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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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Related biology technology :

1. The Pittsburgh Life Sciences Greenhouse Starts 2009 With Investment Momentum
2. Delcath Adds University of Pittsburgh Medical Center to Phase III Trial
3. NIH Awards Approximately $3M Grant for Research Involving WaferGens SmartChip(TM) Real-Time PCR System at the University of Pittsburgh
4. Opening Dedication of the New John G. Rangos Sr. Research Center at the New Childrens Hospital of Pittsburgh of UPMC Campus in Lawrenceville
5. Pittsburgh Technology Council Announces Technology 50
6. Childrens Hospital of Pittsburgh of UPMC Receives Prestigious Recognition for Patient Safety Efforts in National Survey
7. Pittsburgh Region Middle School Students Participate in Hands-on Tissue Engineering Summer Camp
8. Court Determines that University of Pittsburgh and Artecel Have Sole Rights to Adipose-Derived Stem Cell Patent
9. The Pittsburgh Life Sciences Greenhouse Tops $10M in Company Investments
10. The Pittsburgh Life Sciences Greenhouse Invests $100,000 in ParentPlus
11. The PLSG Invests $150,000 in Coventina Healthcare Enterprises, Inc., Its Eighth Company Relocation to Pittsburgh
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