The state’s venture capital arm and Yale University in New Haven said they’ve launched a $2.5 million fund to support promising ventures emerging from the college’s entrepreneurship program.
The YEI Innovation Fund aims to provide $100,000 to companies born from the Yale Entrepreneurial Institute and its summer fellowship program.
New Haven’s Elm Street Ventures will manage the fund.
CI’s CEO Claire Leonardi said in a statement that the institute has provided some of CI’s best early-stage portfolio companies.
Yale said there are 75 active YEI companies around the country that have raised more than $66 million in funding and created 300 jobs, 70 of which are in Connecticut. Some of the stand-out YEI ventures include database analytics company Hadapt, forest-monitoring software maker SilviaTerra and medical technology maker Ancera.
