Connecticut Innovations to Launch a $200 Million Fund to Boost and Nurture Bioscience Research
6/25/2013 8:43:54 AM
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Connecticut Innovations is taking a new investment approach as it prepares to launch a $200 million fund to spur bioscience research and development in the state. The fund, originally pitched by Gov. Dannel P. Malloy and approved by lawmakers during the recent legislative session, will provide grants, equity investments, loans and loan guarantees to bioscience related initiatives over the next 10 years. In addition to investing in early stage companies, however, CI will provide capital to researchers who are still only in the idea stage, meaning they've made a discovery in a lab but haven't yet formed a viable business.
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