proof-of-concept fund

About this funding opportunity

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Menu Proof-of-Concept Fund Understanding Proof-of-Concept Fund

Connecticut is committed to supporting entrepreneurs at the early stage to improve their chances of bringing new products to market. CI will invest $50-100K per company, selecting the most promising companies that meet the investment criteria. In this highly competitive selection process, CI will invest in 15 to 25 companies per year out of the several hundred we will review. Companies selected for investment will gain access to mentors, bootcamps and other resources to accelerate growth. CRITERIA FOR INVESTMENT

CI seeks technology companies based in Connecticut that are at the proof-of-concept stage of development. Preference will be given to information technology, advanced manufacturing, engineering, consumer packaged goods and bioscience/biotech companies. As part of our commitment to equity and diversity, we will also look to invest in business enterprises owned and controlled by socially and economically disadvantaged individuals through this fund.

Email \ 860.258.7858

contact tamrya cote company stage

Companies at the early stage looking to accelerate growth, test innovations, build minimum viable products and run customer pilots. First-time founders are welcome. capital raised

The ability to raise additional capital is vital to the success of early-stage companies. As such, friends and family, angel investor, accelerator and/or institutional co-investment is viewed favorably. focus on innovation

Companies currently developing a technology that is unique and difficult to copy due to patents, design or go-to-market strategy. cash match

A cash match is not required for this fund, but is preferred. primary location

Office headquarters and at least 50 percent of employees located in Connecticut. funding amount

Up to $100,000 in the form of CI’s standard convertible note.

Email \ 860.258.7858

contact tamrya cote SUBMIT YOUR PITCH DECK FOR CONSIDERATION.

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Is the company located in CT(Required)

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If the company is not in Connecticut are you willing to relocate to the state?(Required)

Yes

No

Company MUST be willing to relocate or expand to Connecticut to be eligible for funding consideration.

Thank you for your interest, however expansion or relocation to Connecticut is a requirement for any funding opportunities. We wish you best of luck on your venture. Company Info

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Topic areas: General and Cross-cutting R&D, Advanced Manufacturing and Industry, Information and Communication Technologies (ICT), Circular Economy and Sustainability, Life Sciences and Health.

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

proof-of-concept fund is administered by Connecticut Innovations / CTNext (CI), listed via Connecticut Innovations / CTNext.