Connecticut Governor Dannel P. Malloy recently announced the launch of a state “Innovation Ecosystem” intended to drive the development of products and technologies in Connecticut companies. Governor Malloy also announced that $5 million will be dedicated to the public-private partnership in order to get it started. These funds were allocated in 2011 for job creation and the project hopes to secure private sector funding in the future in order to sustain itself. The project designates Hartford, New Haven, Stamford, and Storrs as hubs to house resources and collaborative workspace. A state-wide system of networks will connect these hubs, foster collaboration, and allow access to these resources for every entrepreneur in the state. Efforts taking place within this ecosystem will be tracked and evaluated in order to determine the most effective use of investments. The project has the goal of increasing transparency and connecting entrepreneurs to tools within the network. This visible action will hopefully draw attention and lure additional innovation to Connecticut. The project is also intended to target young, start-up companies that can expand and provide new jobs. The program is being administered by Connecticut Innovations, the state’s partially public investing arm. See the press release or learn more about Connecticut’s Innovation Ecosystem.
New England Council members will have the opportunity to hear more about Gov. Malloy’s work to support innovation in the region when the Council and the MetroHartford Alliance host a breakfast featuring remarks by the Governor on December 17, 2012, in Hartford. Stay tuned for more details in the coming weeks!