Pennsylvania’s Life Sciences Greenhouses Initiative
Economic Growth and Innovative Medical Product Development via Direct Investments
Who We Are
In 2001, Pennsylvania made a strong commitment to the biosciences by allocating up to $1.6 billion from the Master Tobacco Settlement to support research, encourage early stage funding, and enhance venture funding.
Out of this amount, $100M was allocated to three regionally based evergreen funds collectively known as the Life Science Greenhouses (LSGs)
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Our Impact
The LSGs fill a critical gap in early‐stage funding for emerging companies and promote other regional programs to advance both healthcare and Pennsylvania’s innovation economy.
Since 2002 the LSGs have:
Invested a total of $107.04 million
Leveraged nearly $5 billion in additional dollars
Created 3,072 high‐paying jobs
Supported formation of 138 new enterprises
Contributed to development of numerous new therapeutics, medical devices, diagnostics and medical information technologies
