News: Novitas Capital

Pittsburgh Life Sciences Greenhouse Negotiating with PA Early Stage to Manage up to $20 Million in Initial Pre-Seed Funding

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PA Early Stage currently has more than 30 active portfolio companies in IT and life sciences. The firm has built a portfolio of life sciences companies across segments that include medical devices, drug development, diagnostics, ag-biotech and healthcare delivery systems.

 

The pre-seed and seed funding programs sponsored by the PLSG are part of a larger plan by the organization to create funding mechanisms to meet the needs of the region's life sciences industries. In 2002, the PLSG announced the creation of the University Development Fund (UDF) and the Industry/University Collaborative Research Fund (IUCRF) to support the development of new ideas originating from universities and companies.

 

 

 

 

 

 

About the Pittsburgh Life Sciences Greenhouse

The Pittsburgh Life Sciences Greenhouse (PLSG) is a strategic economic development initiative. Its goal is to grow western Pennsylvania's region to become a premier national and international center for life sciences. It is a collaborative effort that includes key government, university, industrial and economic development organizations that will result in a critical mass of bio science companies, jobs and research infrastructure. The PLSG initiative is being built on a powerful base of advanced research and healthcare capabilities, led by the University of Pittsburgh, Carnegie Mellon University and the UPMC Health System.

 

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