State of Connecticut invests in developing state-wide angel network

Connecticut Announces Connecticut Venture Group

The Angel Investor Program is part of the state’s Next Generation Competitiveness Strategy, which encourages collaboration among business, government and academia and focuses on common or cross-cutting issues that impact economic development.

In a new effort to help Connecticut entrepreneurs become more competitive and enhance the next generation of technology, Connecticut Gov. M. Jodi Rell and Department of Economic and Community Development (DECD) Commissioner James Abromaitis recently announced that the state will invest nearly $90,000 in The Connecticut Venture Group (CVG) to develop an Angel Investor Program.

The funding from the DECD will be used to assist emerging technology and other early stage companies by linking them with potential investors. The Angel Investor Program is part of the Governor’s Next Generation Competitiveness Strategy, which encourages collaboration among business, government and academia and focuses on common or cross-cutting issues that impact economic development.

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