Venture Debt - Connecticut Innovations

About this program

Connecticut Innovations (CI) provides venture debt financing of $1M–$5M through its Venture Debt Fund, typically with 3–5 year maturities, backloaded principal payments to preserve cash flow, warrants as part of pricing, and priority (occasionally subordinated) liens as collateral. CI focuses on technology-based companies in bioscience, information technology, climate tech, photonics, and advanced materials that are based in Connecticut or willing to relocate/expand there. Eligible applicants include early-stage firms lacking positive cash flow and later-stage companies with positive cash flow, especially those with limited tangible assets for collateral; CI favors proprietary IP, deep technical expertise, or a meaningful first-mover advantage. Applicants must submit a pitch deck via CI’s online form and be willing to relocate/expand to Connecticut to be considered.