Funding

Bio Pipeline CT – Request for Proposals to fund commercialization of new bio-medical technologies

Bio Pipeline CT encourages start-up companies, student teams, and faculty affiliated with any CT university to apply for funding to help turn new bio-medical technologies into viable business ventures.  The most competitive proposals will be awarded up to $30,000 which can be a stepping stone to larger funding through sources like the Connecticut Bioscience Innovation Fund (CBIF).   To apply, visit the Bio Pipeline CT website at  http://biopipelinect.org/

SBIR/STTR Workshop: Funding for Translating Research to the Market

Wed., Feb. 17, 9am-4pm
Thurs., Feb. 18, 9am-12pm
Cohen Auditorium, NIHB E02, 230 South Frontage Rd., New Haven
REGISTER HERE

Please join us for an intensive, two-day SBIR/STTR workshop focused on proposal development. Each year the SBIR/STTR federal program provides billions of dollars in non-dilutive grant funding to US small businesses to advance and commercialize game-changing technologies. Winning awards in this highly competitive federal program requires strategic proposals and a thorough understanding of the funding agencies’ goals. Nationally recognized SBIR/STTR expert Becky Aistrup will provide detailed instruction on developing competitive proposals for the National Institutes of Health (NIH), National Science Foundation (NSF), and Dept. of Defense (DoD) SBIR/STTR programs. NIH will be the primary focus. A representative from Connecticut Innovations will also share SBIR/STTR follow-on funding opportunities available through their organization. Substantial reference materials highlighting each day’s topics will be provided to help guide your future proposals.

Who Should Attend: CT-based entrepreneurs interested in SBIR/STTR funding. The workshop is free of charge and a light lunch will be provided.

Organized by Connecticut Innovations and the Yale Entrepreneurial Institute

VentureWell $25K Student Grant Opportunity – Jan 27th, 2016 Application Deadline

Our E-Team Program gives college students the chance to move new tech ideas out of the lab and classroom and into the marketplace. The three-stage program provides grant funding, experiential workshops, veteran coaching and a potential investment opportunity to help teams manifest their projects’ full commercial potential.

  • Stage 1 provides funding of $5,000 to attend a three-day workshop on how to better articulate the opportunity for the innovation in the marketplace. Remaining funds may be used to support further development of the project/product.
  • Stage 2 provides additional funding of up to $20,000. In a second workshop, teams develop their business model hypotheses and plans to test them. Six monthly coaching sessions follow, helping keep teams moving forward.
  • VentureWell’s Stage 3 program focuses on helping teams develop a venture development plan to prepare for relationships with investors and strategic partners.

We define an “E-Team” as a multidisciplinary group of students, faculty, and mentors working together to bring an invention to market.

For more information and to apply, please go to http://venturewell.org/student-grants/.

SBIR/STTR Workshop: Proposal Development — Oct 21 & 22

Please join us for an intensive, two-day SBIR/STTR workshop focused on proposal development. Each year the SBIR/STTR federal program provides billions of dollars in non-dilutive grant funding to US small businesses to advance and commercialize game-changing technologies.

Winning awards in this highly competitive federal program requires strategic proposals and a thorough understanding of the funding agencies’ goals. Nationally recognized SBIR/STTR expert, Lisa Kurek, will provide detailed instruction on developing competitive proposals for the National Institutes of Health (NIH), National Science Foundation (NSF), and Dept. of Defense (DoD) SBIR/STTR programs. NIH will be the primary focus.

Substantial reference materials highlighting each day’s topics will be provided to help guide your future proposals.

Who Should Attend: CT-based entrepreneurs interested in SBIR/STTR funding. The workshop is free of charge and a light lunch will be provided. Please register today since attendees will be accepted on a first-come-first-serve basis and we expect full capacity.

DAY ONE – WED, OCTOBER 21ST

In addition to basic information about SBIR/STTR, Lisa will cover the mission, features and technology areas of the three agencies,
strategies for targeting your proposal to meet reviewers’ expectations, how to approach development of the your proposal, tips on navigating the submission process, and more.

DAY TWO – THURS, OCTOBER 22ND

Lisa will focus on essential commercialization strategies that could make or break your proposal. Short presentations highlighting Connecticut Innovations’ BioScience, SBIR/STTR and CTNext funding initiatives will also be included. The afternoon will consist of one-on-one meetings to discuss your company’s technologies and funding goals.

Location

UConn Health Center Cell and Genome Sciences Building
Edmund and Arlene Grossman Auditorium
400 Farmington Avenue
Farmington, CT 06030

Non UConn attendee parking is available in Area 3 only.

Connecticut Bioscience Innovation Fund Invests $10 Million in Program in Innovative Therapeutics for Connecticut’s Health (PITCH)

Connecticut Innovations-managed fund supports new program to help translate Connecticut’s academic biomedical research into new ventures and jobs

ROCKY HILL, Conn., September 10, 2015 – BioInnovation Connecticut, managed by Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced a three-year, $10 million investment in the Program in Innovative Therapeutics for CT’s Health (PITCH) through the Connecticut Bioscience Innovation Fund (CBIF).

The program, led by Dr. Craig Crews of Yale University and Dr. Dennis Wright of the University of Connecticut (UConn), looks to structure and oversee the creation of new biopharma and biotechnology ventures based on research from the state’s higher education system.

“This program directly aligns with the overall mission of our fund,” said Dr. Margaret Cartiera, vice president and fund manager of BioInnovation Connecticut at CI. “Not only does this program create collaborative links among Connecticut’s college institutions, but it also encourages the commercialization of research coming out of the universities.” 

The statewide academic initiative will focus on translating the basic science discoveries into attractive data packages to secure external investment for the creation of new ventures.

“The U.S. pharmaceutical industry is undergoing a major transformation driven by patent expiries, diminishing drug pipelines and the high cost of conducting internal research and development,” said Crews. “This is the optimal time to launch new biotech companies and this program is designed to increase the speed in which it is done in our state. By leveraging prior investments in academic drug discovery at Yale and UConn, we are optimizing the way research is executed in our laboratories and increasing the chances of commercializing those discoveries.”

“This cross-university collaboration with UConn and Yale will showcase our collective strengths in the area of drug discovery and development,” said Wright. “UConn’s School of Pharmacy is uniquely positioned to engage at many stages of the development process and we look forward to working with the discoveries coming from the teams at Yale.”

The effort will partner Yale’s Center for Molecular Discovery at the former Bayer pharmaceutical site in West Haven, Conn. with a lead optimization core located in UConn’s School of Pharmacy and a target expression core located at UConn Health under the direction of Dr. Sandra Weller to create a new, multi-centered statewide academic drug discovery consortium.

Signed into law on Sept. 4, 2013, by Governor Dannel P. Malloy, the $200 million, 10-year Connecticut Bioscience Innovation Fund was created to provide focused financial assistance to startups, early-stage businesses, nonprofits and accredited colleges and universities throughout the state.

“We are taking Connecticut into the future by investing in – and committing to – bioscience, and this collaboration will boost the number of discoveries coming from our state,” said Governor Dannel P. Malloy. “We look forward to seeing the discoveries that come from the steps we’ve taken and the program in the future.”

For more information on qualifications, requirements, guidelines and applications for the BioInnovation Connecticut funds, visit www.bioinnovationct.com. For general questions related to the funds, please write: info@bioinnovationct.com.

About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; flexible loans for established companies with new innovations; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. Through all these initiatives, CI has helped bring $4 billion in financing to Connecticut companies. The state’s most active early-stage investor, CI has created more than 26,000 jobs. For more information on CI, please visit www.ctinnovations.com.

About BioInnovation Connecticut
Managed by Connecticut Innovations, BioInnovation Connecticut helps innovators speed bioscience discoveries toward commercialization, which is made possible through two key funds: The Connecticut Bioscience Innovation Fund (CBIF) and the Regenerative Medicine Research Fund. For more information on BioInnovation Connecticut, please visit www.bioinnovationct.com.

Editor’s Note: The actual amount of the CBIF investment is $9,999,995.
# # #

Media Contacts:

Lauren Carmody
Director of Public Relations
Phone: (860) 258-7829
Email: lauren.carmody@ctinnovations.com

Craig M. Crews, Ph.D.
Executive Director, Yale Center for Molecular Discovery
Phone: (203) 432-9364
Email: craig.crews@yale.edu

Dennis Wright, Ph.D.
UConn Professor of Pharmaceutical Science
Phone: (860) 486-9451
Email: Dennis.Wright@uconn.edu

Connecticut Bioscience Innovation Fund Information Session at Jackson Laboratory

As leaders in the bioscience industry, we wanted to invite you and those in your network to attend an informative session and Q&A on the Connecticut Bioscience Innovation Fund (CBIF) on Wednesday, Sept. 23, from 9 to 11 a.m. at The Jackson Laboratory for Genomic Medicine in Farmington, Conn.

We understand there may be companies, entrepreneurs, academics, investors and other professionals in your network who would benefit from learning more about CBIF’s mission, funding requirements and timing. We’re hoping you will extend the invitation to those parties and encourage them to attend.

Following the CBIF discussion, we are also arranging a tour of the The Jackson Laboratory for Genomic Medicine for anyone who may be interested.

To register for the event, visit: http://bioseminar.eventbrite.com.

We hope to see you there and appreciate your help with sharing the invite with your network.

Kind regards,

Dr. Margaret Cartiera
Vice President and Fund Manager, CBIF

Event Details:

Date: Wednesday, Sept. 23, 2015

Time: 9-11 a.m.

Location: The Jackson Laboratory Auditorium

Address: 10 Discovery Drive, Farmington, CT 06032

Registration: http://bioseminar.eventbrite.com.

 

20th Annual Connecticut New Venture Competition

$25,000 + in startup support services and cash grants

Application www.Back-Offices.com/college

Fall semester deadline: Thursday, November 19. Finalists will be posted Wednesday November 25. at 5:00 pm.

The first step in the entry process will be to create a user name and password. This will enable you and your team members to return to revise your draft summary prior to submitting. The judges will only consider information contained in the online application. Do not send supplemental material.

Finals (3-minute PowerPoint pitches plus Q&A.) Parents, classmates and friends are welcome to attend.

Spring Semester: Friday, December 11, at 1:00 pm, in New Haven. Finalists may present a Business Plan Executive Summary or a Business Model Canvas. (See next page for judging criteria.)

Business Plan Competition Prizes: All entrants will receive candid feedback from a business financing expert on their on-line executive summary. Press releases announcing the finalists and winners will be sent to the media. Cash and cash-equivalent service awards are granted to the student companies; trophies are awarded to the schools. Checks will be made out to the company and winners will need to provide an FEIN or SSN of the team leader. Categories:

    • Best Business Plan/Model – Venture Enterprise **

    • Best Business Plan/Model – Service Business **

    • Best Business Plan/Model – Social Enterprise

    • Best Consumer Product

    • Best Oral Presentation

    • Best Online Submission (written Executive Summary)

Eligibility Requirements:

  • The team leader and primary presenter must be a student at a Connecticut college or university during the current academic year. (Entries may be submitted by individuals or teams.) In keeping with the spirit of the competition to foster entrepreneurship, neither plans written for outside companies as student projects nor plans written on behalf of a company not student-owned and conceived are eligible.
  • Teams must have a faculty adviser from the submitting institution .

** Service businesses typically are smaller, have a limited or local market, and serve small businesses or consumers. Venture enterprises are generally higher risk, scalable, and require more capital but have higher potential returns. This is often a judgment call as many businesses have characteristics of both. The decision of the judges is final.

New Venture Capital Investment Competition (VCIC). Schools are invited to enter teams of finance majors, and other students interested in equity investment, to decide how they would allocate $100,000 among the business plan finalists. A trophy will be awarded to the team and school that recommends the most astute portfolio—including investment terms—in the opinion of investment industry judges. Finance teams will have access to written executive summaries in advance and are invited to conduct due diligence prior to the finals. The winning team will advance automatically to the regional finals of the national VCIC competition where they will evaluate post-rev companies seeking venture capital. To enter the VCIC competition, the faculty adviser or team leader is requested to submit the names and email addresses of the team members to Roer@EntrepreneurshipFoundation.org by Friday, November 13.

Click here to view the judging criteria.

Open 2016 Call for Proposals

We invite you to submit a proposal for review to Open 2016, the VentureWell 20th annual conference, taking place March 4-5 in Portland, OR.

VentureWell is dedicated to fostering an emerging generation of young inventors and entrepreneurs driven to improve life for people and the planet. The Open conferences gather faculty and university students from multiple disciplines to share stories, start new collaborations and learn best practices in invention, innovation and entrepreneurship education.

To read the full Call for Proposals and submit to Open 2016, please follow this link. Send your most creative, engaging and transferable ideas!

Abstracts are due October 2, 2015.

Connecticut Bioscience Innovation Fund Expands Definition of Early Stage to Increase Investment Opportunities

Connecticut Innovations-managed fund now allows companies that are up to seven years old to apply for funding

 ROCKY HILL, Conn., July 17, 2015 – BioInnovation Connecticut, managed by Connecticut Innovations (CI), the leading source of financing and ongoing support for Connecticut’s innovative, growing companies, today announced a change in legislation that allows companies up to seven years old to submit applications to the Connecticut Bioscience Innovation Fund (CBIF) for funding consideration.

CBIF seeks to drive innovation in the biosciences throughout Connecticut by providing focused financial assistance to startups, early-stage businesses, nonprofit organizations and accredited colleges and universities. Governor Dannel P. Malloy signed the updated legislation broadening the scope of companies eligible to apply on July 1, 2015. The language previously stated that to be eligible, companies could be no more than three years old.

“We know that the lifecycle of a bioscience company can be a long one,” said Margaret Cartiera, vice president and fund manager of BioInnovation Connecticut at CI. “Technology and team development in the early stages can sometimes move slowly, and clinical trials and regulatory requirements can lengthen the go-to-market process for many bioscience companies. We want to make sure we offer funding to companies to continue their work when they need it most. This decision, supported by our advisory committee and Governor Malloy, will allow us to help companies at a critical time in their progress and provide the fund with additional investment opportunities.”

Connecticut-based for-profit startup or early-stage businesses (to which this change directly applies), non-profit corporations, and accredited colleges and universities working in bioscience, biomedical engineering, health information management, medical care, medical devices, medical diagnostics, pharmaceuticals, personalized medicine or other related disciplines are eligible to apply. All company applicants seeking CBIF funding must be registered in Connecticut through the Secretary of State’s office.

For more information on qualifications, requirements, guidelines and applications for the BioInnovation Connecticut funds, visit www.bioinnovationct.com. For general questions related to the funds, please write: info@bioinnovationct.com.

About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; flexible loans for established companies with new innovations; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. Through all these initiatives, CI has helped bring $4 billion in financing to Connecticut companies. The state’s most active early-stage investor, CI has created more than 26,000 jobs. For more information on CI, please visit www.ctinnovations.com.

About BioInnovation Connecticut
Managed by Connecticut Innovations, BioInnovation Connecticut helps innovators speed bioscience discoveries toward commercialization, which is made possible through two key funds: The Connecticut Bioscience Innovation Fund (CBIF) and the Regenerative Medicine Research Fund. For more information on BioInnovation Connecticut, please visit www.bioinnovationct.com. 

‘Accelerate UConn’ Begins

Posted on May 5, 2015

New Program Prepares to Welcome Inaugural Teams of Inventors

The University of Connecticut is launching a new program, called Accelerate UConn, which will encourage and fund student and faculty teams interested in developing technology-focused start-up companies.

The program is made possible by a $100,000, one-year grant from the National Science Foundation Innovation Corps (I-Corps), that may be extended for two additional years.

Successful applicants to the Accelerate UConn program will qualify for start-up grants of up to $3,000, learn how to assess their technology or concept from a business perspective, benefit from the expertise of industry mentors, pursue many networking opportunities and compete for $15,000 summer fellowships.

Applications for start-up grants are due in late September. Students interested in applying should register beginning May 11. A series of workshops before the application deadline will help prepare entrepreneurial teams for a competitive application. To register for one of the launch events, go to http://www.accelerateuconn.eventbrite.com.

“I am delighted that the National Science Foundation (NSF) is acknowledging UConn’s strong pipeline of innovative technology and promising entrepreneurial growth with the designation of an NSF I-Corps site here,” said Vice President for Research Jeff Seemann, principal investigator.

“Our faculty, post docs, graduate and undergraduate students can utilize this unique tool to assess the commercial viability of their ideas at the earliest stages of development,” he said. “Accelerate UConn will help the University deliver on the promise of NextGen CT–Gov. Malloy’s initiative to expand educational opportunities, research and innovation in science, technology, engineering and math at UConn over the next decade—and Bioscience CT—a commitment to foster bioscience in Connecticut as a key component of the economy—with growth in research awards, new industry partnerships, the creation of emerging technology companies and graduates that remain here in Connecticut.”

Tim Folta, a professor of management, the faculty director of the Connecticut Center for Entrepreneurship and Innovation and co-principal investigator of the program, said he believes Accelerate UConn will capitalize on a growing movement.

“After being at UConn for nearly two years now, I am sensing a strong undercurrent of interest in innovation and entrepreneurship that is ready to emerge in greater force,” he said.

“We believe Accelerate UConn will energize and invigorate this interest through its Start-Up Grant program, and nurture it through entrepreneurial training and resources commensurate with other I-Corps sites around the country. We couldn’t be more pleased to launch this program in May, and ramp it up further when students return in the fall.”

Accelerate UConn welcomes teams from Storrs, all five regional campuses, the Law School, UConn Health and the Graduate Business Learning Center in Hartford. Teams from the University’s Innovation Quest (iQ) program, which also nurtures entrepreneurship, are welcome to apply.

Each three-member Accelerate UConn team will ideally have an academic or faculty member, an entrepreneurial leader and a mentor.

Accelerate UConn launch events are listed below. Interested entrepreneurs should register for them at www.accelerateuconn.eventbrite.com:

  • Avery Point, Academic Building, Room 106—May 11 from 11:30 a.m. to 12:30 p.m.
  • UConn Health Center, Onyiuke Dining Room—May 14 from 5:30 to 7 p.m.
  • Storrs, Student Union, Room 304B–May 19 from 3:30 to 5 p.m.
  • Stamford, Stamford Learning Accelerator Rotunda—May 21 from 4 to 5:30 p.m.