Pittsburgh Life Sciences Greenhouse (PLSG) is an investment firm based in the South Side neighborhood of

Pittsburgh, Pennsylvania Pittsburgh ( ) is a city in the Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the second-most populous city in Pennsylva ...

that provides resources and tools to entrepreneurial life sciences enterprises in Pittsburgh and western Pennsylvania in order to advance research and patient care.

History

Since PLSG began operations in 2002, it has assisted more than 435 life sciences companies and has affected more than 10,000 jobs in western Pennsylvania. PLSG has provided 34 companies with office or laboratory space, and 14 have been relocated to Pittsburgh from outside the region. PLSG has invested over $20 million in 77 companies, which has leveraged over $1.5 billion in additional capital to the region. PLSG guides researchers, entrepreneurs and emerging companies through the challenges faced in early stages of company development. They provide support to companies developing product and service innovations in biotechnology tools, diagnostics/screening, healthcare IT, medical devices and therapeutics. PLSG also helps in the expansion of more mature life science companies, by supporting new product and market developments and connecting them to investors. Pittsburgh Life Sciences Greenhouse grew out of an original plan known as BioVenture, developed by CMU and Pitt.Greenhouse Attracts First Company; Gets $33.3 Million in State Funding
/ref> The initiative received a major boost in 2001 when money from the state's settlement with the

tobacco industry The tobacco industry comprises those persons and companies who are engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. It is a global industry; tobacco can grow in any ...

was pledged to create a life science greenhouse in

Western Pennsylvania Western Pennsylvania is a region in the U.S. state of Pennsylvania, covering the western third of the state. Pittsburgh is the region's principal city, with a metropolitan area population of about 2.4 million people, and serves as its economic ...

. In 2003, Pittsburgh Biomedical Corporation, a non-profit established in 1988 by the Pittsburgh Technology Council, consolidated with PLSG. Today, PLSG exists as a partnership between the

Commonwealth of Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, Ma ...

University of Pittsburgh The University of Pittsburgh (Pitt) is a public state-related research university in Pittsburgh, Pennsylvania. The university is composed of 17 undergraduate and graduate schools and colleges at its urban Pittsburgh campus, home to the univers ...

, Carnegie Mellon University,

University of Pittsburgh Medical Center The University of Pittsburgh Medical Center (UPMC) is a $23billion integrated global nonprofit health enterprise that has 92,000 employees, 40 hospitals with more than 8,000 licensed beds, 800 clinical locations including outpatient sites and d ...

and the regional foundation of community. Their state mission is to "create, nurture and help establish a globally dominant life sciences industry in western Pennsylvania."

References

External links

Pittsburgh Life Sciences Greenhouse
Video
WQED OnQ feature on the Pittsburgh Life Sciences Greenhouse
{{authority control University of Pittsburgh Carnegie Mellon University University of Pittsburgh Medical Center Biotechnology Business incubators of the United States 2002 establishments in Pennsylvania Economy of Pittsburgh Life sciences industry