding Provider
The Connecticut Legislature created Connecticut Innovations (CI) in 1989 and charged it with growing Connecticut's entrepreneurial, technology economy by making venture and other investments. By building a vibrant technology community in the state, Connecticut Innovations creates substantial, long-term economic opportunity for Connecticut citizens. Connecticut Innovations accomplishes its mission primarily by: Making equity investments in emerging Connecticut technology companies; providing essential, non-financial support to entrepreneurs; and conducting initiatives that address specific needs of Connecticut's technology sector. Since 1995, CI has become the state's leading investor in high technology, investing more than $140 million in over 75 Connecticut companies. CI's investments benefit all Connecticut residents by attracting and retaining innovative companies; creating high-paying jobs; and positioning the state to excel in the global, knowledge-driven economy. Connecticut Innovations was funded originally by state bonding. But, since 1995, CI has financed its equity investments solely through its own investment returnsnot taxpayer dollars. Successful investing has also enabled CI to fund over $20 million in initiatives essential to Connecticut's technology leadership. These include the Connecticut Innovations Technology Scholar Program, the Yankee Ingenuity Technology Competition and Connecticut's BioBus.