As venture capitalists in recent years pulled away from backing risky start-up companies, entrepreneurs noted a serious financing gap that threatened Connecticut's position as one of the country's most innovative states.
"The whole innovation ecosystem depends on capital," said Frank Marco, an attorney for Wiggin and Dana in New Haven.
Marco, who helped launch the start-up technology company Autotether LLC, said the funding gap currently is being filled by so-called "angel investors," who are taking advantage of a tax incentive passed by the General Assembly in 2010 to help small state businesses succeed.
To read the full, original article click on this link: The Day - Angel investor tax credit reaps rewards | News from southeastern Connecticut
