Connecticut Gov. Dannel Malloy on Sept. 4 signed legislation creating a $200 million bioscience innovation fund during a ceremonial event at the University of Connecticut Health Center in Farmington. The fund will make investments over 10 years through grants, equity investments, loans and loan guarantees to foster innovation in smaller companies.
Construction has been under way for the last year at the UConn Health Center to fulfill all aspects of Bioscience Connecticut an $864 million Malloy initiative that the General Assembly approved in 2011. It includes $291 million worth of bonds to lure Jackson Laboratory of Maine to build a genomics laboratory in Farmington.