Connecticut Innovations (CI), a
quasi-public agency that is a source of financing and support for Connecticut's
innovative, growing companies, recently announced a $5 million global
investment challenge called VentureClash. Starting April 28, 2016, early-stage digital
health and financial technology companies can apply for a chance to win a CI
investment.
The
first-place winner will receive a $1.5 million investment, the second-place
winner will receive a $1 million investment, and four runners-up will each
receive a $500,000 investment. The winners
will also receive mentoring, grants, and other assistance. First-round applications must be submitted by
June 30, 2016.
To qualify,
a company must:
- have been in business for at least 12 months;
- have paying customers or customers who are
actively testing the applicant's product;
- be willing to establish a Connecticut presence;
and
- be focused on digital health or financial
technology.
The
selection process will include two rounds of judging, an in-person competition
at Yale University, and a four-week development and orientation program.
Read more
about the challenge on CI’s website.
