BioInnovation Connecticut, managed by Connecticut Innovations, has announced a three-year, $10 million investment in the Program in Innovative Therapeutics for CT’s Health (PITCH) through the Connecticut Bioscience Innovation Fund.

The program, led by Dr. Craig Crews of Yale University and Dr. Dennis Wright of the University of Connecticut, looks to structure and oversee the creation of new biopharma and biotechnology ventures based on research from the state’s higher education system.

“We are taking Connecticut into the future by investing in – and committing to – bioscience, and this collaboration will boost the number of discoveries coming from our state,” said Governor Dannel P. Malloy. “We look forward to seeing the discoveries that come from the steps we’ve taken and the program in the future.”