§ 32-32 Short title: Innovation Capital Act of 1989
§ 32-33 Legislative finding
§ 32-34 Definitions
§ 32-35 Connecticut Innovations, Incorporated
§ 32-36 Perpetual succession. Termination
§ 32-37 Board of directors
§ 32-38 Chief executive officer
§ 32-39 Corporate purpose; powers
§ 32-39c Limitation on liability of Connecticut Innovations, Incorporated and certain officers with respect to affiliates of the corporation
§ 32-39d Guarantees of corporation made investment securities
§ 32-39e Development of new or experimental technologies, products or processes. Procurement for state agencies. Program to recognize state agencies
§ 32-39f CTNext. Purposes. Board of directors. Executive director
§ 32-39g CTNext. Powers
§ 32-39h CTNext. Procedures
§ 32-39i CTNext Fund established. Uses
§ 32-39j Definitions
§ 32-39k Innovation place program. Purposes
§ 32-39l Planning grants-in-aid. Innovation place designation. Applications. Public hearing
§ 32-39m Innovation place designation applications approval. Award of grants-in-aid. Considerations. Report
§ 32-39n Venture or investment agreements entered into by Connecticut Innovations, Incorporated
§ 32-39o Forgiveness of received state assistance for participation in CTNext mentorship network
§ 32-39p Connecticut 500 Project. Goals. Solicitation of bids
§ 32-39q Assessment of innovation and entrepreneurship in the state. Audits and analyses by grant recipient. Report. Application procedure
§ 32-39r Financial assistance priority for entities located in designated innovation places
§ 32-39s Innovation and entrepreneurship at public and independent institutions of higher education. Working group. Master plan development
§ 32-39t Higher Education Entrepreneurship Advisory Committee. Membership. Applications. Recommendation of approval
§ 32-39u Start-up businesses in designated innovation place located in a single municipality. Grant-in-aid program
§ 32-39v Internet web site re Connecticut-based start-up businesses. Requirements. Promotion of web site
§ 32-39w Assistance with state strategic economic planning
§ 32-39x Entrepreneurs-in-Residence program. Proof of concept fund
§ 32-39y Recapitalization of innovation place program. Bond authorization
§ 32-40 Applications for financial aid
§ 32-40a Advanced technology centers; purposes. Applications to Connecticut Innovations, Incorporated for state funding
§ 32-40b State funding for advanced technology centers; considerations in approval process by Connecticut Innovations, Incorporated
§ 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
§ 32-41 Bond issue
§ 32-41a Connecticut Innovations, Incorporated Fund. Use of funds or revenues of the corporation
§ 32-41b Bond issue for high technology products. Loan interest rates
§ 32-41g Short title: Technology Deployment Act of 1993
§ 32-41h Legislative finding
§ 32-41i Definitions
§ 32-41j Manufacturing application center program
§ 32-41k Deployment research program
§ 32-41l Energy and environmental technologies deployment center program
§ 32-41m Connecticut educational and job training technologies deployment center programs
§ 32-41n Critical technologies grant program
§ 32-41o Bond issue for technology deployment
§ 32-41p Workplace center of excellence program
§ 32-41q Critical industries development account. Purpose. Regulations
§ 32-41r Short title: Economic Recovery Act of 1996
§ 32-41s Bioscience, biotechnology, pharmaceutical and photonics businesses. Benefits. Regulations
§ 32-41t High technology research and development program: Definitions
§ 32-41u High technology research and development program: Establishment and purpose
§ 32-41v Connecticut New Opportunities Fund
§ 32-41w Early-stage venture capital program
§ 32-41x Preseed financing account and program
§ 32-41y Connecticut Bioscience Collaboration program. Connecticut Bioscience Collaboration Fund
§ 32-41z Bond issue for the Connecticut Bioscience Collaboration program
§ 32-41aa Connecticut Bioscience Innovation Fund. Definitions
§ 32-41bb Bioscience Innovation Advisory Committee
§ 32-41cc Connecticut Bioscience Innovation Fund. Establishment. Financial assistance. Report
§ 32-41dd Bond authorization for Connecticut Bioscience Innovation Fund
§ 32-41jj Regenerative medicine research: Definitions. Prohibition on human cloning. Disposition of embryos or embryonic stem cells following infertility treatment. Written consent required for donations. Embryonic stem cell research author
§ 32-41kk Regenerative Medicine Research Fund. Application for financial assistance. Available funding
§ 32-41ll Regenerative Medicine Research Advisory Committee. Membership. Duties
§ 32-41mm Peer review of applications for financial assistance. Qualifications and duties of peer reviewers. Rating and scoring guidelines
§ 32-41nn Bond authorization for Regenerative Medicine Research Fund
§ 32-41oo Program to incentivize formation of new venture capital funds
§ 32-41pp Program to encourage development of technologies and techniques concerning crumbling concrete foundations
§ 32-41qq Plan to collect data re crumbling concrete foundations
§ 32-42 Examination. Audits
§ 32-43 State pledge
§ 32-44 Powers to be interpreted broadly
§ 32-45 Inconsistent provisions of law
§ 32-46 Tax exemption
§ 32-47 Personal liability of directors or persons acting on behalf of the corporation
§ 32-47a Business plan. Report

Terms Used In Connecticut General Statutes > Chapter 581 - Innovation Capital Act of 1989. Connecticut Innovations, Incorporated

  • Advanced technology center: means a cooperative research center in a specified field of science and technology established and funded, subject to the requirements in sections 32-40a, 32-40b and 32-40c, through an academic, industrial and governmental partnership for purposes of technological research with a direct relationship to economic development in the state. See Connecticut General Statutes 32-34
  • Affiliate: means any person that directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with, another person, including, but not limited to, any corporation, general or limited partnership or limited liability company controlled, directly or indirectly, by such other person or the corporation, provided, in addition to other means of being controlled, a general or limited partnership or limited liability company shall be deemed to be controlled by the corporation if the corporation or one of its affiliates acts as a general partner or a manager of such general or limited partnership or limited liability company. See Connecticut General Statutes 32-34
  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
  • Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
  • Capital initiative: means providing financial aid through one or more affiliates and raising the capital for such affiliates, in whole or in part, from sources other than the state. See Connecticut General Statutes 32-34
  • Chambers: A judge's office.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Dependent: A person dependent for support upon another.
  • Early or first-stage financing: means financial aid to companies that have expended initial capital, developed and market-tested prototypes, and demonstrate that such funds are necessary to initiate full-scale manufacturing and sales. See Connecticut General Statutes 32-34
  • Entrepreneur: means any person who seeks to organize, operate and assume the risk for a business enterprise, or who organizes, operates and assumes the risk for a business enterprise. See Connecticut General Statutes 32-34
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Expansion financing: means financial aid to companies for market expansion or to enhance the fiscal position of a company in preceding a liquidity event including, but not limited to, an initial public offering or acquisition. See Connecticut General Statutes 32-34
  • Fiduciary: A trustee, executor, or administrator.
  • Finance committee: means a committee or subcommittee organized by the corporation and having the authority to approve or deny applications for financial aid and to enter into agreements on behalf of the corporation to provide financial aid. See Connecticut General Statutes 32-34
  • Financial aid: means the infusion of capital to persons, in any form whatsoever, including, but not limited to, grants, loans, equity, leases, guarantees, royalty arrangements, other risk capital and other types of financial assistance. See Connecticut General Statutes 32-34
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Incubator facilities: means a building, structure or complex designed, constructed, renovated or developed to house and provide research and other services to assist small technology-based companies. See Connecticut General Statutes 32-34
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Invention: means any new product without regard to whether a patent has been or could be granted. See Connecticut General Statutes 32-34
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • legislative body: means : (1) As applied to unconsolidated towns, the town meeting. See Connecticut General Statutes 1-1
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Majority leader: see Floor Leaders
  • Minority leader: See Floor Leaders
  • month: means a calendar month, and the word "year" means a calendar year, unless otherwise expressed. See Connecticut General Statutes 1-1
  • Oath: A promise to tell the truth.
  • oath: shall include affirmations in cases where by law an affirmation may be used for an oath, and, in like cases, the word "swear" shall include the word "affirm". See Connecticut General Statutes 1-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Outlays: Outlays are payments made (generally through the issuance of checks or disbursement of cash) to liquidate obligations. Outlays during a fiscal year may be for payment of obligations incurred in prior years or in the same year.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.
  • Person: means any individual, general or limited partnership, corporation, limited liability company, institution of higher education, governmental entity or joint venture conducting research into ideas with commercial potential or carrying on business, or proposing to carry on business, within the state which (A) in the case of an individual, general or limited partnership, corporation, limited liability company or joint venture, demonstrates to the corporation the inability (i) to obtain conventional financing in satisfactory amounts or on satisfactory terms or (ii) to locate or continue operations in the state without assistance as provided in this chapter, and (B) demonstrates to the corporation that any project for research into or the development of specific technologies, products, devices, techniques or procedures or the marketing of services based on the use of such technologies, products, devices, techniques or procedures for which assistance under this chapter, is sought, (i) will create new or retain existing jobs in the state, (ii) will result in an increase in the amount of goods or services exported from the state, (iii) will help to strengthen the economy of the state, or (iv) will promote the development and utilization of technology in the state. See Connecticut General Statutes 32-34
  • Personal property: All property that is not real property.
  • Preseed financing: means financial aid provided for research and formulation of a concept. See Connecticut General Statutes 32-34
  • President pro tempore: A constitutionally recognized officer of the Senate who presides over the chamber in the absence of the Vice President. The President Pro Tempore (or, "president for a time") is elected by the Senate and is, by custom, the Senator of the majority party with the longest record of continuous service.
  • Product: means any technology, device, technique, service or process, which is or may be exploitable commercially. See Connecticut General Statutes 32-34
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • 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
  • savings banks: shall include savings banks, societies for savings and savings societies. See Connecticut General Statutes 1-1
  • Seed financing: means financial aid to an inventor or entrepreneur to assess the viability of a concept and to qualify for start-up financing to fund, including, but not limited to, product development, market research, management team building and, pending successful progress on such initial steps, business plan development. See Connecticut General Statutes 32-34
  • Seed venture: means a business or other entity in the early stage of development. See Connecticut General Statutes 32-34
  • Start-up financing: means financial aid to companies in the process of organizing as a business or that have been in operation for less than one year and (A) have completed product development and initial marketing but have not sold such product commercially, and (B) have established viability by performing market studies, assembling key management, developing a business plan and may also qualify for start-up financing by demonstrating viability by other means deemed appropriate by the corporation. See Connecticut General Statutes 32-34
  • Statute: A law passed by a legislature.
  • succeeding: when used by way of reference to any section or sections, mean the section or sections next preceding, next following or next succeeding, unless some other section is expressly designated in such reference. See Connecticut General Statutes 1-1
  • Technology: means the conversion of basic scientific research into processes, techniques and products which may have commercial potential. See Connecticut General Statutes 32-34
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Trustee: A person or institution holding and administering property in trust.
  • 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