Connecticut Innovations has launched the first-round application period for VentureClash, Connecticut’s $5 million global investment challenge for early-stage digital health, financial technology, Internet of Things and insurance technology companies.

The VentureClash challenge launches the first-round application on March 1, 2017. Companies will have until June 9, 2017, to submit the first-round application.​

The top award for the challenge will be a $1.5 million investment. There will be two second-place winners that will receive a $1 million investment, and up to three runners-up will each receive a $500,000 investment.