Future Fund

Future Fund is sponsored by Connecticut Innovations. The Future Fund invests in venture-backable, tech-enabled startups that champion diversity. They prioritize high-quality teams building businesses in growing markets and typically lead or co-lead Seed or Pre-Seed rounds.

Future Fund - Connecticut Innovations Connecticut Innovations Our mission is to empower diverse teams and ambitious founders with venture-backable businesses that can scale rapidly and demonstrate global impact. The Future Fund is looking to invest $50M into venture-backable, tech-enabled startups that champion diversity. We are looking to back high-quality teams that are building businesses in growing markets.

CI will typically lead or co-lead Seed or Pre-Seed rounds, with an average initial check size from $250,000 - $1. 5 million.

Managing Director, Investments of venture capital funded startups have solely a female founder of venture capital funded startup founders are Latinx of venture capital funded startup founders are black Matrix Rental Solutions, Inc. Alison Malloy is a managing director of investments for Connecticut Innovations, focusing on tech investments and consumer product goods.

She manages CI’s $50M Future Fund, which prioritizes diversity in its portfolio. Alison is responsible for sourcing and evaluating investment opportunities, structuring investment terms and accelerating portfolio companies through active board participation.

She is also the co-founder of Tidal River, Connecticut’s women investor network, and serves as a regular speaker, judge and member at several entrepreneur organizations, including Golden Seeds, AIF’s Angel Investor Forum and Springboard Enterprises. Alison contributes to CI’s expertise in tech with more than 20 years in the industry.

Alison was the CEO and co-founder of Design2Launch (D2L), a leading Connecticut-based tech startup in workflow collaboration for the CPG and pharma industries, with two successful exits, to Eastman Kodak Company in 2008 and Danaher in 2018. She started her career with GE Capital and General Electric and graduated from GE Capital’s business financial management program.

She was also the chief financial officer of the NBC Retail Experience Store in NYC and integrated the acquisition of the Mexican bank Banco Alianza with GE Capital Mexico. Alison co-led a management consulting practice for Arthur Andersen Management Consulting and started her investing career at the Slovak American Enterprise Fund in Slovakia. Alison graduated from Boston College.

CI seeks companies led by CEOs whose resilience, creativity and resourcefulness will lead to outsized returns. While the fund will invest in early-stage companies of all types, diversity at the board and executive level is key. Preference will be given to disruptive and high-performing early-stage companies that have high growth potential.

We’re looking for early-stage companies that are looking to accelerate their growth, test their innovations, build minimum viable products or run customer pilots. Both first-time founders and seasoned entrepreneurs are welcome. To ensure that outside capital is leveraged, co-investment will be required, either at the time of funding or shortly thereafter.

Companies that join the portfolio will also have access to other investors who make it their mission to champion diversity. CI’s investment criteria have been honed over decades to help us select companies with the highest potential for outsized returns. As such, we prioritize companies that are developing a technology that is unique and difficult to copy due to patents, design or go-to-market strategy.

Co-investment is required. To be considered for the Future Fund, companies must have and maintain a presence in Connecticut. From $250,000 to $1.

5 million per company. Follow-on funding is available through the Future Fund. This field is for validation purposes and should be left unchanged.

Is the company located in CT (Required) If the company is not in Connecticut are you willing to relocate to the state? (Required) Company MUST be willing to relocate or expand to Connecticut to be eligible for funding consideration.

Address Your Company is Located (Required) State / Province / Region Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cabo Verde Cambodia Cameroon Canada Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos Islands Colombia Comoros Congo Congo, Democratic Republic of the Cook Islands Costa Rica Croatia Cuba Curaçao Cyprus Czechia Côte d'Ivoire Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People's Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People's Democratic Republic Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macao Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island North Macedonia Northern Mariana Islands Norway Oman Pakistan Palau Palestine, State of Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Romania Russian Federation Rwanda Réunion Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Sweden Switzerland Syria Arab Republic Taiwan Tajikistan Tanzania, the United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkmenistan Turks and Caicos Islands Tuvalu Türkiye US Minor Outlying Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela Viet Nam Virgin Islands, British Virgin Islands, U.S. Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe Åland Islands Name of person who referred you to CI.

(If applicable) Please provide a brief description of your business. (Required) Does the company have any University Affiliation? (Required) Name of University if affiliated Pitch deck or Business plan (Required) Max.

file size: 50 MB. Still have questions? Feel free to reach out to Tamyra Davis.

Connecticut Innovations' Angel Investor Tax Credit applications have officially reopened. Applications are now being accepted beginning August 3, 2026. Tax credit reservations are limited, don't wait to apply.

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