David Wurzer Joins Connecticut Innovations

David Wurzer has joined Connecticut Innovations as a managing director. He previously was executive vice president, treasurer and CFO for CuraGen Corp. (Nasdaq: CRGN).

PRESS RELEASE

Connecticut Innovations (CI), the state’s quasi-public authority responsible for technology investing and innovation development, today announced that it has appointed David M. Wurzer to the position of managing director, investments at CI. In this role, Mr. Wurzer will be responsible for sourcing and analyzing investment opportunities, leading CI investments in entrepreneurial high-tech ventures, and providing strategic advice to CI portfolio companies.

Mr. Wurzer brings extensive experience in operations and finance to CI. He previously served as executive vice president, treasurer and chief financial officer of CuraGen Corporation (NASDAQ: CRGN) of Branford, Conn., managing the company’s initial public offering and helping raise over $700 million for the company. While at CuraGen, Mr. Wurzer negotiated strategic and business development alliances with several pharmaceutical and biotechnology companies, including Roche, Bayer, Amgen-Freemont (Abgenix), and Seattle Genetics.

“We are delighted to welcome Dave to our team,” said CI President and Executive Director Peter Longo. “We know Dave quite well, having worked with him extensively when CuraGen Corporation was a CI portfolio company. Dave knows what it takes to grow a high-tech business exponentially and will be a tremendous asset to both CI and our portfolio companies.”

Mr. Wurzer also previously held executive-level positions with Value Health, Inc. of Avon, Conn., including senior vice president, treasurer and chief financial officer. During his seven-year tenure at Value Health, he helped the company achieve exceptional growth, increasing revenues 20-fold to $2 billion and expanding its employment from 400 to 6,000 employees.

Mr. Wurzer launched his career with Coopers & Lybrand in Hartford, Conn. (now part of PricewaterhouseCoopers), where he held various accounting and managerial positions.

Mr. Wurzer is a certified public accountant and earned a Bachelor of Business Administration in Accountancy degree from the University of Notre Dame. He is a resident of Wethersfield, Conn.

About Connecticut Innovations, Inc.
Connecticut Innovations (CI) is a quasi-public organization dedicated to driving a vibrant, entrepreneurial, technology-based economy in Connecticut. CI stimulates high-tech growth by investing in: early-stage Connecticut technology companies, university/industry research collaborations, technology transfer, and clean energy initiatives through the Connecticut Clean Energy Fund. CI also fosters collaboration among government, business, nonprofit and academic organizations to advance technology growth and promotes public policies consistent with CI’s mission. For more information on CI, please visit www.ctinnovations.com.