Life Sciences Key Programs
Connecticut Bioscience Innovation Fund (CBIF)
$204 million that provides up to $500,000 to help commercialize life sciences breakthroughs. $56.5M awarded to 97 projects.
R&D Tax Credit
Tax credit related to research and experimental expenditures conducted in Connecticut.
Angel Investment Tax Credit
Specific to angel investors with a cash investment of $25,000 or more.
Manufacturing and Biotechnology Sales and Use Tax Exemption
Sales tax exemptions for purchases or machinery, materials, tools and fuel used directly in the manufacturing production process. Also, for sales of the storage, machinery, equipment, tools, materials, supplies and fuel in the biotechnology industry.
Bioscience Enterprise Zone
For eligible businesses that have had more than 300 employees at any time during the preceding 12 months and are engaged in life sciences, biotechnology, pharmaceutical or photonics research, development or production in the state.
SBIR Acceleration and Commercialization program
The goal of the Small Business Innovation Research (SBIR) Acceleration and Commercialization program is to increase the participation of Connecticut-based firms in federal SBIR and STTR grant programs.
Bio Pipeline CT
The University of Connecticut, Yale University, and Quinnipiac University have joined forces with Connecticut Innovations and the Bioscience Innovation Fund to help you commercialize biomedical technology innovation (medical devices, diagnostics, and health information technology). This $1 million, two-year initiative provides up to $30,000 per project for much- needed gap funding to seedling companies or faculty and student groups associated with any Connecticut university.
Program in Innovative Therapeutics for Connecticut’s Health (PITCH)
Collaboration between Yale and UConn to help academic projects cross the Valley of Death between public and private sector development activities.
CTNext
Network of services offered to entrepreneurs. Also offers Technology Talent Bridge Internship Program.
BioCT
Programs and facilities to help grow the life sciences ecosystem. Includes Innovation Commons and Bioscience Clubhouse CT.
Yale University Center for Biomedical Innovation and Technology (CBIT)
Consortium of engineers, clinicians, scientists, innovators and entrepreneurs to help incubate, support, implement, and potentially bring to market novel technical approaches to address under-met clinical needs.
The Blavatnik Fund for Innovation at Yale
Supports Yale faculty in the commercialization of applied research and technology in life sciences. Pilot grants up to $100,000; development grants up to $300,000.
Public Act 18-147 Tax Deduction
For income generated by investments in eligible Connecticut-based life science businesses.
Next Generation Connecticut
Initiative to greatly expand educational opportunities, research, and innovation in the science, technology, engineering, and math (STEM) disciplines at UConn.
Life Science Incubators
UCONN Technology Incubator Program (TIP) Farmington, Innovation Commons Groton, BioCT incubator at Pierce Labs (coming Q3 2021), BioLabs Incubator (Q2 2023)