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External Funding

Connecticut Bioscience Innovation Fund: CBIF seeks to drive innovation in the biosciences throughout Connecticut by providing focused financial assistance to startups, early-stage businesses, nonprofit organizations and accredited colleges and universities. Up to $500,000 is available to qualified projects.

Connecticut Innovations Pre-Seed Fund: Connecticut Innovation’s Pre-Seed Fund supports the formation of new Connecticut technology companies by providing funding, mentoring and resources to turn ideas into early-stage technology companies. In addition to providing equity, CI offers advice, support and introductions to powerful connections that help founders develop a commercially viable business. This fund provides up to $150,000 for pre-seed expenses and requires at least a 50% match from private sources.

Crowdfunding @ Yale: The Yale Entrepreneurial Institute has partnered with Kickstarter in launching a Yale-curated Kickstarter page. This page is available to any Yale students, faculty, researchers or alumni who would like to showcase their Kickstarter projects. We hope this platform will draw more attention to Yale entrepreneurs and their innovative and creative endeavors across the world.

Dorm Room Fund: Dorm Room Fund is a student-run venture capital firm that invests in student-run companies. They provide $20,000 in seed financing, business and legal resources and connections to experienced mentors and the broader DRF entrepreneur community. Sweyn Venderbush, Yale College ‘18, and David Chi, Yale College ‘16, are Dorm Room Fund’s two Yale student investment partners. They hold office hours at YEI. To sign up, email svenderbush@dormroomfund.com and/or dchi@dormroomfund.com

SBIR/STTR: There’s a wealth of grant money available to researchers through the government’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer programs (STTR). Faculty who form a startup around their innovative research are eligible for up to $150,000 in Phase I grant money and up to $1,000,000 in Phase II grant money. What’s more, through the SBIR Acceleration and Commercialization Program from Connecticut Innovations, awardees can receive matching grants of up to $40,000, allowing researchers to gather additional data, protect intellectual property, conduct market research and more. Qualifying companies may apply for up to two of these CI grants per year. Contact merrie.london@ctinnovations.com.