CT SB01173

Establishes a "preseed financing account" as a separate, nonlapsing account within the General Fund to fund Connecticut Innovations, Incorporated's preseed program

Connecticut Innovations, Incorporated shall provide preseed financing to Connecticut businesses for proof of concept development and support services, with financial assistance capped at $150,000 per eligible business

Eligible businesses must be principally located in Connecticut, have at least 75% of employees working in Connecticut, and demonstrate private investment of at least $0.50 for every $1.00 of financial assistance sought

Expands the definition of "private investment dollars" to include funds from public institutions of higher education (excluding state appropriations and student tuition/fees) used for commercializing technology owned by public universities

Allows Connecticut Innovations, Incorporated to contract with nonprofit corporations to operate the preseed program under chapter 55a