Pittsburgh Life Sciences Greenhouse Blog

Jim Jordan 08-07-2017

Improving Consistency in Digital Health

Digital Health is a complex system where ideas, trends, actions, and the ramifications that result, move at an ever-increasing rate of speed. In such an environment, it helps to have some level of consistency.  A set of rules, some generally agreed-to guiderails, that can keep forward progress moving while still enabling innovation and achievement. That […]

Jim Jordan 07-28-2017

Harry Potter, Business Coach

In J.K. Rowling’s collection of “Harry Potter” novels, the titular character becomes increasingly immersed in an epic showdown between the forces of good and evil in the fictional world of magic.  At the same time, he increasingly feels the need to go it alone – wanting to protect his friends and mentors from further danger. […]

Diana Cugliari 07-17-2017

New Tax Credit Frees Up Funds for Startups

When is a tax credit of little use?  Entrepreneurs have had access to the federal R&D tax credit for 35 years, but that only impacts income tax – and since startups typically have very little income, that particular tax credit really didn’t help much. But startups do have employees who get paid.  That’s why, starting […]

Diana Cugliari 06-28-2017

Accessing Non-Dilutive Government Funding & Other Opportunities for Biosciences

On June 12th, Liz Powell and Lindsay Sacco of G2G Consulting presented a lunch & learn seminar at the PLSG offices.  The topic was: Accessing Non-Dilutive Government Funding & Other Opportunities for Biosciences The presenters discussed that funding comes in 4 categories: Grants Discretionary Legislatiion Procurement And from 5 Sources: Defense Energy Health General Services […]

Jim Jordan 06-27-2017

Micro Facts, Macro Truth and the Life Sciences EcoSystem

In research, commercialization, business operations, and life in general, it’s important to realize and remember that select pieces of micro information do not necessarily add up to a Macro Truth, the complete picture. Often times micro information, a Micro Fact, is mistakenly generalized to represent the whole. This is not necessary intentional, and indeed most […]

Marissa Kuzirian 06-13-2017

Advances through the Triple Aim

The “Rule of Three” helps organize thoughts and communicate complex ideas simply.  Think “…of the people, by the people, for the people…” or “I came, I saw, I conquered.”  People like to think and act in sets of three. The Institutes for Healthcare Improvement used this principle to develop its “Triple Aim” approach to optimize […]

Jim Jordan 05-26-2017

Life Sciences Equals Economic Development

Life Sciences drives economies, and for western PA it is one of our best contributors to economic development in the form of generating wealth and jobs. Just look at the math. The term “life sciences” can include biotechnology, pharmaceutical, diagnostic, medical devices, and health care IT products – which make up approximately 40% of health […]

Jim Jordan 05-24-2017

Alpha Lab Demo Day – It’s Personal

Today, Innovation Works’ Alpha Lab Demo Day brings our community together to celebrate innovation and to reward the hard work of those who present their companies. Each year, as I did this morning at 7 am, I text Rich Lunak, President of Innovation Works, “It’s my favorite day of the year.” I know he appreciates […]

Marissa Kuzirian 05-15-2017

It All Starts with An Idea

by Marissa Kuzirian, Investment Manager Any project begins with an idea, the kernel of a concept that you hope pops into something bigger, something better. The same holds true for those involved in the life sciences.  A new treatment or device or biochemical breakthrough begins with a simple idea.  It might be to ease patients’ […]

Diana Cugliari 05-01-2017

Just the Facts – Speaking the Language of Funders

In just about any TV police drama, detectives have a way of cutting through the clutter when interrogating a witness – they want just the facts.  In other words, don’t waste time on irrelevant information or pumped-up descriptions.  Eliminate distractions.  Just the facts. Startup entrepreneurs can take this same advice when approaching funding sources.  Hopeful […]