Connecticut General Statutes 32-39n – Venture or investment agreements entered into by Connecticut Innovations, Incorporated
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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.
Terms Used In Connecticut General Statutes 32-39n
- Venture: means , without limitation, any contractual arrangement with any person whereby the corporation obtains rights from or in an invention or product or proceeds therefrom, or rights to obtain from any person any and all forms of equity instruments including, but not limited to, common and preferred stock, warrants, options, convertible debentures and similar types of instruments exercisable or convertible into capital stock, in exchange for the granting of financial aid to such person. See Connecticut General Statutes 32-34