PITTSBURGH, Sept. 8, 2011 /PRNewswire/ -- Golden Seeds, an investment firm dedicated to achieving above market returns for investors through the empowerment of women entrepreneurs, announced today that it has opened an office at the Pittsburgh Life Sciences Campus in Pittsburgh, Pennsylvania to support the growing number of investments the firm has made in the city and state-wide in Pennsylvania. Since its first Pittsburgh investment in 2006 in Redpath Pathologies, a molecular diagnostics company, Golden Seed has subsequently made three investments in the city – Carnegie Speech, Towercare Technologies and Cognition Therapeutics, as well as Saladax in Bethlehem, Pennsylvania.
The announcement will be made today at a luncheon hosted by Alicia McGinnis, Susan Catalano and Joy Borelli-Edwards at the borelli-edwards galleries, and co-hosted by Innovation Works and the Pittsburgh Life Sciences Greenhouse.
"We have a long history of investing in Pittsburgh companies," said Stephanie Hanbury-Brown, CEO of Golden Seeds. "We recognized the value of the strong support the local ecosystem provides for entrepreneurs. Pennsylvania has several state programs that are extraordinarily supportive early stage companies, and Pittsburgh has been particularly active in nurturing them – including Ben Franklin Technologies, the Pittsburgh Life Sciences Greenhouse, and Innovation Works."
"These programs have made it easy for us to invest in several of the excellent companies we have seen from the region," confirmed Nada Jain, Managing Partner for Golden Seeds Fund 2 LP, who travels regularly to Pittsburgh to fulfill her obligations as a board member of Cognition Therapeutics. Ms. Jain, Ph.D. is an intellectual property lawyer who led the Golden Seeds 2010 investment in Pittsburgh's Cognition Therapeutics, a life sciences company focused on small molecule therapeutics targeting the toxic proteins that cause the cogniti
|SOURCE Pittsburgh Life Sciences Greenhouse|
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