reglab/statecodes huggingface dataset:
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39j. - Definitions.

For the purposes of this section and sections 32-39k to 32-39m, inclusive, the following terms shall have the following meanings unless the context otherwise requires:
(1) “Anchor institution” means an entity having a significant and stable presence in the community, including, but not limited to, an institution of higher education, hospital, major corporation, research institution, business incubator or business accelerator;
(2) “CTNext board” or “board” means the CTNext board of directors established pursuant to section 32-39f;
(3) “Designated innovation place” means an area designated as an innovation place pursuant to section 32-39m;
(4) “Entity” means a corporation, association, partnership, limited liability company, benefit corporation, nonprofit organization, municipality, institution of higher education or any other similar entity;
(5) “Executive director” means the executive director of CTNext;
(6) “Growth stage business” means a business (A) that has been incorporated for ten years or less, (B) that has raised private capital, and (C) whose annual gross revenue has increased by twenty per cent for each of the three preceding income years of such business;
(7) “Innovation entity” means an entity whose application for innovation place designation is approved by the CTNext board pursuant to section 32-39m;
(8) “Master plan” means the plan submitted to the CTNext board pursuant to subsection (c) of section 32-39
l
;
(9) “Municipality” means any town, city, consolidated town and city or consolidated town and borough;
(10) “New Haven Line” means the rail passenger service operated between New Haven and intermediate points and Grand Central Station, including the Danbury, Waterbury and New Canaan branch lines;
(11) “Public transit” means the New Haven Line, Shore Line East, the New Haven-Hartford-Springfield rail line and the New Britain to Hartford busway and any planned expansion of such busway; and
(12) “Shore Line East” means the rail service operating between New Haven and New London.
(May Sp. Sess. P.A. 16-3, S. 5; P.A. 17-212, S. 4.)
History: May Sp. Sess. P.A. 16-3 effective July 1, 2016; P.A. 17-212 amended Subdiv. (6) to make technical changes, effective July 10, 2017.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39k. - Innovation place program. Purposes.

There is established an innovation place program within CTNext. The purpose of such program is to (1) foster innovation and entrepreneurship by facilitating the designation and establishment of innovation places consisting of one or more compact geographic areas within the same municipality having entrepreneurial and innovation potential where (A) existing anchor institutions, institutions, companies and recreational spaces are in close proximity to start-up and growth stage businesses, (B) public transit is accessible, (C) a significant portion of the underlying zoning allows for mixed-use development, including, but not limited to, housing, office and retail, and (D) foot traffic is facilitated; (2) identify, designate and fund the initial costs associated with development of an innovation place; (3) encourage collaboration among institutions of higher education, medical institutions, hospitals, existing companies, start-up and growth stage businesses, researchers and investors; (4) encourage the leveraging of private investment in designated innovation places; and (5) connect entrepreneurs who are facing similar opportunities and challenges with other entrepreneurs and with private and public resources.
(May Sp. Sess. P.A. 16-3, S. 6.)
History: May Sp. Sess. P.A. 16-3 effective July 1, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39n. - Venture or investment agreements entered into by Connecticut Innovations, Incorporated.

Notwithstanding any provision of the general statutes, any venture agreement, investment agreement or other similar agreement entered into by Connecticut Innovations, Incorporated on or after June 2, 2016, shall involve one or more private partners, except any such agreement involving the Connecticut Bioscience Innovation Fund or a winner of Venture Clash, the annual business competition conducted by Connecticut Innovations, Incorporated.
(May Sp. Sess. P.A. 16-3, S. 13.)
History: May Sp. Sess. P.A. 16-3 effective June 2, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39o. - Forgiveness of received state assistance for participation in CTNext mentorship network.

The Commissioner of Economic and Community Development may forgive a portion of any state assistance received by a technology-based business and owed to the state if such business participates in a mentorship network established by CTNext. The commissioner shall develop a formula to calculate such state assistance forgiveness based on the hours of mentorship provided by any such business.
(May Sp. Sess. P.A. 16-3, S. 15.)
History: May Sp. Sess. P.A. 16-3 effective June 2, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39p. - Connecticut 500 Project. Goals. Solicitation of bids.

(a) There is established the Connecticut 500 Project to be administered by the Commission on Economic Competitiveness, established pursuant to section 2-124. Under said project, the commission, in collaboration with the Connecticut 500 Project governing board described in subsection (b) of this section, shall convene and work closely with Connecticut businesses, including large corporations and small businesses, and business, government, and community leaders, organizations, and institutions with the goal of creating a net increase of five hundred thousand new private sector jobs in the state over the next twenty-five years and to set and achieve Connecticut's cornerstone economic development goals for the next generation.
(b) On or before January 1, 2017, the Commission on Economic Competitiveness shall solicit bids from outside consultants with expertise in economic development to develop the Connecticut 500 Project. Said project shall include a permanent Connecticut 500 Project governing board that includes senior business leaders, chief executive officers of public companies with operations in Connecticut, and state and municipal elected officials, and other business, government and community leaders. In order to achieve the goals described in this section within twenty-five years, the governing board shall propose legislation, leverage public and private investment in the state and in the Connecticut 500 Project, solicit funds, or if public funding is available, to solicit matching funds, from the private sector to further the goals described in this section, evaluate Connecticut's economic development policies, and take other actions the board deems necessary to achieve such goals. Such goals shall include, but need not be limited to:
(1) A net increase of five hundred thousand new private sector jobs in Connecticut;
(2) An increase of five hundred thousand new residents to Connecticut's population;
(3) Five hundred new start-ups based on in-state developed intellectual property;
(4) An increase of five hundred students in the number of annual graduates from each state college and university;
(5) National top five status in the following areas: (A) Economic growth, (B) public education, (C) quality of life, and (D) private sector employee salary; and
(6) Maintain Connecticut's position in the top five of the following areas: (A) Productivity, (B) higher education, and (C) income per capita.
(c) The commission may rename said project and refine and reset the goals described in this section.
(May Sp. Sess. P.A. 16-3, S. 20.)
History: May Sp. Sess. P.A. 16-3 effective July 1, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39r. - Financial assistance priority for entities located in designated innovation places.

The Commissioners of Economic and Community Development, Housing, Energy and Environmental Protection and Transportation, the Secretary of the Office of Policy and Management and the executive director of the Connecticut Housing Finance Authority may give priority for available financial assistance to entities located within a designated innovation place, as defined in section 32-39j, provided such commissioner, secretary or executive director determines that such priority would facilitate the purposes of the innovation place program set forth in section 32-39k.
(May Sp. Sess. P.A. 16-3, S. 26.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39u. - Start-up businesses in designated innovation place located in a single municipality. Grant-in-aid program.

Connecticut Innovations, Incorporated shall establish a program to provide grants-in-aid on a competitive basis to start-up businesses located in, or relocating to, a single municipality in which a designated innovation place is located, provided Connecticut Innovations, Incorporated shall select such single municipality. Such grants-in-aid shall be in an amount equal to fifty thousand dollars per business. The corporation shall provide a business receiving such grant-in-aid with mentoring opportunities, access to coworking space or business accelerators located within such single municipality for one year, talent acquisition services, access to angel or venture capital networks and access to a community of entrepreneurs. The corporation shall consider making an equity investment in a business receiving such grant-in-aid.
(May Sp. Sess. P.A. 16-3, S. 29.)
History: May Sp. Sess. P.A. 16-3 effective July 1, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39v. - Internet web site re Connecticut-based start-up businesses. Requirements. Promotion of web site.

(a) On and after July 1, 2017, CTNext, established pursuant to section 32-39f, shall maintain an Internet web site that advertises (1) Connecticut-based start-up businesses that have been approved by Connecticut Innovations, Incorporated as qualified recipients of cash investments from angel investors pursuant to section 12-704d, and (2) Connecticut-based start-up businesses that are seeking funding on reward-based and equity-based crowdfunding Internet web sites. For each business advertised on such Internet web site, CTNext shall include a description of such business and the product, project or venture proposed by such business and links to the Internet web site and crowdfunding Internet web site associated with such business, as applicable. For purposes of this section, “crowdfunding” means funding a product, project or venture by seeking small individual cash contributions from a large number of people.
(b) CTNext, the Department of Economic and Community Development and Connecticut Innovations, Incorporated shall each post on the home page of its Internet web site a link to the Internet web site maintained pursuant to subsection (a) of this section. CTNext shall advertise and promote such Internet web site with paid advertisements on Internet web sites and any other means as determined by CTNext.
(May Sp. Sess. P.A. 16-3, S. 30.)
History: May Sp. Sess. P.A. 16-3 effective July 1, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-39x. - Entrepreneurs-in-Residence program. Proof of concept fund.

(a) The executive director of CTNext may establish and operate an Entrepreneurs-in-Residence program that may replace and incorporate any similar program run by CTNext prior to July 1, 2018. Such program may identify highly experienced entrepreneurs who have been involved in the successful creation of innovation-based start-up companies and early-state venture deals and retain their services to match them with entrepreneurs and companies in the CTNext network to provide advice and assistance. Such retention may be on a paid or volunteer basis, as agreed to by the entrepreneur-in-residence and the CTNext board of directors, except that an employee of CTNext who serves as an entrepreneur-in-residence shall serve on a voluntary basis.
(b) The executive director of CTNext may establish jointly with the chief executive officer of Connecticut Innovations, Incorporated a proof of concept fund to make investments or provide grants of up to one hundred thousand dollars to support commercialization activities that are relevant to key industries in the state. Preference may be given to (A) such activities that are based on research conducted at institutions of higher education in the state, (B) making investments in companies involved in such research or commercialization efforts, or (C) both. Such investments or grants shall be awarded on a competitive basis and any applicant for an investment or a grant under this subdivision shall demonstrate, in a form and manner prescribed by the executive director in consultation with the chief executive officer, such applicant's intent to commercialize aspects of such research. A grant under this subdivision may be awarded directly to the applicant or to a company involved in such research or commercialization efforts.
(P.A. 18-178, S. 48.)
History: P.A. 18-178 effective July 1, 2018.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-40a. - Advanced technology centers; purposes. Applications to Connecticut Innovations, Incorporated for state funding.

Any advanced technology center, as defined in section 32-34, shall be established for purposes of conducting research characterized by reasonable prospects of stimulating development of new business and industry utilizing such advanced technology and augmenting the application of advanced technology by existing business and industry in the state. Connecticut Innovations, Incorporated, hereinafter referred to as “the corporation” shall require any applicant for state funding with respect to a proposed advanced technology center to submit a complete description of the organization of such center, plans for research and proposed funding from sources other than the state of Connecticut, subject to the provisions of section 32-40c, including but not limited to the following:
(1) The specific technological research to be undertaken and the proposed business and industry involvement in the development and application of such research;
(2) A detailed description of the organization of such center for administrative and research purposes, including (A) name and qualifications of the person to serve as director of the center and (B) a proposed advisory board for such center which shall include members from the academic institution involved and private business;
(3) Proposed arrangements with the corporation, concerning financial benefits to the state of Connecticut as a result of patents, royalty payments or similar rights developing from research at such center; and
(4) Details concerning the organization and content of an annual report to be submitted to the corporation by such center reviewing the progress of research, with the understanding that funding shall be contingent upon satisfactory performance evaluations.
(P.A. 91-388, S. 2, 7.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-40b. - State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated.

In approving the application of an advanced technology center, as defined in section 32-34, for state funding, Connecticut Innovations, Incorporated, shall assess scientific, economic, management and financial factors, including, but not limited to the following:
(1) The likelihood that the research proposal will result in fundamental technological advances transferable to commercial application and the means that the center proposes to make these transfers;
(2) The potential of the research proposal to stimulate technological advances in existing businesses, new business creation and long-term job growth in Connecticut;
(3) Evidence of significant financial commitment by academic and industrial participants and the likelihood that the center will become self-sufficient by the end of the state's financial commitment period;
(4) Evidence that the state will receive a financial return commensurate with its investment in the center;
(5) The level of representation by all financial participants in the center's proposed management structure;
(6) The planned involvement of small businesses and academic institutions in the center's activities;
(7) The center's plan to involve minority students and minority-owned businesses in its activities; and
(8) The adequacy of the center's proposed mechanisms for evaluating its progress.
(P.A. 91-388, S. 3, 7.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-40c. - State funding for any advanced technology center to be approved only when funds from other sources are at least equal to the state funds.

Funds from the state of Connecticut for purposes of any advanced technology center, as defined in section 32-34, shall not be allotted for such purpose unless documentation, satisfactory to the Secretary of the Office of Policy and Management, has been submitted to Connecticut Innovations, Incorporated, certifying that such funds are accepted in accordance with a plan of proposed funding for such advanced technology center during a period of five years, commencing with the year of the initial state grant for such purpose. Such proposed funding shall include, in addition to the proposed amounts from the state of Connecticut, funds from other sources in an amount not less than the total proposed funds from the state during such five-year period.
(P.A. 91-388, S. 4, 7.)
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41aa. - Connecticut Bioscience Innovation Fund. Definitions.

For the purpose of this section and sections 32-41bb to 32-41dd, inclusive:
(1) “Administrative costs” means the costs paid or incurred by the administrator, including, but not limited to, peer review costs, professional fees, allocated staff costs and other out-of-pocket costs attributable to the administration and operation of the Connecticut Bioscience Innovation Fund.
(2) “Administrator” means Connecticut Innovations, Incorporated, in its capacity as administrator of the Connecticut Bioscience Innovation Fund established pursuant to section 32-41cc.
(3) “Advisory committee” means the Bioscience Innovation Advisory Committee established pursuant to section 32-41bb.
(4) “Early-stage business” means a business that has not yet achieved an annual commercial revenue greater than two million dollars.
(5) “Eligible recipient” means a duly accredited college or university, a nonprofit corporation or a for-profit start-up or early-stage business. “Eligible recipient” also includes any entity that has received financial assistance from the Connecticut Bioscience Innovation Fund or from Connecticut Innovations, Incorporated, for the purpose of additional financial assistance to be awarded to such entity pursuant to section 32-41cc.
(6) “Financial assistance” means any and all forms of grants, extensions of credit, loans or loan guarantees, equity investments or other forms of financing.
(7) “Return on investment” means any and all forms of principal or interest payments, guarantee fees, returns on equity investments, royalties, options, warrants and debentures and all other forms of remuneration to the administrator in return for any financial assistance offered or provided.
(P.A. 13-239, S. 70; P.A. 14-98, S. 36; P.A. 15-222, S. 5; June Sp. Sess. P.A. 15-5, S. 53; P.A. 16-204, S. 2.)
History: P.A. 13-239 effective July 1, 2013; P.A. 14-98 deleted former Subdiv. (1) re definition of “administrative costs” and redesignated existing Subdivs. (2) to (7) as Subdivs. (1) to (6); P.A. 15-222 amended Subdiv. (3) to redefine “early-stage business” by replacing “three years” with “seven years” and adding provision re clinical trials that have not begun phase II evaluation, and added Subdiv. (7) defining “phase II evaluation”, effective June 30, 2015; June Sp. Sess. P.A. 15-5 added new Subdiv. (1) defining “administrative costs” and redesignated existing Subdivs. (1) to (7) as Subdivs. (2) to (8), effective upon the effective date of section 5 of public act 15-222, i.e., June 30, 2015; P.A. 16-204 redefined “early-stage business” in Subdiv. (4), redefined “eligible recipient” in Subdiv. (5) and deleted former Subdiv. (8) re definition of “phase II evaluation”, effective July 1, 2016.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41g. - Short title: Technology Deployment Act of 1993.

Sections 32-41g to 32-41o, inclusive, shall be known and may be cited as the “Technology Deployment Act of 1993”.
(P.A. 93-382, S. 30, 69.)
History: P.A. 93-382 effective July 1, 1993.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41h. - Legislative finding.

It is hereby found and declared that the deployment of advanced available technologies in Connecticut manufacturing is vital to the economic interests of the state, that advanced basic research continues to be a strong asset of state institutions of higher education, but there is a special need to strengthen links between basic research and the creation and efficient manufacture of new or improved products, especially in the critical technologies in which the state possesses unique scientific and human resources, and therefore it is necessary and in the public interest and for the public good that the provisions of sections 32-41g to 32-41o, inclusive, are hereby declared a matter of legislative determination.
(P.A. 93-382, S. 31, 69.)
History: P.A. 93-382 effective July 1, 1993.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41i. - Definitions.

As used in sections 32-41g to 32-41o, inclusive:
(1) “Act” means the Technology Deployment Act of 1993;
(2) “Advanced available technology” means a technology or process that can be applied to a manufacturing operation without substantial modification;
(3) “Technology deployment” means (A) activities that assist businesses in applying advanced available technologies in their existing operations or (B) activities that assist businesses in the development and manufacture of new products derived from advanced available technologies;
(4) “Corporation” means Connecticut Innovations, Incorporated;
(5) “Eligible institution” means an institution within the Connecticut State University System which is operating a technology deployment program on July 1, 1993;
(6) “Eligible deployment research consortium” means a multitown, nonprofit coalition which is representative of the business, academic and government communities in an economically distressed area of the state which on or before July 1, 1993, is dependent upon labor intensive, less technologically advanced manufacturing;
(7) “Eligible business consortium” means a nonprofit business-led consortium organized for the purpose of technology deployment in the fields of biotechnology, ergonomics, environmental and energy technologies or educational and job training technologies;
(8) “Eligible grant recipient” means one or more state institutions of higher education or a nonprofit business-led consortium organized for the purpose of technology deployment in advanced materials, marine sciences, photonics, pharmaceutical and environmental technologies;
(9) “Small and medium-sized business” means a manufacturing business with fewer than five hundred employees.
(P.A. 93-382, S. 32, 69.)
History: P.A. 93-382 effective July 1, 1993.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41j. - Manufacturing application center program.

(a) There is established a university-based manufacturing application center program to be administered by the corporation for the purpose of promoting technology deployment by linking Connecticut's higher education system with small and medium-sized businesses. During the three-month period beginning on July 1, 1993, the corporation shall accept applications from eligible institutions in a form and manner prescribed by the corporation for state funding for the operation of a manufacturing application center.
(b) On or before January 1, 1994, the corporation shall review all applications timely received pursuant to this section and shall approve one such application. In approving such application the corporation shall assess scientific and economic factors concerning the proposed manufacturing application center, including but not limited to the following:
(1) The eligible institution's experience with manufacturing applications, including computer-integrated manufacturing, computer-aided drafting and design, just-in-time manufacturing and total quality management;
(2) The center's plan to provide follow-up employee training to center users;
(3) The center's plan to involve urban-based businesses, minority students or minority-owned businesses in its activities; and
(4) The adequacy of the center's proposed mechanisms for evaluating its progress.
(c) The center's responsibilities shall include, but not be limited to, providing training for manufacturing businesses in high performance work practices.
(P.A. 93-382, S. 33, 69; P.A. 94-116, S. 9, 28.)
History: P.A. 93-382 effective July 1, 1993; P.A. 94-116 added Subsec. (c) re training in high performance work practices, effective July 1, 1994.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41k. - Deployment research program.

(a) There is established a nonprofit deployment research program to be administered by the corporation for the purpose of identifying emerging advanced available technologies in economically distressed manufacturing or former manufacturing regions of the state. During the six-month period beginning on July 1, 1993, the corporation shall accept applications from eligible deployment research consortia in a form and manner prescribed by the corporation for state funding for technology deployment research.
(b) On or before July 1, 1994, the corporation shall review all applications timely received pursuant to this section and shall approve one such application. In approving such application the corporation shall assess scientific and economic factors concerning the proposed technology deployment research, including but not limited to the following:
(1) The extent to which the research will identify advanced available technologies for future deployment;
(2) The extent to which the research enhances existing manufacturing in Connecticut industry;
(3) The eligible research consortium's plan to involve minority students or minority owned businesses in its activities; and
(4) The adequacy of the eligible research consortium's proposed mechanisms for evaluating its progress.
(c) The center's responsibilities shall include, but not be limited to, providing training for businesses in high performance work practices.
(P.A. 93-382, S. 34, 69; P.A. 94-116, S. 10, 28.)
History: P.A. 93-382 effective July 1, 1993; P.A. 94-116 added Subsec. (c) re training in high performance work practices, effective July 1, 1994.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41l. - Energy and environmental technologies deployment center program.

(a) There is established a Connecticut energy and environmental technologies deployment center program to be administered by the corporation for the purpose of promoting a nonprofit business consortium for technology deployment in two critical technologies where the state possesses unique scientific and human resources. During the three-month period beginning on July 1, 1993, the corporation shall accept applications from eligible business consortia in a form and manner prescribed by the corporation for state funding for the operation of an energy and environmental technologies application center.
(b) On or before January 1, 1994, the corporation shall review all applications timely received pursuant to this section and shall approve one such application. In approving such application the corporation shall assess scientific and economic factors concerning the proposed Connecticut energy and environmental technologies deployment center, including but not limited to the following:
(1) Participation in the center by multiple private enterprises including defense and non-defense-based firms with an expertise in environmental and energy technologies;
(2) Participation in the center by more than one public or private institution of higher education;
(3) The center's plan to involve minority students or minority-owned businesses in its activities; and
(4) The adequacy of the center's proposed mechanisms for evaluating its progress.
(P.A. 93-382, S. 35, 69.)
History: P.A. 93-382 effective July 1, 1993.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41m. - Connecticut educational and job training technologies deployment center programs.

(a) There is established a Connecticut educational and job training technologies deployment center program to be administered by the corporation for the purpose of promoting a nonprofit business-led consortium for technology deployment in a critical technology in which the state possesses unique scientific and human resources. During the three-month period beginning on July 1, 1993, the corporation shall accept applications from eligible business consortia in a form and manner prescribed by the corporation for state funding for the operation of an educational and job training technologies deployment center.
(b) On or before January 1, 1994, the corporation shall review all applications timely received pursuant to this section and shall approve one such application. In approving such application the corporation shall assess scientific and economic factors concerning the proposed Connecticut educational and job training technologies deployment center, including but not limited to the following:
(1) The center's plan to provide educational and job training technologies to industry, the state's public schools, and state agencies;
(2) The center's plan to deploy educational and job training software, hardware and state of the art telecommunications technologies;
(3) The center's plan to involve minority students or minority-owned businesses in its activities; and
(4) The adequacy of the center's proposed mechanisms for evaluating its progress.
(P.A. 93-382, S. 36, 69.)
History: P.A. 93-382 effective July 1, 1993.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41n. - Critical technologies grant program.

(a) There is established a critical technologies grant program to be administered by the corporation for the purpose of promoting technology deployment in advanced materials, marine sciences, photonics, pharmaceutical and environmental technologies. During the twelve-month period beginning on July 1, 1993, the corporation shall accept applications from eligible grant recipients in a form and manner prescribed by the corporation for state grants for the purpose of promoting technology deployment in such technologies.
(b) On or before January 1, 1995, the corporation shall review all applications timely received pursuant to this section, may approve such applications and provide approved grant recipients such financial assistance as it may determine will promote technology deployment in advanced materials, marine sciences, photonics, pharmaceutical and environmental technologies. In approving such application the corporation shall assess scientific and economic factors concerning the uses of the proposed grant, including but not limited to the following:
(1) The formal participation in the program proposed by businesses actively engaged in the commercial use of advanced materials, marine sciences, photonics, pharmaceutical and environmental technologies;
(2) The likelihood that the program proposed will result in substantial and timely deployment of advanced available technologies in one or more of the following: Advanced materials, marine sciences, photonics, pharmaceutical and environmental technologies;
(3) The proposal's plan to involve minority students or minority-owned businesses in its activities; and
(4) The adequacy of the program's mechanisms for evaluating its progress.
(P.A. 93-382, S. 37, 69.)
History: P.A. 93-382 effective July 1, 1993.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41nn. - Bond authorization for Regenerative Medicine Research Fund.

(a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate ten million dollars.
(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by Connecticut Innovations, Incorporated, for the purposes of the Regenerative Medicine Research Fund established by section 32-41kk.
(c) All provisions of section 3-20, or the exercise of any right or power granted thereby, which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due.
(P.A. 14-98, S. 22; June Sp. Sess. P.A. 17-2, S. 453.)
History: P.A. 14-98 effective July 1, 2015; June Sp. Sess. P.A. 17-2 amended Subsec. (a) by reducing the authorization from $40,000,000 to $10,000,000 and deleting Subdivs. (1), (2), and (3) re effective dates of authorization, effective October 31, 2017.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41o. - Bond issue for technology deployment.

(a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate five million five hundred thousand dollars.
(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the corporation as follows: (1) Three million dollars for the program established in section 32-41j; (2) five hundred thousand dollars for the program established in section 32-41k; (3) one million two hundred fifty thousand dollars for the program established and for the eligible business consortium approved in section 32-41
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; and (4) seven hundred fifty thousand dollars for the program established and for the eligible business consortium approved in section 32-41m.
(c) All provisions of section 3-20, or the exercise of any right or power granted thereby which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization, which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the Treasurer shall pay such principal and interest as the same become due.
(P.A. 93-382, S. 38, 69; P.A. 95-272, S. 18, 29.)
History: P.A. 93-382 effective July 1, 1993; P.A. 95-272 amended Subsec. (a) to increase authorization from $5,000,000 to $5,500,000, Subsec. (b)(3) to increase amount from $1,000,000 to $1,250,000 and Subsec. (b)(4) to increase amount from $500,000 to $750,000 and made technical changes, effective July 1, 1995.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41oo. - Program to incentivize formation of new venture capital funds.

The chief executive officer of Connecticut Innovations, Incorporated may establish a program to incentivize the formation of at least one new venture capital fund in the state. Connecticut Innovations, Incorporated may invest up to ten million dollars only if private investors invest at least one and one-half times the amount Connecticut Innovations, Incorporated pledges to invest in a new fund. Any such fund shall be subject to the following requirements:
(1) The amounts invested by Connecticut Innovations, Incorporated pursuant to this section shall be invested in start-up and growth stage companies located in the state. Such requirement shall not apply to the amounts invested by private investors pursuant to this section;
(2) The investor or the managing venture capital firm managing such fund shall have an office located in the state; and
(3) Any partner in a fund established under this subdivision may buy, after five years from the date of the establishment of the fund, Connecticut Innovations, Incorporated's equity stake in the fund plus interest at an annual rate agreed upon by the partner and the executive director.
(P.A. 18-178, S. 49.)
History: P.A. 18-178 effective July 1, 2018.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41p. - Workplace center of excellence program.

(a) There is established a workplace center of excellence program to be administered by Connecticut Innovations, Incorporated for the purpose of developing and deploying ergonomic technology solutions and knowledge. During the three-month period beginning on July 1, 1994, the corporation shall accept applications from eligible institutions in a form and manner prescribed by the corporation for state funding for the establishment and operation of a workplace center of excellence.
(b) On or before January 1, 1995, the corporation shall review all applications timely received pursuant to this section, approve one such application and provide the approved institution with such financial assistance as the corporation may determine will promote the purposes of this section. In approving such application the corporation shall assess scientific and economic factors concerning the proposed center, including but not limited to, the following:
(1) The formal participation in, and financial support of, the center by employers, insurers, and enterprises actively engaged in developing and deploying ergonomics solutions and related activities;
(2) The likelihood that the center will result in substantial and timely deployment of advanced technology solutions to existing businesses in the state;
(3) The center's plan to involve employers, labor, institutions of higher education and other interested parties in its decision-making;
(4) The adequacy of the center's financial plan, including the matching of any state grant funds to implement specific projects with at least an equal amount of funding from private sources;
(5) The center's plan to involve urban residents and urban-based businesses; and
(6) The adequacy of the center's mechanisms for evaluating its progress.
(P.A. 94-45, S. 2, 3.)
History: P.A. 94-45 effective July 1, 1994.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41pp. - Program to encourage development of technologies and techniques concerning crumbling concrete foundations.

(a) There is established a program to encourage the development of technologies and techniques regarding the prevention, identification and repair of properties that have, or may suffer from, crumbling foundations due to the presence of pyrrhotite.
(b) Connecticut Innovations, Incorporated, shall administer the program established under subsection (a) of this section within existing resources and, in conjunction with a volunteer panel of subject matter experts convened by Connecticut Innovations, Incorporated, develop criteria for the program established under subsection (a) of this section.
(c) Connecticut Innovations, Incorporated, may administer the program established under subsection (a) of this section in coordination with the coordinating agency from another state or other states.
(P.A. 19-192, S. 13.)
History: P.A. 19-192 effective July 1, 2019.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41qq. - Plan to collect data re crumbling concrete foundations.

(a) The Chief Data Officer shall, in consultation with the Department of Housing, the State Geologist, the captive insurance company established pursuant to section 38a-91vv, and the volunteer panel convened pursuant to subsection (b) of section 32-41pp, develop and implement a plan to collect the data necessary to conduct research regarding crumbling foundations.
(b) Any data collected under the plan developed and implemented pursuant to subsection (a) of this section shall be confidential and exempt from the Freedom of Information Act, as defined in section 1-200, except that the Chief Data Officer may make such data available for research purposes subject to data sharing agreements that maintain the confidentiality of personally identifying information and the specific location of any property.
(P.A. 19-192, S. 14.)
History: P.A. 19-192 effective July 1, 2019.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41r. - Short title: Economic Recovery Act of 1996.

This section, section 32-40, subsection (a) of section 32-41q, and sections 32-41s, 32-229 and 32-450 shall be known and may be cited as the “Economic Recovery Act of 1996”.
(P.A. 96-264, S. 1, 8; P.A. 08-162, S. 2.)
History: P.A. 96-264 effective July 1, 1996; P.A. 08-162 deleted reference to Sec. 32-285(k), effective June 12, 2008.
2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated › Section 32-41t. - High technology research and development program: Definitions.

As used in this section and section 32-41u:
(1) “Corporation” means Connecticut Innovations, Incorporated as created under section 32-35; and
(2) “Eligible participant” means a member of the faculty or a researcher engaged in applied research and development at any Connecticut college or university that agrees to participate in a high technology research and development program established by the corporation.
(P.A. 00-187, S. 55, 75.)
History: P.A. 00-187 effective July 1, 2000.