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Pittsburgh Life Sciences Greenhouse Demonstrates a Region's Economic Resilience
Date:9/23/2009

nvestment in the commercialization of promising life sciences technologies.

Summary of PLSG Accomplishments to Date:

  • The PLSG has invested $14.7 million directly into 60 companies to help leverage over $500 million in additional capital.
  • The PLSG has assisted nearly 300 clients/companies through its Executive-in-Residence program.
  • The PLSG has invested $15.2 million in venture capital funds to help leverage an additional $110 million in total funding.
  • The PLSG's SBIR Advance program has assisted nearly 100 companies with their federal grant strategies. To date, these companies have received over $18 million in federal grant funding.
  • The PLSG has provided 27 early stage companies and venture capital and life sciences organizations with office and laboratory space in its incubator.
  • The PLSG has assisted 13 life sciences companies with relocating to the region and is working with other companies to establish operations in western Pennsylvania.
  • The PLSG has leveraged $2.4 million in federal grant money to help provide core and customized workforce training to over 6,000 trainees since September, 2005.
  • The PLSG has helped create 5,000 jobs directly/indirectly including university faculty and facilities. (300+ jobs created in invested companies and 1,000+ jobs in PLSG active companies/clients)
  • 30 executives have participated in the PLSG EIR program: 7 are currently active with PLSG and 20 former EIRs remain in the region.
  • The regional life sciences company formation rate has increased from 2-3 per year to 15-20 new companies per year.

About the Pittsburgh Life Sciences Greenhouse (PLSG)

The Pittsburgh Life
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