Secretary Davin Continues ‘Jobs That Pay’ Tour at Carmell Therapeutics and Discusses Governor Wolf’s Commitment to Technology Sector in Pennsylvania
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Secretary Dennis Davin continued the ‘Jobs that Pay’ tour at Carmell Therapeutics, a Pittsburgh-based biotechnology company focused on improving and accelerating the healing process, to highlight Governor Tom Wolf’s commitment to promoting entrepreneurship in the technology sector, advancing innovation, and creating a technology-ready workforce in Pennsylvania.
“Today’s visit demonstrates the ways that the Wolf Administration is pushing the development of new health care technologies care through programs like the Pennsylvania Life Sciences Greenhouse Initiative,” Secretary Davin said. “It’s always exciting to see how the commonwealth can support the private sector in ways that help spur innovation and make Pennsylvania fertile ground for new technology.”
Secretary Davin highlighted Governor Wolf’s commitment to helping the technology sector flourish in Pennsylvania through state programs like the Pennsylvania Life Sciences Greenhouse Initiative. The initiative is designed to maximize the innovation potential of the life science industry by providing crucial seed funding and technical assistance to life science companies, which in turn enables new companies to form, jobs to be created, and life-saving technologies to reach patients. The program provides funding to three Life Sciences Greenhouse organizations across the commonwealth, including the Pittsburgh Life Sciences Greenhouse (PLSG), that in turn administer assistance to companies. Carmell Therapeutics has received more than $1.1 million in support from PLSG since starting as a spin-out by Carnegie Mellon University faculty.
“Pittsburgh Life Sciences Greenhouse has been a consistent and important presence in the creation and growth of Carmell over the years,” said Randy Hubbell, president and CEO of Carmell Therapeutics. “Specifically, the knowledge, connection, and capital were instrumental to the founders and early stage CEO in getting the company to a foundation that allows us to move two product candidates through development to regulatory approval for the benefit of patients all over the world.”
Since the inception of the Life Sciences Greenhouse Initiative in 2003, it has contributed to the creation of 4,740 jobs and helped deliver 251 life-saving technologies to the market.
In 2006, Carmell Therapeutics also benefitted from a $50,000 Pennsylvania Infrastructure Technology Alliance (PITA) award. PITA is a collaboration of DCED, the Center for Advanced Technology for Large Structural Systems (ATLSS) at Lehigh University, and the Institute for Complex Engineered Systems at Carnegie Mellon University.
Michael Gerber, DCED, 717.783.1132