LifeX Labs has received a $750,000 grant from the U.S. Economic Development Administration (EDA) to enhance its efforts in southwestern Pennsylvania. It is among 44 organizations nationwide — and the only one in Pennsylvania — to share a total of $23 million awarded under the EDA’s i6 Challenge grant program to expand entrepreneurship.
LifeX Labs is a life science startup accelerator launched by the University of Pittsburgh in 2017 with a mission to help startup companies translate the region’s world-class research into breakthrough commercial products.
“LifeX helps young life science startup companies overcome the unique challenges that they face,” said Evan Facher, interim CEO of LifeX Labs. “The goal of this award is to help LifeX accelerate the development of resources and programming needed to enable these companies to thrive in the Pittsburgh region. In parallel, the award will also help us build a stronger sense of community within the life sciences ecosystem.”
With this three-year award, LIfeX Labs estimates that it will have the ability to serve thousands of innovators and entrepreneurs, add dozens of startups to its portfolio, and create over 100 jobs in the region by 2028.
In part, the funding will aid development of programming for pre-seed to Series A life-science companies; engagement of regional key opinion leaders to identify needs and opportunities in the life science community; and creation of a pipeline of life science workers at all skill levels in collaboration with local colleges and job training organizations.