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Connecticut is a hub for biotechnology and healthcare entrepreneurs due to its renowned medical institutions and research facilities. These startups focus on developing new pharmaceuticals, medical devices, and healthcare technologies. In addition to high-tech and specialized industries, small businesses and retail ventures are also part of Connecticut's entrepreneurial landscape.

Connecticut provides support for entrepreneurs through various programs, incubators, and accelerators. The Connecticut Small Business Development Center is one such organization that offers resources, mentoring, and funding opportunities to help startups succeed. Networking events, pitch competitions, and co-working spaces also facilitate collaboration and innovation within the entrepreneurial community.

The state has implemented policies and incentives to support entrepreneurship and innovation, such as tax credits for research and development activities, loan programs, and grants for small businesses. However, the CTNext program has been discontinued and will be redesigned within the CT Department of Economic and Community Development (DECD).

The City of New Haven’s Small Business Resource Center, in collaboration with the Community Foundation of Greater New Haven’s Mission Investments Corporation, administers NHE3. This small business grant program offers grants of up to $10,000 to companies that can demonstrate a need, proposed use of funds, and how those funds will impact their business.

Yale University established Yale Ventures in 2022 to promote entrepreneurship and innovation among its faculty and students. It offers resources such as accelerators, funding, and mentorship through programs like Venture Lab and the Blavatnik Fund. Yale Ventures encourages connections within Yale's innovation community and facilitates corporate partnerships to advance its research and educational goals. It collaborates with various innovation centers to further support entrepreneurial endeavors.

Milestones & Accomplishments

  • Since 2018, the residents of Greater New Haven have launched more than 30,000 businesses.
  • The Community Foundation for Greater New Haven manages NHE3, a $10 million program funded by State ARP, City of New Haven ARP, and private sources to aid small businesses. This initiative is designed to foster a more equitable entrepreneurial ecosystem and strengthen the resilience of small businesses in Greater New Haven over the next five years.
  • The Lab at ConnCORP in Hamden has been awarded $4 million to support Black and minority-owned businesses during their early stages.
  • ClimateHaven, New Haven's first climate tech incubator, opened in 2024.


Collab is an organization that empowers individuals and families to use entrepreneurship to gain autonomy, build wealth, and shape their communities. We prioritize serving people of color and women — particularly Black and Latinx entrepreneurs — who face persistent and significant barriers because of structural racism and sexism.

Entrepreneurship is a way to create economic stability for families, and also for individuals to have agency and ownership in their lives and their communities. Our core belief is that entrepreneurship (which we define as the act of taking a risk on behalf of our community) should be accessible to every single person, no matter where they come from.

We see our work as being a part of a wider ecosystem of entrepreneurship support resources, funding, and programs in our community. Our work within that ecosystem has 3 components:

  • Programming: We provide entrepreneurship programming that combines high-quality business education with a heart-based leadership development curriculum. Our programs are high-touch and provide wraparound services like childcare, transportation, and interpretation to make sure individuals can be supported and successful.
  • People: Our entrepreneurs gain access to a broad network of mentors, advisors, pro bono partners, and funders who form a net of support, expertise, and technical assistance.
  • Power: Our entrepreneurs are more powerful when they move and work together. We bring our 100+ graduates together to act as a coalition to advocate for themselves and our community’s collective good.


DistriCT New Haven
470 James Street, New Haven

Greater New Haven Chamber of Commerce
900 Chapel Street, 10th Floor
New Haven

Urban Collective
85 Willow St., New Haven

S*Park Innovation
5 Science Park, New Haven

New Haven Free Public Library
133 Elm St., New Haven

19th Floor, 157 Church St, New Haven

KNOWN Coworking
139 Orange St 4th Floor, New Haven