ClimateTech Fund

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ClimateTech Fund

Connecticut Innovations has a $100 million climate fund intended to support growing companies, create more high-paying jobs in Connecticut and meet the state’s decarbonization goals. Our Team

Work shoulder-to-shoulder with people who pour all their energy into your success, and bring a wealth of business experience to the table.

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Konstantine Drakonakis

Managing Director, Investments

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Harshit Agrawal

Associate, ClimateTech Fund

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Ryan Dings

Advisor

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Konstantine is a managing director of investments for Connecticut Innovations, focusing on climate and adaptation technology ventures. He manages CI's $100 million ClimateTech Fund (CT Fund) to help Connecticut reach its decarbonization and climate adaption goals and create high-paying jobs. Konstantine has been a venture capitalist and entrepreneur for the past 18 years, specializing in climate and deep tech ventures. Prior to private equity, he was a professional environmental engineer, working on ecosystem restoration and civil works projects. Konstantine was a long time partner and founding member of LaunchCapital, a Pritzker Vlock Family Office venture fund, where he focused on early stage ventures. He developed a portfolio of 40 companies, representing over 100 transactions and more than $1 billon in syndication. Konstantine has also been a founder and operator of four ventures: 6K Inc, Katharos, PlazMod and Ommio Health. He was a board member, founding executive chairman and former CSO of 6K Inc, and held board director roles at EpiEP, Biorez, TearSolutions and Iridia. Konstantine is also an active member in the university entrepreneurial ecosystem, where he is a lecturer, mentor and adviser to students and faculty ventures at UCONN and Yale University. Konstantine has a BSCE from the University of Vermont and a master’s in environmental management from the Yale School of Environment, where he focused on circular economy systems and markets. He is a licensed professional engineer in the state of Connecticut. Venture Portfolio

View CI's Full Portfolio

AmpUp

Bright Feeds

Budderfly, Inc.

Cambium Carbon

CarbonBuilt

Crew Carbon

Enertiv

Enko

FAST Metals

Nanoionix

Nimbus Power Systems

Noteworthy AI

Oxylus Energy

P2 Science, Inc

Previsico

reThought Insurance

Roundtrip EV Solutions Inc.

Skyview Ventures

Talam Biotech

Trashie

Zoneflow Reactor Technologies Areas of Focus Adaption/Resilience Advanced Materials Built Environment Carbon Removal Circular Economy Energy Food/Agriculture Mobility Water Investment Strategy + Allocation

The CT Fund will invest across climate tech verticals and will target 15-25 companies over a 10-15 year investment period. The Fund will consider early and late-stage deals, including proof of concept stage, seed, series A, and series B/C, in addition to Fund of Funds opportunities. Whether you are in Connecticut already, a US company looking to grow in the northeast, or an international company looking to establish a US office, the CT Fund is ready to engage. Why We Invested Why We Invested: Bright Feeds 🍎

Read Announcement Here Why We Invested: reThought Insurance Corporation💦

Read Announcement Here Why We Invested: Noteworthy AI 💡

Read Announcement Here Why We Invested: Oxylus Energy 🚢

Read Announcement Here Why We Invested: CREW Carbon 💧

Read Announcement Here Why We Invested: CarbonBuilt 🧱

Read Announcement Here Why We Invested: Previsico ☔

Read Announcement Here Why We Invested: Cambium🪵

Read Announcement Here Connecticut’s Advantage

Governor Lamont has committed to reducing greenhouse gas emissions to net zero by 2050 while ensuring vulnerable communities receive investment and are resilient to the impacts of climate change. Just this year, Connecticut has passed the Clean Air Act, set a 2040 zero emissions target for school buses, passed advanced clean truck standards modeled off California, and more. Connecticut…

Topic areas: Energy and Environment, Circular Economy and Sustainability, Advanced Manufacturing and Industry, Smart Cities, Workforce Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

ClimateTech Fund is administered by Connecticut Innovations / CTNext (CI), listed via Connecticut Innovations / CTNext.