The administration aims to distribute
The state is borrowing the money to help build a bioscience cluster around
For professors, the money has to be used to commercialize a discovery, and the state hopes to recoup its money through sharing in future royalties. The companies have to show the potential for high growth and offer the state an equity stake, either directly or through the mechanism of convertible debt.
Connecticut Innovations hopes to find recipients for
About 15 people attended an information session Thursday with
"Commercializable, that's the key word here today," Crisp said. He said applicants who have an industry-academic link, federal research funding, or who have other investors putting in money alongside the state, will have an advantage.
Applicants will be judged each quarter, with the first deadline in the middle of March, and the first money will go out in late summer, Crisp said.
While academic or industrial partners can be outside
For more information, visit http://ctinnovations.com/program/30
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