Friday, August 10, 2007

New CT Innovations chair

Edward Bowman, a former Cheshire town councilman, is stepping away from building a biodiesel facility so that he can serve as chairman of Connecticut Innovations. The appointment has garnered some criticism as Mr. Bowman does not appear to have a background in technology innovation. On the other hand, sometimes it takes an outsider to stir things up.

Connecticut Innovations was set up by the state legislature almost two decades ago and for the last decade has been running on returns from its investments, largely in pharmaceutical and biomedical start-ups. In addition to these investments, CI also administers the Connecticut Clean Energy Fund, which is fueled by money from our electricity bills.

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