Innovation Fund Available for Business Startups
The University of Connecticut, in partnership with Connecticut Innovations (CI) and Webster Bank, has established a $1.5 million UConn Innovation Fund, an investment fund intended to serve as an early-stage revenue stream for in-state business startups.
Investments of up to $100,000 are available to any student, faculty member, or alumnus of the university with an in-state business startup tied to research, advanced technologies, or innovations developed at UConn.
Companies participating in UConn’s Technology Incubation Program are also eligible.
Webster Bank will provide financial and banking expertise.
UConn Innovation Fund investments will take into consideration a company’s strength and existing resources, innovative technology, potential for commercialization, and likelihood of obtaining additional external funding among other factors.
The first deadline for applications is October 14, 2016.
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