Connecticut Innovations ("CI")
As Connecticut's strategic venture capital arm and one of the most active investors on the eastern seaboard, CI has a portfolio of 220+ companies across various industries, with strengths in life sciences, technology and climate tech. CI meets with hundreds of companies every year, identifying the most promising early-stage companies looking to grow in the state. Every year, CI invests in 20+ new companies, in addition to providing follow-on capital to existing portfolio companies. CI also invests as a Limited Partner in outside venture funds based in CT (17 in the past 6 years
- CI has invested $675+ million in innovative startups since 1995
- CI's leveraging power is 10X, or $6.7 billion
CI invested $48.7 million in 81 companies and venture funds in the fiscal year ending June 30, 2024. CI's investments also attracted an additional $1.1 billion in outside capital into its portfolio companies. This fiscal year generated $35 million in cash proceeds through company exits, which includes acquisitions and IPOs, which will allow CI to invest in more early-stage companies in the future.
Our culture is vibrant, diverse, collaborative, and inclusive. We embrace perspective and have mission alignment on our impact to Connecticut's innovation ecosystem. We host or participate in over 20 ecosystem events per year, and our headquarters at The District in New Haven is a catalyst for partnership and an innovation ecosystem community hub.
Connecticut Biosicence Innovation Fund
CI makes investments from the $200 million CBIF in the form of equity investments and loans to speed bioscience breakthroughs to market. The portfolio consists of over 100 companies covering verticals including digital health, pharmaceuticals, biotech, life sciences tools, diagnostics, medical devices, and more.
- Since 2013, CI's Bioscience investment activity has more than doubled, and we have seen $3.5+ billion in outside capital leveraged within this portfolio
- Recent CI Bioscience portfolio IPOs include Arvinas, Biohaven Pharmaceuticals, RallyBio, Sema4
- Recent CI Bioscience portfolio acquisitions include Avitus, Biorez, Dia Imaging Analysis, Diameter Health, Medically Home, Populi
Venture Team Internship
An internship with CI is an exciting opportunity to gain valuable venture capital experience in a small team and innovative work environment. You will participate in continuous improvement projects and programs tied to a more scalable and sophisticated venture team infrastructure that supports venture team activities. There will also be opportunities to work collaboratively on lead generation activities tied to new investment opportunities, due diligence activities on companies considered for investment by CI, and portfolio management activities for current investments.
We are seeking MBA/PhD/MS/MPH students with a strong interest in venture capital with a desire to match her/his academic work with professional work experience. Preference will be given to candidates demonstrating research and/or practical experience, particularly in life sciences and/or healthcare, alignment with our mission and enrolled in a Connecticut college or university or a resident of Connecticut.
Responsibilities may include:
- Data collection and analysis of portfolio activity
- Data collection on Life Science and Healthcare industries, markets, and product/company competitive landscapes etc.
- Research and document preparation for internal and external stakeholder meetings
- Assistance with investment monitoring activities such as financial analysis, market research, etc.
- Participation in lead generation, business development activities
- Sourcing potential investments though online research and in person visits
- Assistance with initial assessments of business plans in relation to CI investment criteria
- Assistance with "due diligence" activities to obtain and analyze pertinent information relative to the management, market, technology, products, competitors, financial history and projections, and business strategy and plan
- Cash flow modeling for individual projects, programs, or investments
- Assistance in preparing analyses and presentations to the CI Investment Committee
Skills & Competencies
- High personal passion for a fast-developing innovation ecosystem
- Detailed, action-oriented person who takes initiative to follow-up on items
- Project management and organization skills to solicit and follow up on meetings
- Communicate comfortably with a wide range of stakeholders
- Ability to synthesize data into a compelling story
- A seeker and learner mentality and someone that likes to laugh
Connecticut Innovations is an equal opportunity/affirmative action employer. We welcome all candidates to apply regardless of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, or genetic information.
