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Partnerships are an Instrumental Component for Achieving the Economic Growth We Seek

Posted on by Erron Smith

This month I had the benefit of meeting with the inaugural companies of Connecticut’s InsurTech Accelerator program, and attend the first DEMO-Day which represented a book-end to their 16-week Startup Bootcamp experience. An initiative that marks the first of its kind in the state, this program, [which connects investors, industry professionals, and other resources with entrepreneurs] reflects how the state’s existing assets serve as a foundation for many innovative companies seeking to develop and scale their businesses.

These companies have utilized their individual expertise in focus areas that include artificial intelligence, big data analytics, health insurance, and cyber security, to deliver some extraordinary solutions for the insurance, health, finance, and supply chain sectors. And while these talented entrepreneurs are creating solutions for the challenges of today and tomorrow’s economies, they are also considering where to establish an operational presence as they realize success.

This presents a great opportunity for us (as champions of the state and stewards of economic development initiatives) to use our expertise, relationships, and resources to make sure these companies feel at home and are aware of all the Connecticut ecosystem has to offer. This underscores the AdvanceCT focus on strategic and thoughtful collaboration. Developing effective partnerships is an instrumental component for achieving the economic growth and the sustainability goals of our great state, and will always be an intangible value-add to the business community and the residents that benefit from their success.

As we continue to engage prospects, such as the ones that recently matriculated through the StartUp Bootcamp Accelerator, and execute our business attraction efforts, the AdvanceCT team is looking forward to engaging with our existing partners, and forming new relationships with all and any whom are interested in working together to achieve a mission of growth and economic sustainability through innovation, entrepreneurship, retention and attraction.