Both spin-out companies and individual university researchers are receiving investments through a $200m BioScience Fund.
Connecticut Innovations (CI) is making its first investments in the form of both grants and loans worth a total of about $2m. The state-funded venture capital agency’s money comes via its $200m Bioscience Fund, which will be investing over the next 10 years.
The first spin-out to receive an investment is Connecticut University (UConn) spin-out Dura Biotech. Dura is looking at a $400,368 loan, with an option for CI to convert it into an equity stake. The loan will fund…
