Connecticut Innovations

A state fund that has backed more than 100 Connecticut bioscience startups since 2013 is running low on capital — and lawmakers are weighing whether to refill it.

Connecticut Innovations (CI), the state’s quasi-public venture capital arm, said Wednesday it generated about $41 million in returns during the second quarter of its fiscal year, which ended Dec. 31 — a sharp increase from $7 million in the first quarter.

Connecticut Innovations, the state’s quasi-public venture investment firm, has invested in Indian cybersecurity firm CloudSEK, which said it is the first Indian-origin cybersecurity company to receive funding from a U.S. state-backed venture fund.

Connecticut Innovations failed to adequately track compliance, measure outcomes and align incentives while administering the state’s Angel Investor Tax Credit Program, according to a new state audit.

Connecticut Innovations (CI), the state’s quasi-public venture capital arm based in New Haven, said Monday it invested approximately $11.3 million in 25 companies and venture funds during the first quarter of its fiscal year, which ended on Sept. 30.

Connecticut Innovations (CI), the state’s venture capital agency, said Thursday it invested $45.8 million in 67 companies and venture funds in the fiscal year that ended June 30.

Gov. Ned Lamont has proposed creating a new state venture capital fund dedicated to investing in startups...

Connecticut Innovations (CI), the state’s quasi-public venture capital arm, said Wednesday that it invested approximately $7.8 million...

Six months after financially struggling Cara Therapeutics Inc. announced it was “exploring strategic alternatives,” the Stamford-based company...

Connecticut Innovations (CI), the state’s venture capital unit based in New Haven, said Thursday it invested approximately...