While one part of the state is encouraging private creation of accelerator programs (and providing some matching funds for the first few years), another part of the state is doing it now. In the last week or so, Connecticut Innovations has announced the TechStart Fund for student or early stage technology companies. I’m excited we’re going to be neighbors in Science Park.
I talked to Luke Weinstein (one of the mentors) and got the scoop. I love the speed with which this is coming together!
It’s a 10 week accelerator program with $25,000 in non-recourse loan to the company (CI does not get any ownership in the company or require any personal guarantee for paying the loan back). At least half the team is expected to participate in New Haven fulltime during the program which starts in early March.
If you’re interested, act fast as the deadline to apply is Feb 22.
Let me know if you’ve heard any more details.
