Connecticut Innovations (CI) will administer a new $9 million “Connecticut Clean Tech Fund” which will make investments in seed- and early-stage companies focused on innovations that conserve energy and resources, protect the environment or eliminate harmful waste.
The Connecticut Clean Tech Fund was formed through a partnership between Connecticut Innovations (CI), the Department of Economic and Community Development (DECD) and the Connecticut Clean Energy Fund (CCEF). CI and DECD have each made an initial commitment of $3 million to launch the fund. CCEF has pledged an additional $3 million for investments into companies that meet its criteria.
In addition to Connecticut companies that meet the fund’s eligibility requirements, businesses interested in establishing a significant presence in the state now have the opportunity to receive investment capital from the Connecticut Clean Tech Fund, including renewable energy generation, energy efficiency, environmental remediation, clean water, renewable fuel, and other considered appropriate technologies.