Tag Archives: connecticut innovations

Connecticut Innovations Gives Funds To Six Startups In State

by Categorized: Connecticut, Government, Startup Tagged: Date:

Six firms received funding from Connecticut Innovations this week. The state’s quasi public agency works with technology start ups to help them grow.

Ancera LLC (Branford, Conn.)    $150,000

Green Life Guides LLC (New Haven, Conn.)  $100,000

Pattern Genomics LLC (Madison, Conn.)  $150.000

P2 Science Inc. (New Haven, Conn.)  $200,000

RPM Sustainable Technologies Inc. (Guilford, Conn.) $150.000

Shizzlr LLC (Orange, Conn.)  $200.000

The funding is part of the states Pre-Seed Fund and is designed to support the formation of new technology business in the state.


$150,000

CI Invests In Mobile Tech Company; Business Relocates From California

by Categorized: Apps, Connecticut Tagged: , Date:

Connecticut Innovations announced Tuesday that it has invested $750,000 in deets Inc. through its Seed Investment Fund.  The funding was the catalyst behind the company’s relocation from Los Olivos, Calif. to Westport.

deets is an app available on iPhone, iPad, iPod touch with plans for an Android release during the first quarter of 2013 that serves as an “on the fly, group communication tool.”  With the app, users can create groups and share specific information (contact info, plans, photos, and more) with the right people instantly.

“We’re excited to welcome deets Inc. to Connecticut,” CI CEO Claire Leonardi said.  “This company offers a unique application not addressed by current communication networks, and it joins a growing base of mobile technology companies in Connecticut, helping to strengthen our state’s capabilities in this rapidly growing sector.”

deets has previously been featured by Apple when it was listed under “What’s Hot” in the iTunes Store and had a lengthy feature on TechCrunch.

“With so much information coming at us through various channels — email, text messages, voicemail, social media — it’s enough to make anyone feel overwhelmed. That’s why we created deets,” said Linda Miller, CEO and founder of deets Inc. “Our platform gives control back to the individual to develop relationship-managed groups so communication is quick and relevant.”

Connecticut Innovations To Expand Internship Program

by Categorized: Connecticut, Education Tagged: , , , Date:

Connecticut Innovations announced today that it will support additional student internships under its Technology Talent Bridge Program that was first announced in April.

The program provides internships at small, technology-based Connecticut businesses for Connecticut college students or students from Connecticut who attend schools outside of the state.

“In its first four months of operation, the Technology Talent Bridge Program has already created some outstanding learning opportunities for Connecticut students, who will benefit greatly from their unique, career-related experiences,” CI’s CEO and executive director, Claire Leonardi, said.

So far, CI has provided funding to 10 companies for 16 interns.  The current interns are students at Fairfield University, University of Bridgeport, UConn, UHart, Quinnipiac and Yale.

“We’re pleased that additional program funding is now available, and that even more businesses and students will be able to participate,” Leonardi said.  “In challenging economic times, it is crucial to cultivate local talent and fuel the growth of the tech sector — both key goals of the Malloy administration.”

Connecticut Innovations Begins Search For Next Wave Of Tech-Based Entrepreneurs

by Categorized: Connecticut, Entrepreneur, Startup Tagged: , Date:

Connecticut Innovations, the state’s quasi-public authority responsible for technology-based innovation and economic development, announced Wednesday that applications are now being accepted from Connecticut-based entrepreneurial teams interested in participating in the upcoming fall’s TechStart Accelerator Program.

The $1 million TechStart initiative came to be through funding given to CI through last fall’s $626 million jobs bill.

“We look forward to receiving applications from entrepreneurial teams that are seeking assistance in launching new technology ventures and to welcoming our second class of TechStart participants,” said Claire Leonardi, chief executive officer and executive director of CI.

Leonardi also praised the nine teams selected in March from the first TechStart Accelerator Program.

“Our first graduating class of TechStart teams accomplished so much in such a short period of time and made valuable connections with prospective investors,” Leonardi said.

The first program had over 80 applicants.  Each of the nine selected were provided with $25,000 in initial capital through the TechStart Fund, as well as mentoring throughout the three-month program.  At the end of the three months, each team pitched their innovations to angel and venture capital investors.

The program requires selected entrepreneurial teams to devote themselves full-time to the program from mid-September through mid-December.

Applications will not be accepted any later than August 15 at 5:00 p.m.

For more information, or to apply, visit www.ctinnovations.com/techstart.

Connecticut Innovations Invests $150k In Notifyi

by Categorized: Connecticut, Startup Tagged: , , Date:

Connecticut Innovations announced Wednesday that it has committed $150,000 in financing to Notifyi LLC of New Haven through its Pre-Seed Fund.

Notifyi intends on using the funds to complete product development and to launch their cloud-based physician collaboration platform.

Notifyi, which meets all health care privacy and security standards, incorporates various messaging capabilities as well as physician and practice profiles.

Notifyi gives physicians the ability to securely send clinical messages to other physicians, while permitting recipients to chose when and how they are notified.  Notification options include email, text messages, pages and faxes.

“Modern healthcare delivery requires the involvement of multiple physicians in a variety of outpatient and inpatient settings,” said Senai Asefaw, president of co-founder of Notifyi, in a press release.  “Notifyi’s physician collaboration tool enables a patient’s entire team of doctors to stay on the same page, leading to better coordinated, higher quality, and more cost-effective care.”

CI’s Pre-Seed Fund supports Gov. Malloy’s strategy to grow Connecticut’s technology economy by providing loans of up to $150,000 to Connecticut-based startups.  CI also provides mentors and helps coordinate access to various resources.

Douglas Roth, a CI investment associate, will be advising Notifyi.

 

CI Launches Technology Talent Bridge Program To Stimulate Job Creation

by Categorized: Connecticut Tagged: , , Date:

Connecticut Innovations announced today the launch of the Technology Talent Bridge Program, a technology workforce development initiative.

The mission of the program is to provide experiential learning activities for Connecticut college students  through mentored internships at small, technology-based Connecticut businesses.  The program applies to bachelor degree candidates and above.

The program expands university-industry collaborations in Connecticut, in order to strengthen the workforce and to keep talent within the state.  CI hopes that the program will stimulate job creation and promote hiring of recently graduated participating students by Connecticut companies.

“The Technology Talent Bridge Program, which supports Governor Malloy’s goal of growing the tech sector, will provide valuable, local talent to small technology businesses in Connecticut, promote innovation, and give students early, career-related experiences that will strengthen their resumes and help them land jobs in Connecticut after graduation,” CI CEO Claire Leonardi said in a press release.

Under the program, eligible companies must engage a student or team of students to work on a project involving a technological problem that can be solved within 3-9 months. The first internships are expected to begin in the summer/fall of this year and continue into the fall/winter.

Grants of up to $25,000 per project are available to the businesses which are to be used primarily for intern compensation. Businesses may apply for one grant per year.

Small business applicants must complete an application in which they propose their internship projects.

If you’re interested in learning more click here.

CI Makes $500,000 Follow-on Investment In Innovatient Solutions Inc.

by Categorized: Connecticut Tagged: , , , Date:

Connecticut Innovations announced today that it has made a $500,000 follow-on investment in Farmington’s Innovatient Solutions Inc., its second in the company.

Innovatient Solutions is developing a patient-centered information system to improve communications between hospital care providers and patients in order to enhance clinical outcomes and patient satisfaction.

The company’s first application, nVision Information Therapy Solution, provides education, communication services and entertainment to patents who are using pre-existing hospital infrastructure and television sets.  With the system, patients can communicate with health care providers and families about daily goals, pain levels, meal preferences and more.  nVision also provides feedback to hospital employees through the delivery of surveys.  Information is provided to patients through their hospital-provided televisions, and to the health care providers through personal computers or portable devices.

“It is highly encouraging that Innovatient’s tool addresses a sizable and growing market that is being favorably affected by federal mandates on health care institutions,” CI CEO and executive director Claire Leonardi said.

Using nVision, hospital executives can evaluate a patient’s satisfaction and quality of stay in real-time and take the necessary steps to improve upon any deficiencies.

“This investment allows Innovatient to continue product development and form new client relationships with leading hospitals across the nation,” Innovatient CEO and co-founder Jolinda Lambert said.

Dan Wagner, CI’s director of investments, represents CI on Innovatient Solution’s board of directors.