BioInnovation Connecticut, managed by Connecticut Innovation, has announced a change in legislation that allows companies up to seven years old to submit applications to the Connecticut Bioscience Innovation Fund for funding consideration.

“We know that the lifecycle of a bioscience company can be a long one,” said Margaret Cartiera, vice president and fund manager of BioInnovation Connecticut at CI. “We want to make sure we offer funding to companies to continue their work when they need it most. This decision, supported by our advisory committee and Governor Malloy, will allow us to help companies at a critical time in their progress and provide the fund with additional investment opportunities.”

press release
article in Hartford Business