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Governor Rell opens CTech IncUBator@University of Bridgeport: New venture is a first of its kind for generating jobs in Fairfield County

Tuesday, November 16, 2010


Media Contacts:

For the University of Bridgeport: Leslie Geary
Director, Public Information
(203) 576-4625
   
For Connecticut Innovations: Emily Smith
Managing Director, External Relations
(860) 257-2337


Connecticut Governor M. Jodi Rell officially opened CTech IncUBator at the University of BridgeportNovember 16 -- Calling it “the perfect blend of public, private and academic support [with] the potential to boost economic development and create jobs on so many levels,” Connecticut Governor M. Jodi Rell officially opened CTech IncUBator at the University of Bridgeport today.

Developed by Connecticut Innovations (CI), the State of Connecticut’s leading investor in emerging technology ventures, and the University of Bridgeport (UB), the newly opened CTech IncUBator is Fairfield County’s first and only university-based incubator to help high-tech start-ups prosper.

Small businesses account for eight out of ten new jobs created in Connecticut.

Companies participating in the incubator, located on the UB campus at 250 Myrtle Avenue, are provided with an array of resources to ensure success in their earliest stages of development, from access to pro bono investment expertise to business and technology acumen, university research facilities, faculty and student interns, and advice from partner sponsors.

The incubator will initially focus on attracting participants from the following industry sectors: information technology, digital media, advanced materials, clean tech, biotechnology/biomedical technology and related technologies.

M. Mark Abreu, founder, co-director and chief science officer of Brain Tunnelgenix Technologies Corp., the first business tenant at CTechIncUBator, said, “We see this as the perfect environment to grow our business. Connecticut Innovations and the University of Bridgeport can take us to the next level. Their interdisciplinary approach is essential to technology companies like ours. Our products are based on research from one of the finest medical institutions in the world.”


About University of Bridgeport
The University of Bridgeport offers career-oriented undergraduate, graduate and professional degrees and award-winning academic programs in an international, culturally diverse supportive learning environment that prepares graduates for life and leadership in an increasingly interconnected world. There are 400 full- and part-time faculty members, including Fulbright Scholars, National Science Foundation Fellows, Ford Fellows, National Endowment for the Humanities Fellows, American Council for Learned Societies Scholars, and Phi Beta Kappa Scholars. Committed to creating new learning venues, the University of Bridgeport’s School of Continuing and Professional Studies and its Office of Distance Learning pioneered the first online graduate degree program in the state of Connecticut. A variety of online courses and certificate programs are also available. The University is independent and non-sectarian. For more information on UB, please visit www.bridgeport.edu.

About Connecticut Innovations, Inc.
Connecticut Innovations (CI) is a quasi-public organization dedicated to driving a vibrant, entrepreneurial, technology-based economy in Connecticut. CI stimulates high-tech growth by investing in: early-stage Connecticut technology companies, university/industry research collaborations, technology transfer, and clean energy initiatives through the Connecticut Clean Energy Fund. CI also fosters collaboration among government, business, nonprofit and academic organizations to advance technology growth and promotes public policies consistent with CI’s mission. CI directs the activities of CTech@Science Park at Yale in New Haven, CTech IncUBator@University of Bridgeport and CTech@UConn Technology Incubation Program in Farmington in partnership with founding sponsors and partners. For more information about CI, please visit www.ctinnovations.com. For more information on Connecticut’s CTech incubators, please visit www.ctech-ct.org.