Venture Fund Member Profile
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Connecticut Innovations provides strategic capital and operational insight to push the frontiers of high-tech industries such as energy, biotechnology, information technology, and photonics.
Over the years, CI has helped over 100 emerging companies research, develop, and market new products and services. This activity has attracted over $1 billion dollars in additional investments from private equity providers. CI has brought the State of Connecticut over $510 million in Gross State Profit and over 5,000 additional job-years.
CI was created by the Connecticut Legislature in 1989. Since 1995, returns from its own prudent investments - not state money - have supported operations and new, forward-thinking funding programs.
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Patrick O'Neill P.E. Director, Investments Connecticut Innovations |
Patrick joined Connecticut Innovations in 2006 as part of the Connecticut Clean Energy Fund. In 2009 he joined the CI investment team. While his focus is in the area of clean technology and industrial/energy technologies, Patrick has worked on investments in the life sciences, software and digital media sectors. Patrick serves on the board of Skystream Markets. Additionally, Patrick is a board observer for Innovatient Solutions, Novatract Surgical, Intelligent Clearing Network, Zadspace, SmartEquip, Acumentrics, RemoteReality Corp. and Optiwind, one of the first companies to receive an investment through the Connecticut Clean Tech Fund. Patrick also serves on the board of directors of the CT Power and Energy Society as treasurer.
Prior to joining CI’s investment team, Patrick was a project manager for the Connecticut Clean Energy Fund’s On-Site Renewable Distributed Generation Program and Project 100. In this role, Patrick performed financial analysis on numerous renewable energy projects that utilized diverse technologies including fuel cell, solar photovoltaic, hydro and sustainable biomass. Previously, Patrick worked for UTC Power, Duke Engineering and Services (now Areva NP Inc.) and Yankee Atomic Electric Corporation.
Patrick holds a master's degree in business administration from New York University's Stern School of Business, a master's degree in mechanical engineering from Worcester Polytechnic Institute and a Bachelor of Science degree in nuclear engineering from the University of Massachusetts at Lowell. Additionally, Patrick is a licensed professional engineer in the state of Connecticut.
Representative Investments
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Skystream Markets is an institutional transaction platform for the environmental markets. Our proprietary trading systems have been developed and launched in close consultation with major institutional market participants, including renewable power producers, utilities, energy trading companies, and investment banks. A technology leader in the field, Skystream Markets offers full automation across the trade cycle: execution, trade capture, processing, and reporting. Operating a pure agency model that does not take principal risk, we offer our clients robust and innovative transaction mechanisms that are currently lacking in the environmental markets. |
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Optiwind Corp. has developed a new style of compact wind acceleration turbine (CWAT) that is designed specifically for the mid-sized distributed generation market. This includes schools, factories, large retailers, offices and other facilities that have the space and wind resource to generate their own power on site. Optiwind’s new technology uses wind acceleration and a series of smaller turbines to generate power at an installed cost that is not possible with conventional turbine technologies. |
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NovaTract Surgical develops new, innovative medical devices to address the rapidly growing field of Single-Port Laparoscopic Surgery and Natural Orifice Transluminal Endoscopic Surgery (NOTES). Single-port refers to the method of accessing the abdominal cavity with an endoscope through one incision to perform surgery. NOTES describes the method of accessing the abdominal cavity with an endoscope through a natural orifice to perform surgery. Demand for these methods is rapidly increasing. Both Single-port and NOTES provide a decrease in number of incisions required for surgery resulting in less pain and scarring, and less risk of infection, adhesion or hernias in the abdomen wall. |
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Zadspace proprietary software-as-a-service (SaaS)-based platform enables retailers to deliver highly targeted advertisements on 4” x 6” color labels affixed to packages shipped to consumers. The company’s platform enables advertisers to more effectively target qualified prospects in an exclusive and uncluttered environment. Zadspace’s retail partners earn revenue on each labeled package shipped.
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Patrick participated in the FundingPost event: Stamford Venture and Angel Event
on Thursday, September 6, 2012 in CT, Sponsored by Ambrose, SocialRadius, The Soho Loft, Connecticut Innovations, Stamford Innovation Center
To list your Company on our website and make your profile available to Patrick and 7,500+ other VCs and Angel Investors, Click Here.
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