According to the Hartford Courant, Clair R. Leonardi’s appointment as CEO of Connecticut Innovations will shift the state’s commitment to developing its tech sector into overdrive.
Leonardi will oversee the investment of $100 million annually in tech startups. Up until now, the state has only invested in a few million in a handful of companies. Leonardi’s background is in venture capital and fund investing and has a Wharton MBA and also headed the UConn Health Center board.
She will not only head CI, but also the Connecticut Development Authority, which lends about $20 million a year to established companies and floats $30 million in bonds for economic development.