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Conference to Turn Scientists of Color into PA-Based Entrepreneurs Set for November
Date:7/25/2008

ng the many fierce domestic competitors -- let alone places such as Ireland and Japan. While offering enticements and credits to lure businesses is a standard approach, promoting and engaging more scientific entrepreneurs of color is an innovative way to secure new talent and discoveries.

"The PLSG provides life sciences enterprises in Pittsburgh and western Pennsylvania with the resources and tools they need to make global advances in research and patient care," said John W. Manzetti, PLSG's President & CEO. "Cultivating and celebrating talented life sciences clinicians and entrepreneurs is a critical component of growing and industry and a prepared workforce."

The biosciences industry encompasses biotech, pharmaceutical, medical device, diagnostic, and laboratory equipment and contract research. Some $504 million in venture capital dollars flowed throughout the Pennsylvania in 2007. Over the past six years, some $2.8 billion has been raised to fund start-up companies. Less than a fraction of those firms are run by African Americans or Latinos, but that potential exists.

Dr. Ted W. Love, a Haverford College and Yale Medical School grad, will share his own up-from-the-farm-to-the-boardroom story as a conference keynoter. Love, president and CEO of California's publicly-traded Nuvelo Inc., is one of the few African Americans in the nation to helm such an enterprise.

Taking inspiration from speakers such as Love and practical know-how from the panelists and presenters at the conference is what makes this event special, and will elevate Pennsylvania in the years to come, said state Sen. Anthony H. Williams, a b2B advisory board member.

"You can't get ahead in the marketplace of ideas, hoping a few people will fuel your tank," Williams said. "That's just not smart. We have the chance to expand the class of business-minded scientists here. Be it now or five years from now, we are establishing ourselves to as the destination of choice fo
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SOURCE Pittsburgh Life Sciences Greenhouse
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