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BANKING & FINANCE BOOK OF LISTS 2020 | 33 LARGEST CONNECTICUT INNOVATIONS AID RECIPIENTS (Ranked by amount of funding, FY 2019, then number of jobs created) Largest Connecticut Innovations aid recipients (Ranked by amount of funding, FY 2019, then number of jobs created) Number of full-time jobs Rank Recipient Amount funded Type of funding/ Fund Amount leveraged retained created Type of business Top executive/ Title 1 ThayerMahan Inc. 120B Leonard Drive Groton, CT 06340 860-785-9994; www.thayermahan.com $1,680,000 Venture debt Eli Whitney $190,000 5.0 13.0 Information technology Mike Connor CEO 2 1touch.io 290 Harbor Drive Stamford, CT 06902 475-292-0843; 1touch.io $1,250,000 Convertible debt Eli Whitney $2,250,000 0.0 3.0 Information technology Zak Rubinstein Founder & CEO 3 TruOptik Data Corp. 750 East Main St., Suite 530 Stamford, CT 06902 203-816-8499; www.truoptik.com $1,145,609 Equity Eli Whitney $7,000,000 0.0 27.0 Information technology Andre Swanston Co-founder & CEO 4 Budderfly Inc. 2 Trap Falls Road, Suite 500 Shelton, CT 06484 855-917-0785; www.budderfly.com $1,091,750 Equity and debt Eli Whitney $27,839,623 40.0 1.0 Clean technology Albert Subbloie Founder & CEO 5 Torigen Pharmaceuticals 400 Farmington Ave. Farmington, CT 06032 888-303-3332; www.torigen.com $1,084,300 Equity CBIF $1,800,000 0.0 7.5 Bioscience Ashley Kalinauskas CEO 6 Azitra Inc. 400 Farmington Ave. Farmington, CT 06032 860-679-4292; azitrainc.com $1,069,600 Equity CBIF $8,000,025 0.0 7.5 Bioscience Richard Andrews President & CEO 7 Tangen Biosciences Inc. 20 Commercial St. Branford, CT 06405 203-433-4045; tangenbio.com $1,067,406 Equity CBIF $4,049,970 0.0 18.0 Bioscience Richard Birkmeyer CEO 8 Fresh Nation 300 First Stamford Pl. Stamford, CT 06902 203-646-1068; freshnation.com $1,017,197 Equity Eli Whitney $2,150,000 11.0 5.5 Information technology Antony Lee Founder & CEO 9 Joining Technologies 17 Connecticut South Drive East Granby, CT 06026 860-653-0111; joiningtech.com $1,000,000 Debt Works Loan NA 80.0 0.0 Welding/Automation David Hudson President & CEO 9 Simcha Therapeutics Holding Company LLC 504 Chapel St., Floor 2 New Haven, CT 06511 $1,000,000 Convertible debt CBIF $3,400,534 0.0 0.0 Bioscience Aaron Ring President Sources: CT Innovations, company websites and press releases. Notes: Jobs retained and created may be attributable to more than one instance of aid received in the same year. Amount leveraged represents the amount the company was able to secure via other sources such as bank lenders or venture capital investors. NA= Not applicable; CBIF = Connecticut Bioscience Innovation Fund. —Compiled by Heide Martin. Traditional – Residential mortgages – Special relationship pricing on jumbo loans – 100% financing options available Securities-backed lending – Borrow against liquid portfolio – Fixed/Variable credit lines with custom amortization – No account opening fees, points or closing costs – $25,000 minimum draw Private equity lending program – Borrow against existing LP interests – Min. loan size of $5 million – Min. net worth of $10 million Take advantage of the low rate environment and use the proceeds to acquire or expand a business, for real estate investments and renovations, or for luxury purchases such as aircra , yachts and cars. You can expect a highly personalized experience that is in complete alignment with your wealth and estate planning goals. Let our team of professionals get to work for you. Paul Sapiro, CEPA ® Senior Vice President– Wealth Management Senior Portfolio Manager 860-727-4668 paul.sapiro@ubs.com UBS Fnancial Services Inc. One State Street, Suite 1600 Hartford, CT 06103 ubs.com/fa/paulsapiro As a firm providing wealth management services to clients, UBS Financial Services Inc. offers both investment advisory services and brokerage services. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that clients understand the ways in which we conduct business and that they carefully read the agreements and disclosures that we provide to them about the products or services we offer. For more information, visit our website at ubs.com/workingwithus. For designation disclosures, visit ubs.com/us/en/designation-disclosures. © UBS 2019. All rights reserved. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA /SIPC. CJ-UBS-1170834667 Exp.: 12/31/2020 Take advantage of the liquidity your assets can provide Our products, services and team approach were designed with your growing needs in mind. Visit chelseagroton.com/growthatbusiness or call 860-448-4203 to learn how we can grow that business of yours together. BUSINESS BANKING • COMMERCIAL LOANS • TREASURY MANAGEMENT SOLUTIONS We're in the business of building dreams.