Innovate in PA – Life Science Greenhouse

Overview

Innovate in PA is a new initiative whereby the three regional Life Sciences Greenhouses (LSGs) will receive new capital as a result of the sale of $100mm in insurance premium tax credits. Revenue generated through the sale of the tax credits will be deployed to the three LSGs through the Ben Franklin Technology Development Authority (BFTDA). The Innovate in PA enabling legislation allows for up to 5% of the net proceeds received to be deployed to the three LSGs which will share the proceeds equally.

Uses

Funding is administered through the Life Science Greenhouses to businesses that support the accomplishment of the mission of the LSG program. This support may be in the form of grants, loans, equity investments, royalty/payback agreements, or other forms of financial support.

Funding

Companies in the life science and biotechnology industries are encouraged to reach out to their designated LSG to learn more about funding opportunities.

Terms

Terms vary for each organization. Please contact your local LSG with specific questions.

How to Apply

Please contact your regional Life Science Greenhouse partner for information on how to apply for funding.

  • BioAdvance Biotechnology Greenhouse of Southeastern Pennsylvania
  • Pittsburgh Life Sciences Greenhouse
  • Life Sciences Greenhouse of Central Pennsylvania

External Links

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