Funding

Funding is available on a competitive basis to UConn-affiliated and Connecticut-based companies through many state-funded and private sources. Grants and funding are also available for intellectual property and emerging technology to those in the early stages of forming a business. For a list of funding sources available for idea development, for businesses in the startup phase, and for established businesses, please see below.

All funding is in the form of grants unless otherwise indicated in the Program description.

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Idea Development

Accelerate UConn

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Funding Potential: Up to $3,000 per team

Eligibility: Student- and faculty-led teams across UConn

Prerequisites: None

Timeline: Fall cohort deadline September 14, 2018; Spring cohort deadline in February

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Entrepreneur Innovations Award (EIA)

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Funding Potential: Up to $10,000

Eligibility: Any Connecticut startup. See website for detailed eligibility requirements

Prerequisites: None

Timeline: TBD

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Healthcare Innovations

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Funding Potential: Between $1,000 and $2,000 and up to $4,000 from Venturewell grant

Eligibility: Current UConn Nursing Students and E-Teams with Engineering

Prerequisites: None

Timeline: TBD

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Innovation Quest (IQ)

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Funding Potential: Top three winners get $15,000, $10,000, and $5,000 respectively. Top 8-10 receive an invitation to Summer Incubator.

Eligibility: UConn undergraduate and graduate students, as well as those who have graduated within one year

Prerequisites: Creative Ideas

Timeline: Application deadline March 29th

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PITCH (Program in Innovative Therapeutics for Connecticut’s Health)

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Funding Potential: Amount varies

Eligibility: Scientists from Yale or UConn with compelling projects that meet a new clinical demand or offer a significant improvement over an existing treatment

Prerequisites: See website for prerequisites requirements

Timeline: Application deadlines March 15, July 15, and November 15

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START Preliminary Proof of Concept Fund

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Funding Potential: Up to $10,000

Eligibility: See website for full eligibility requirements

Prerequisites: See website for prerequisites requirements

Timeline: Submission dates are on a quarterly basis: July 1, October 1, January 1, and April 1

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Summer Fellowship

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Funding Potential: Up to $15,000

Eligibility: Student and faculty led teams across UConn

Prerequisites: None

Timeline: TBD

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UConn IDEA Grant

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Funding Potential: Up to $4,000 per student

Eligibility: See website for full eligibility requirements

Prerequisites: None

Timeline: Applications due in December for Summer Funding and March for Academic Year Funding

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Wolff New Venture Competition

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Funding Potential: $15,000 Grand Prize

Eligibility: As listed above

Prerequisites: CCEI Summer Fellowship (top five)

Timeline: TBD

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Startup Phase

Bioscience Pipeline

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Funding Potential: Up to $30,000

Eligibility: CT-based bioscience company striving to qualify for $500,000 CT Bioscience Innovation Fund (CBIF)

Prerequisites: Company with 10 or less employees or $100,000 in funding. May apply for $500,000 CBIF in parallel but can only accept one.

Timeline: Applications due October/April

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Connecticut Bioscience Innovation Fund (CBIF) Investment

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Funding Potential: Up to $500,000 stand-alone investment and up to $2,000,000 with co-investment

Eligibility: Connecticut-based bioscience companies with majority of employees in Connecticut or academic technology close to commercialization with a spinout into a company or license.

Prerequisites: a) Not yet available for commercial release or b) commercially available in a limited manner, including market testing of prototypes and certain clinical trials.

Timeline: Company business plans/investor decks accepted on a rolling basis; academic applications accepted by the end of each calendar quarter

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Connecticut Innovations Pre-Seed Fund Investment

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Funding Potential: Up to $150,000 for pre-seed expenses; requires at least a 50% match from private sources. If match comes from management or founders, the expectation is that funds won't be used for their salaries.

Eligibility: Company in operation for fewer than seven years; developing a technology; nonrecurring revenue from non-grant sources of less than $2,000,000; fewer than 25 employees with 75% or more who work in Connecticut.

Prerequisites: For detailed prerequisite information, visit CT Innovations.

Timeline: Rolling application process

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SBIR/STTR (Small Business Innovation Research program/Small Business Technology Transfer program)

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Funding Potential: A Phase I award (including modifications) may not exceed $163,952 and a Phase II award (including modifications) may not exceed $1,093,015

Eligibility: Small Businesses, Nonprofit Research Institutions. For detailed eligibility requirements, visit SBIR.gov

Prerequisites: For detailed prerequisite information, visit SBIR.gov

Timeline: Various. See current deadlines.

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SPARK Technology Commercialization Fund

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Funding Potential: Up to $50,000

Eligibility: Undergraduate and graduate students are eligible only if associated with faculty proposal. Any UConn or UConn Health investigator with technology that has realistic commercial potential. Basic research projects aren’t eligible.

Prerequisites: None; Existing intellectual property a plus.

Timeline: Letter of Intent due ~9/1, full proposals by invitation due ~10/15, presentations to selection committee ~11/1. Awards are announced mid-November.

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Third Bridge Grant

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Funding Potential: Between $10,000 to $75,000 per student startup

Eligibility: Current and former ENGR-5300 students

Prerequisites: For detailed prerequisite information, visit CT Innovations.

Timeline: TBD

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UConn Innovation Fund Investment

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Funding Potential: Up to $100,000

Eligibility: Startups must have an affiliation with UConn including students, faculty, alumni, or participation in TIP. They also must have a presence in Connecticut.

Prerequisites: Early stage growth companies on the path to commercialization and moving toward SBIR/STTR or angel funding.

Timeline: Three times per year. See current schedule.

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Established Companies

Connecticut Manufacturing Simulation Center (CMSC)

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Funding Potential: Case-by-case basis

Eligibility: Small-to-medium enterprise (SME) located in CT

Prerequisites: Established company with technology and/or manufacturing focus

Timeline: Rolling application process

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DECD Small Business Express Program (EXP)

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Funding Potential: Please visit the EXP Website for funding information

Eligibility: Participating businesses must be at least one year old, registered in Connecticut, and have fewer than 100 employees.

Prerequisites: Please visit the EXP Website for prerequisites

Timeline: Rolling application process

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Quiet Corner Innovation Cluster (QCIC)

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Funding Potential: Case-by-case basis

Eligibility: Small-to-medium enterprise (SME) located in eastern CT

Prerequisites: Established company with technology and/or manufacturing focus

Timeline: Rolling application process

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Technology Talent Bridge Internship Program

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Funding Potential: Up to $25,000

Eligibility: Participating businesses must be at least one year old, registered in Connecticut, and have fewer than 500 employees.

Prerequisites: For detailed prerequisite information, visit CTNext.

Timeline: Rolling; May 1st for summer interns only

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