CTech Celebrates New, Expanded Space in New Haven
Over 100 members of Connecticut's technology community attend grand opening
Rocky Hill, Conn., September 23, 2010 - Connecticut Innovations (CI), the state's quasi-public authority responsible for technology investing and innovation development, today hosted a grand opening celebration for the new and expanded technology business incubator in New Haven known as CTech@Science Park at Yale. The grand opening afforded members of Connecticut's high-tech community an opportunity to tour CTech's new space, at 5 Science Park.
CTech is an incubator initiative for startup technology ventures in Connecticut. Tenants of CTech enjoy access to shared amenities; on-site accounting, legal and professional business services; high-speed Internet and an advanced information technology network within the CTech community.
"I am very encouraged by the expansion of CTech. Entrepreneurial activity in Greater New Haven has been vibrant, resulting in strong demand for CTech's services - and the need for expansion," noted Joan McDonald, chair of CI and commissioner of the Connecticut Department of Economic and Community Development. "Because there is further room for growth in Science Park, CTech@Science Park at Yale has the potential to become the local, regional hub for startup ventures seeking specialized services and resources. This growth spurt could be the start of something very significant for the entrepreneurial community."
CTech's new space has doubled the size of the New Haven incubator from 2,000 s.f. to 4,000 s.f., allowing it to accommodate up to 15 tenants. Five high-tech tenants are currently in the facility, so space is available for up to 10 additional tenants. CI, which administers the CTech initiative, is now accepting applications for new tenants in CTech@Science Park at Yale. This is the first time in 18 months that CI has been able to accept applications for the New Haven facility due to space constraints at the incubator's previous location.
Connecticut Innovations, in partnership with The United Illuminating Company, the Economic Development Corporation of New Haven, Yale University and LaunchCapital, spearheaded the launch of the New Haven CTech incubator in October 2008 as part of CI's pre-seed support program.
"UI is proud to work with CI, EDC New Haven, Yale University and LaunchCapital to support economic development in New Haven," said Shelly Saczynski, director of economic and community development for The United Illuminating Company. "We are, and have long been, committed to creating jobs for the residents of the communities we serve and to increasing the economic vitality of Connecticut."
Anne Haynes, chief executive officer of the Economic Development Corporation of New Haven, said, "A key element of EDC's mission is to catalyze New Haven's entrepreneurs and help them grow their businesses. EDC is thrilled to partner with CTech, which provides the physical work space and business resource center in one location. CTech expansion will increase the number of tech-based startups in New Haven and contribute mightily to the thriving innovative environment at Science Park."
Because of the success of the New Haven initiative, the CTech model was recently expanded to two additional locations: the University of Connecticut Health Center campus in Farmington and the University of Bridgeport campus in Bridgeport.
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