Help for Entrepreneurs
Connecticut Innovations (https://ctinnovations.com/) is Connecticut’s strategic venture capital arm and is the leading source of financing and ongoing support for innovative, growing companies. By offering equity investments, strategic guidance and introductions to valuable partners, we enable promising businesses to thrive.
CTNext (https://ctnext.com/) has an array of programs and resources that can help you if you’re just beginning to transform your idea into reality, or if you’re ready to grow and need resources, or if you are positioned to scale your business to the next level and beyond.
Help for Investors
The state of Connecticut offers an Angel Investor Tax Credit Program, administered through Connecticut Innovations to encourage accredited angel investors to support local startups that are Qualified Connecticut Business. To qualify for the tax credit an accredited investor or network of accredited investors must invest at least $25,000 or up to a capped investment of $2 million. If the investment, investor, and business qualify for the tax credit the investor will receive a tax credit of 25% of the investment to take against their Connecticut state income tax.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.
