In The News07.14.2023

Nancy Hancock Talks New Startups in Connecticut with Inc.


Pullman & Comley attorney Nancy A. D. Hancock, co-chair of the firm’s Business and Finance practice, spoke with Inc. about the growth in Connecticut startups in the year ahead. In a trend that was accelerated by the pandemic, Connecticut has attracted companies and talent that traditionally had been drawn to New York and Boston.

The article presents a list of 12 Connecticut startups that are expected to make waves in 2024 covering various sectors, including fintech, healthcare, blockchain, and defense tech.

"Defense tech is a natural R&D spinoff from the many defense contractors and OEMs (original equipment manufacturers) based in Connecticut," Nancy said. "Defense tech knowledge and know-how abound, which leads to seasoned experts in these fields who just need to meet the right capital resources so they can create their own businesses. Connecticut's own quasi-governmental venture capital fund, Connecticut Innovations, Incorporated, was originally established under Connecticut's Innovation Capital Act of 1989 with a mission to capitalize on Connecticut's robust defense technology."

Other lifestyle factors make Connecticut an attractive destination, Nancy adds. "Connecticut offers quality of life features, like its hiking trails, coastline activities, beaches, and boating that are easy to get to and don't have to cost a lot to enjoy," Nancy said.

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