CTC In The News

Angel Investing Jumps with State Tax Credit
01/12/12 - Hartford Courant - The Connecticut legislature's 2010 jobs package bill allowed angel investors who put $100,000 into small Connecticut tech/science startups to deduct a quarter of that investment from state income taxes. "There is an explosion in entrepreneurship and people want to get in on it," said Matthew Nemerson, Connecticut Technology Council CEO, which has been lobbying for angel investor tax credits for over five years. "The legislation came at the right time to throw fuel on the fire.  Read the full article.

UConn: Funding and New Synergies
for Tech Startups
11/28/11 - Hartford Business Journal - Synaptic Dynamics, Inc. is utilizing UConn's new angel investor fund to help it develop a new compound
to enable the brain to fight Alzheimer’s disease. Matthew Nemerson, President of the Connecticut Technology Council, called the fund a new paradigm, "... the fund sets up a new situation where donation results in ‘capital outflow ...’ Read the full article.

CT Tech Council - Supporting the New Yankee Ingenuity

11/08/11 - 10 Minute Strategy - ...enjoy this interview with Matthew Nemerson, CEO and President of the Connecticut Technology Council.

MA Startup Challenge Eyes CT/NY

11/04/11 - Westfair Online - On Nov. 14,
Global Entrepreneurship Week (GEW), sponsored
by the Kauffman Foundation, will include a three-day Startup New Haven competition to build a web or mobile application in a weekend. In September, a similar Startup Weekend Hartford was sponsored by Northeast Utilities, the Connecticut Technology Council and the Connecticut Incubator Network ... Read the full article.

CTC Announces the 2011 CT Tech "Companies to Watch"888

10/28/11 - Westfair Online - State models incubator effort after Stamford center...The planned funding comes on the heels of Startup America establishing a Startup Connecticut program intended to groom new companies, and as the Connecticut Technology Council held its annual Innovation and Entrepreneurship Summit and Northeast Angel Summit in New Haven last week. ...Read the full article
10/29/11 - theday.com - Anthony Viggiano, inventor of the Autotether wireless lanyard, was among a host of local inventors and entrepreneurs to be recognized at the annual Connecticut Technology Council awards dinner Thursday. ...Read the full article
11/04/11 - BYM News & Magazine - Autotether wins Connecticut Tech Council Innovation Award for Wireless Lanyard System...Read the full article

Have All the Angels Gone to Haven?

10/11/11- conntact.com - Connecticut startups find they must get much more creative to get financing...Matthew Nemerson, president and CEO at the Connecticut Technology Council (CTC)..."The environment for investing in early-stage equity probably is the strongest it’s been in a long time because of a number of initiatives in the past two or three years,” he says, citing CI’s Pre-Seed Fund as one of the catalysts. ...Read the full article

Despite Hopes, Computer Sector Not Making a Dent in CT Joblessness

10/09/11- Hartford Courant - Why don't we have
it together like Boston's Route 128, North
Carolina's Research Triangle, or the Silicon Valley? Gov. Malloy wants to change that with the landing
of a major biotech research nonprofit and just recently, the launch of "Startup Connecticut" to
help fast-growing tech firms thrive....Connecticut Technology Council CEO, Matthew Nemerson, said "The link between sales growth and hiring has
been slipping ..." Read the full article.

State Must Roll Up Its Sleeves to Help Create Jobs

10/02/11 - (Hartford) courant.com - Incredibly, a shortage of trained workers is in part why hundreds of good manufacturing jobs in CT are unfilled. Yet there are programs here that graduate many
full-time students yearly. Gov. Dannel Malloy is heavily engaged in job creation and is meeting with business leaders and is also engineering several large deals to bring jobs into the state. Matthew Nemerson of the Connecticut Technology Council points out that "... CEOs want government that is agile and paying attention ..." Read the full Editorial.

CTC Announces the 2011 Marcum Tech Top 40

8/04/11 - Westfar Online - Fairfield County well represented in the 2011 Marcum Tech Top 40
9/27/11 - MarketWatch - Evolution1(TM) has Been Named by the Connecticut Technology Council as an Award Winner in the 2011 Marcum Tech Top 40...Read the full press release
9/28/11 - MarketWatch - STR Holdings, Inc. Named Leading Energy/Environmental Company among Connecticut's Fastest Growing Companies...Read the full press release
9/28/11 - MarketWatch - [Defibtech] named to Marcum Tech Top 40 by Connecticut Technology Council for fifth consecutive year...Read the full press release
9/29/11 - MarketWatch - Adeptra Recognized in Connecticut Technology Council Tech Top 40 for Fourth Year in a Row...Read the full press release
10/20/11 - PRWeb - OpenSky Corporation Receives Fastest Growth Award...Read the full press release

Herbst Putting UConn on the Fast Track

07/25/11 - HartfordBusiness.com - UConn's newly minted president, Susan Herbst, said investment in faculty, equipment and labs are needed for UConn to drive the commercialization of its research and attract top scientists and federal dollars. Herbst also had a role in driving tech transfer efforts in Georgia, something that gives Matthew Nemerson, CEO of the Connecticut Technology Council, hope that she will be able to do the same in Connecticut. ... Read the full article.

Is State As Serious About Jobs As Grads Are?

05/25/11 - Hartford Courant - Nearly half of the recent college graduates who left Connecticut
and New England did so primarily to pursue jobs
in other states, according to a 2010 report by the Connecticut Technology Council. Gov. Malloy has called for a bold plan to more than double ... Read the full article.

State Launching UConn Research Park

04/29/11 - Hartford Courant - A new research park at UConn's Storrs campus is going forward, to resemble a smaller version of North Carolina's Research Triangle Park. Sen. Beth Bye, D.West Hartford, co-chairwoman of the higher education committee, hopes the tech park will be ready in a few years. Matthew Nemerson, CEO of the Connecticut Technology Council, said there's a hunger at the state businesses for more partnerships with universities ... Read the full article

Connecticut Still Waiting for Impact of Korea Deal

03/21/11 - Hartford Business Journal - The state's December 2010 trade agreement deal with South Korea could yield benefits in the future. Matthew Nemerson of the Connecticut Technology Council recently visited South Korea - already our seventh-largest exporter. "Korea ... is the most productive country ... when it comes to turning research and development into patents. Once (their goal to provide most flat-screen TVs and high-end components) becomes reality, Korea will be open
to more joint agreements ... " Read the full article.

Moving to a 'Green Economy': The Unmarked Road Ahead

03/07/11 - CT Mirror - In his ongoing support of
the creation of green jobs, Gov. Malloy named
Daniel Esty as the state environmental protection commissioner and chief energy advisor.  A Yale
law and environment school professor, Esty is also the author of Green to Gold: How Smart Companies
Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage. Matthew Nemerson of the Connecticut Technology Council said  "... CT should focus on areas where we already have an edge, like designing energy-efficient building systems and products ..." Read
the full article.

Business Friendly:  What Does It Mean for Connecticut?

02/27/11 - Hartford Courant - CEOs expect to
deal with executives at the same level at other companies, and that goes for this state, said Matthew Nemerson of the Connecticut Technology Council. " ... The culture is, 'at our level we deal with CEOs.' In state government, that's the governor. So that's the game. It's crucial for the governor to build relationships ..." Read the full article

CTC Asks Governor to Oversee Building of Innovation Eco-System

02/24/11 - Hartford Courant - The Connecticut Technology Council issued its 2011 public policy Innovation Agenda today for the consideration
of the new Governor's Administration, the State Legislature and other economic development groups. The Agenda is organized around the “innovation eco-system” - the set of conditions
and relationships that enable a region to create companies and jobs by commercializing
intellectual property ... Read the full article.

Malloy's First Five Hailed as Worthy Try

02/21/11 - Hartford Business Journal - The governor's “First Five” initiative seeks instate and out-of-state companies, creating 200 jobs in the next two years or alternatively, in five, if they invest $25 million. In exchange, he will approve every business incentive we have to offer. But
state costs are no higher and sometimes less
than in metro New York and Boston, said Matthew Nemerson, President of the Connecticut Technology Council. According to a December CTC study of tech CEOs, costs are less of a draw than fostering innovation ... Read the full article.

A Democratic Governor Reaches Out to State Businesses

02/14/11 - CT Mirror - Governor Malloy comes to office after 14 years as the mayor of Stamford. On the campaign trail, he heard there just wasn't the partnership between the state and private sector that is needed. Already, he has met with the MetroHartford Alliance, the CBIA, and several major companies. Matthew Nemerson of the Connecticut Technology Council said "... I think it's fascinating that we have a mayor leading the state.  It's rare, but it makes so much sense ... Read the full article.

What Connecticut can learn from Pfizer's decision

02/04/11 - (Hartford) courant.com - Gov. Malloy said he only heard about Pfizer's plan to move hundreds of jobs to Cambridge the day before
the announcement. Matthew Nemerson of the Connecticut Technology Council said that agenicies and government must recognize how to compete with out-of-state moves — an expanded UConn research hospital, and growing partnerships
among New Haven, Yale and private research companies ... Read the full blog article.

Pfizer workforce layoffs announced

02/01/11 - (Hartford) courant.com - Pfizer said
that 25 percent of its Groton and New London
workforce will be laid off as some operations
are transferred to Cambridge, MA in an effort
to cut R&D costs. Matthew Nemerson of the Connecticut Technology Council said this is evidence that companies are relocating research operations to areas with a concentration of life sciences."The trick here is to say, OK, next time they have to locate 1,000 people, they choose Groton," said Nemerson. But biotech firms may benefit ... Read the full blog article.

RSL Fiber Systems earns second
major award in three months

01/31/11 - Corporate Connecticut - RSL Fiber Systems has received The 2010 North American
Technology Innovation of the Year Award, from renowned research leader Frost & Sullivan.
Last fall, the Connecticut Technology Council and Marcum, LLP named RSL the state’s leading technology company in revenue growth in
advanced manufacturing.  Read the full article.

Malloy Sought Ideas, Now Proposals Abound

01/24/11 - Hartford Business Journal - Tax-free
industry zones and public-private sector cooperation are suggestions made by Governor Malloy’s working group, which includes business and policy leaders MetroHartford Alliance CEO Oz Griebel, Connecticut Technology Council CEO Matthew Nemerson and Liberty Bank CEO Chandler Howard. This may indicate some of the economic development policies that Malloy will pursue. Read more

CT Numbers on Unemployed and 99ers

01/12/11 - Examiner.com - Connecticut has fared better than most with the unemployed and 99ers, with a 9% unemployment rate. But the Connecticut Technology Council news that tech jobs are on a down hill run could change those numbers, bringing rates in the Nutmeg State closer to the national average. Ref: Ucubed, Connecticut Technology Council, CNBC. Read the full blog article

Laser Firm Finds Future Lies In R&D

01/10/11 - Hartford Business Journal -
Joining Technologies has added a $1.5 million research center, JTRC, which is a joint venture with a German firm. The East Granby company will develop new ways to use lasers in welding, cladding and additive processing and aims to become an industry-leading innovator. Despite economic difficulties, more state companies are following the lead to stay ahead of changes in their industries, said Matthew Nemerson, Connecticut Technology Council CEO. Read the full article

99ers unemployment extension - more free money for 'couch dwellers'?

01/10/11 - Examiner.com - 99ers wait for help,
not free money... they want jobs. In the tech sector, Connecticut jobs are on the decline. The Connecticut Technology Council reports one reason: the state is too expensive, and many jobs are being stationed overseas. Comcast, one of the state's biggest cable providers ... Ref: NY Times, Fox News Live, Comcast, Connecticut Technology Council.  Read the full blog article

New Play on Job Numbers?

01/8/11 - Examiner.com - Job growth indicators
are not just unemployment numbers or numbers
of new jobs; the Connecticut Technology Council reports a near 10 percent drop in IT job postings in the last months of 2010. This is significant, considering that technology is running the U.S. today. To get a true picture of how the job economy is doing, many indicators need to be considered.  Ref: Fox News Live, Connecticut Technology Council, Bloomberg Report. Read the full blog article

Memo To Gov: Help The Successful Too

01/06/2011 - Courant Blog/Connecticut Confidential In an important study, the Connecticut Technology Council talked to CEOs of fast-growing firms who weren't worried about taxes or regulation, but were clear that government has no idea what companies are up to. "Government can't just see itself as taking care of people who are in trouble,'' said Matthew Nemerson, president of CTC and co-author of the study. While Nemerson's group has some proposals with a price tag ... Read the full blog article

Industry Groups Playing Legislative Defense

01/03/2011 - Hartford Business Journal - Legislative agendas indicate that many industries are on the defense to protect tax credits. In the tech sector, the Connecticut Technology Council wants the angel tax credit and insurance reinvestment portion of the 2010 Jobs Bill reworked to clarify who qualifies for tax or insurance credits, said Matthew Nemerson, CTC president and CEO. CTC will propose programs teaming private organizations with the government to encourage investment. Read the full article