Connecticut General Statutes 32-39v – Internet web site re Connecticut-based start-up businesses. Requirements. Promotion of web site
(a) On and after July 1, 2017, CTNext, established pursuant to section 32-39f, shall maintain an Internet web site that advertises (1) Connecticut-based start-up businesses that have been approved by Connecticut Innovations, Incorporated as qualified recipients of cash investments from angel investors pursuant to section 12-704d, and (2) Connecticut-based start-up businesses that are seeking funding on reward-based and equity-based crowdfunding Internet web sites. For each business advertised on such Internet web site, CTNext shall include a description of such business and the product, project or venture proposed by such business and links to the Internet web site and crowdfunding Internet web site associated with such business, as applicable. For purposes of this section, “crowdfunding” means funding a product, project or venture by seeking small individual cash contributions from a large number of people.
Terms Used In Connecticut General Statutes 32-39v
- Product: means any technology, device, technique, service or process, which is or may be exploitable commercially. See Connecticut General Statutes 32-34
- Venture: means , without limitation, any contractual arrangement with any person whereby the corporation obtains rights from or in an invention or product or proceeds therefrom, or rights to obtain from any person any and all forms of equity instruments including, but not limited to, common and preferred stock, warrants, options, convertible debentures and similar types of instruments exercisable or convertible into capital stock, in exchange for the granting of financial aid to such person. See Connecticut General Statutes 32-34
(b) CTNext, the Department of Economic and Community Development and Connecticut Innovations, Incorporated shall each post on the home page of its Internet web site a link to the Internet web site maintained pursuant to subsection (a) of this section. CTNext shall advertise and promote such Internet web site with paid advertisements on Internet web sites and any other means as determined by CTNext.