Sec. 32-39u. Start-up businesses in designated innovation place located in a single municipality. Grant-in-aid program.

Connecticut Innovations, Incorporated shall establish a program to provide grants-in-aid on a competitive basis to start-up businesses located in, or relocating to, a single municipality in which a designated innovation place is located, provided Connecticut Innovations, Incorporated shall select such single municipality. Such grants-in-aid shall be in an amount equal to fifty thousand dollars per business. The corporation shall provide a business receiving such grant-in-aid with mentoring opportunities, access to coworking space or business accelerators located within such single municipality for one year, talent acquisition services, access to angel or venture capital networks and access to a community of entrepreneurs. The corporation shall consider making an equity investment in a business receiving such grant-in-aid.

(May Sp. Sess. P.A. 16-3, S. 29.)

History: May Sp. Sess. P.A. 16-3 effective July 1, 2016.