SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                    FORM 10-Q



[  x  ]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

                    For the six months ended - April 30, 1997

                                       OR

[     ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from                  to                           .
                              -----------------    --------------------------

                         Commission file number 0-25312

                       STARTECH ENVIRONMENTAL CORPORATION
              -----------------------------------------------------
             (Exact name of registrant as specified in its charter)


State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization                        Identification No.)
        Colorado                                        84-1286576

                             79 Old Ridgefield Road
                                Wilton, Connecticut              06897
                  (Address of principal executive offices)      Zip Code

                                 (203) 762-2499
               ---------------------------------------------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months,  and (2) has been subject to such filing  requirements
for the past 90 days.

                             YES    X        NO
                                 -------         -------

           Securities registered pursuant to Section 12(g) of the Act:

     Title of each class                     Outstanding at June 13, 1997
     -------------------                     ----------------------------

    Common Stock - No Par                             6,859,256





<PAGE>



                       STARTECH ENVIRONMENTAL CORPORATION

                                      INDEX

                                                                     PAGE NO.
                                                                     --------

PART I - FINANCIAL INFORMATION
------------------------------

Item 1.   Financial Statements

             Balance Sheet - April 30, 1997
             and April 30, 1996                                          3

             Statement of Operations for the quarters and
             six months ended April 30, 1997 and 1996                    4

             Statement of Cash Flows for the quarters and
             six months ended April 30, 1997 and 1996                    5

             Notes to Financial Statements                               6

Item 2.   Management's Discussion and Analysis of Financial
             Condition and Results of Operations                         7-8

PART II - OTHER INFORMATION
---------------------------

             Item 1.  Legal Proceedings                                  9
             Item 2.  Changes in Securities                              9
             Item 3.  Defaults Upon Senior Securities                    9
             Item 4.  Submission of Matters to a Vote of
                         Security Holders                                9
             Item 5.  Other Information                                  9
             Item 6.  Exhibits and Reports on Form 8-K                  10

SIGNATURE                                                               11
---------                                                               










                                        2

<PAGE>


                         PART I - FINANCIAL INFORMATION
                         ------------------------------

ITEM 1.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.


                       STARTECH ENVIRONMENTAL CORPORATION
                                  BALANCE SHEET
                             APRIL 30, 1997 and 1996

ASSETS                                                 1997            1996

Current Assets:
         Cash and cash equivalents                 $ 1,288,634      $   245,970
         Other current assets                           32,661             --
                                                   -----------      -----------

         Total Current Assets                        1,321,295          245,970

Other Assets                                           100,000          100,000
                                                   -----------      -----------

         Total assets                              $ 1,421,295      $   345,970
                                                   ===========      ===========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
         Accounts payable                          $     9,210      $    21,043
         Accrued interest                                6,000            6,000
         Investor deposits                             700,102
         Notes payable - short term                    100,000          100,000
         Other accrued expenses                         41,762
                                                   -----------      -----------

         Total Current Liabilities                 $   857,074      $   127,043
                                                   -----------      -----------

Stockholders' (deficit) equity:
         Preferred stock, no par value
         10,000,000 shares authorized,
         no shares issued or outstanding

         Common stock, no par value,
         800,000,000 shares authorized;
         shares issued and outstanding:
         6,859,256 at April 30, 1997 and
         5,892,174 at April 30, 1996                 1,627,262          509,165

         Additional paid-in capital                        300              300

         Accumulated deficit                        (1,063,341)        (290,538)
                                                   -----------      -----------

         Total Stockholders' equity                    564,221          218,927
                                                   -----------      -----------

                                                   $ 1,421,295      $   345,970
                                                   ===========      ===========









                       See notes to financial statements.

                                        3

<PAGE>
<TABLE>
<CAPTION>
                                        STARTECH ENVIRONMENTAL CORPORATION
                                              STATEMENT OF OPERATIONS


                                                  Quarter Ended      Quarter Ended     Six Months Ended     Six Months Ended
                                                  April 30, 1997     April 30, 1996      April 30, 1997      April 30, 1996
                                                  --------------     --------------      --------------      --------------

<S>                                                 <C>                <C>                <C>                <C>        
Revenue                                             $    10,000        $    10,000        $    10,000        $    10,000

Operating expenses
         Selling expense                                 16,688             15,394             57,136             46,323
         General and administrative expense             176,162            127,051            317,124            213,707
                                                    -----------        -----------        -----------        -----------

         Total operating expense                        192,849            142,445            374,259            260,030

Loss from operations                                   (182,849)          (132,445)          (364,259)          (250,030)

Other income (expense):
         Interest income                                  8,118                390             13,160                390
         Interest expense                                (2,250)            (2,250)            (4,500)            (4,500)
                                                    -----------        -----------        -----------        -----------

         Total other income (expense)                     5,868             (1,880)             8,660             (4,110)

Income tax expense                                                                                550

Net loss                                            ($  176,982)       ($  134,305)       ($  356,150)       ($  254,140)
                                                    ===========        ===========        ===========        ===========

Net loss per share                                  ($     0.03)       ($     0.02)       ($     0.06)       ($     0.05)

Weighted average common
shares outstanding                                    6,859,256          5,581,250          6,354,815          5,403,000
















                                         See notes to financial statements.

                                                         4
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                        STARTECH ENVIRONMENTAL CORPORATION
                                              STATEMENT OF CASH FLOWS


                                                        Quarter Ended      Quarter Ended    Six Months Ended   Six Months Ended
                                                        April 30, 1997     April 30, 1996    April 30, 1997     April 30, 1996
                                                        --------------     --------------    --------------     --------------
Cash flows from operating activities:
<S>                                                       <C>               <C>               <C>               <C>         
Net loss                                                  ($  176,982)      ($  134,306)      ($  356,150)      ($  254,140)


(Increase) decrease in other current assets                   (18,525)                            (21,810)           (4,721)
Increase (decrease in current liabilities:
Accounts payable                                              (30,726)           (5,923)          (18,195)            1,120
Accrued expenses                                                8,250             2,250            10,500             4,500
                                                          -----------       -----------       -----------       -----------

Net cash used in operating activities                        (215,983)         (137,978)         (385,655)         (253,241)
                                                          -----------       -----------       -----------       -----------

Cash flows from financing activities:
Subscriptions to common stock                                (258,273)                            420,102
Proceeds from issuances of common stock net                   973,428           136,997           973,428           409,465
                                                          -----------       -----------       -----------       -----------
Net cash provided from financing activities                   715,155           136,997         1,393,530           409,465
                                                          -----------       -----------       -----------       -----------


Net Increase (decrease) in cash and cash equivalents          499,172              (981)        1,007,876           158,224
                                                          -----------       -----------       -----------       -----------


Cash and cash equivalents at beginning of period              789,482           246,951           280,769            89,746


Cash and cash equivalents at end of period                $ 1,288,634       $   245,970       $ 1,288,634       $   245,970
                                                          ===========       ===========       ===========       ===========




Supplemental disclosure of cash flow information:

Cash paid during the period for interest                  $         0       $         0       $         0       $         0

Issuance of common stock for vendor advance               $         0       $   100,000       $         0       $   100,000













                                         See note to financial statements.

                                                         5
</TABLE>


<PAGE>

                       STARTECH ENVIRONMENTAL CORPORATION
                          NOTES TO FINANCIAL STATEMENTS


Note 1.  Basis of Presentation

STARTECH   Environmental   Corporation   (the   "Company")  is  engaged  in  the
commercialization   and  continued   development  of  an  innovative  processing
technology for recycling industrial wastes.

Net loss per share is  determined  by dividing net loss by the weighted  average
number of common shares outstanding during the period. Common share equivalents,
which consist of stock which may be issuable upon exercise of outstanding  stock
options and warrants,  have been excluded  from the weighted  average  number of
common shares since their effect is anti-dilutive.

Certain  reclassifications  have  been  made for  consistent  presentation.  The
reclassifications  have no effect on the net loss for the period ended April 30,
1997.

The information furnished is unaudited and reflects all adjustments  (consisting
of only normal recurring  adjustments) which, in the opinion of management,  are
necessary  for a fair  presentation  of the  financial  position  and results of
operations for the interim periods. The accompanying financial statements should
be read in  conjunction  with the  Company's  financial  statements  and related
footnotes  for the year  ended  October  31,  1996  which  are  included  in the
Company's  annual report on form 10-K. The results of operations for the quarter
ended April 30, 1997 do not  necessarily  indicate the results  expected for the
full year.


Note 2.  Equity Transactions

During  the  quarter  ended  April 30,  1997,  the second  phase of the  Private
Placement of August 28, 1996 commenced.  The second phase was closed  subsequent
to the end of the period being reported herein. As of the date of this report in
excess of $800,000  representing  payment for  approximately  115,000 shares has
been received as a result of the second phase. However, a final determination of
the  investors'  qualifications  has  not  been  completed.  Therefore,  a final
investment amount cannot be determined at this time.







                                        6

<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS.


Results of Operations
---------------------

1997 vs 1996
------------

In 1997 and  1996  the  Company  earned  $10,000  in  revenue  for  professional
services.  Operating  expenses were $192,849 in the quarter ended April 30, 1997
($374,259 for six months) compared with $142,445 in the quarter and $260,030 for
the six months a year ago. The nature of the operating  expenses  continue to be
primarily for selling, demonstration and general and administrative purposes.

The Registrant was  incorporated  under the laws of the State of Colorado in May
1991 and has been dormant since 1991. During fiscal 1995, the Registrant entered
into negotiations with Startech Incorporated which culminated in the acquisition
of Startech on November 17, 1995.



Liquidity and Capital Resources
-------------------------------

Liquidity for the quarter has been provided by previous and current stock sales.
The  Registrant is and will continue to be dependent  upon loans and/or  capital
contributions from shareholders or outside investors.  The Registrant's  capital
resource  requirements  for  future  periods  will  increase  due  to  increased
manufacturing, marketing and administrative demands. These needs are anticipated
to be met from operations of the Registrant's normal business activity.



General
-------

Startech   is  an   environmental   technology   corporation   engaged   in  the
commercialization  and  continued  development  of its Plasma Waste  ConverterTM
("PWC") systems for the recycling,  resource recovery, reduction and remediation
of  hazardous  and  nonhazardous  organic  and  inorganic  materials  and wastes
including radioactive wastes.


                                        7

<PAGE>




The Startech  Plasma  Waste  Converter is a  closed-loop  recycling  system that
converts  materials  formerly regarded as hazardous wastes into useful commodity
products.  The hazardous  waste can be organic and  inorganic,  in the form of a
gas,  liquid,  and solids or any combination  thereof.  Waste volume  reductions
higher than 300 to 1 have been  demonstrated.  Depending on the waste processed,
the principal  commodities produced by the system are a synthetic gas called PCG
(Plasma Converted Gas)TM, metals, and an obsidian-like inert silicate stone. The
PCG can be used as a chemical  feed stock to produce  polymers  and other common
industrial products, as a fuel to produce electricity, as a fuel source for fuel
cells,  as a heating plant fuel to reduce the cost and reliance on fossil fuels,
and in  desalinization  applications  to produce fresh water for  irrigation and
drinking.  The metals can be employed in the metallurgical  industry.  The stone
silicates  can  be  employed  in the  abrasives  industry,  and as an  aggregate
material for construction industry applications.































                                        8

<PAGE>

                           PART II - OTHER INFORMATION
                           ---------------------------

ITEM 1.  LEGAL PROCEEDINGS.

The company is a defendant in litigation  brought in Denver,  Colorado  District
Court by Delphina,  Ltd. in January 1997. The complaint demands the removal of a
restrictive  legend on shares purchased by Delphina,  Ltd. in 1995 and 1996. The
company has moved the matter to the Federal Courts from the District of Colorado
and Delphina, Ltd. has moved to remand. The proceedings are in their preliminary
stages.  The company  does not believe  there is any merit to the claim and will
vigorously  contest the matter.  The company has filed a counter  claim  against
Delphina.  No legal  proceedings  are known to be  contemplated  by governmental
authorities.


ITEM 2.  CHANGE IN SECURITIES.

No  constituent  instruments  defining the rights of the holders of any class of
registered securities of the Registrant have been materially modified. No rights
evidenced by any class of registered  securities have been materially limited or
qualified  by the  issuance or  modification  of any other class of  securities.
There are no working capital  restrictions or other limitations upon the payment
of dividends except as reported in the Registrant's FORM 10.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

There have been no defaults in the payment of principal  interest,  a sinking or
purchase  fund  installments,  or any other default no cured within thirty days,
with respect to any  indebtedness  of the  Registrant or any of its  significant
subsidiaries  exceeding  five percent (5%) of the total assets of the Registrant
and its consolidated subsidiaries.


ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

No matters  were  submitted  during the first half of the fiscal year covered by
this report to a vote of security holders.


ITEM 5.  OTHER INFORMATION.

None.


                                        9

<PAGE>



ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K. - (by reference)


             (a)  Exhibits.

                  Exhibit 10.6   Private Placement Memorandum dated March 17,
                                 1997.


             (b)  Reports.

                  No  reports on FORM 8-K were filed  during the  quarter  being
                  reported.

































                                       10

<PAGE>


                                    SIGNATURE


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                           STARTECH ENVIRONMENTAL CORPORATION



Date:  June 16, 1997                        By:      /S/ John D. Watts
       -------------                                 -----------------
                                                     John D. Watts
                                                     Vice President,
                                                     Chief Finance Officer

                                       11