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:

Terms Used In Connecticut General Statutes 32-39j

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: means Connecticut Innovations, Incorporated as created under §. See Connecticut General Statutes 32-34
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Research: means the scientific and engineering analysis, investigation, collection of ideas and inquiry into concepts, processes and techniques, the purpose of which is intended to result in a commercially feasible product, process or technique. See Connecticut General Statutes 32-34

(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 § 32-39f;

(3) “Designated innovation place” means an area designated as an innovation place pursuant to § 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 § 32-39m;

(8) “Master plan” means the plan submitted to the CTNext board pursuant to subsection (c) of § 32-39l;

(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.

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