The Life Sciences Greenhouse of Central Pennsylvania provides investment funding up to $1 million in milestone-driven convertible debtSecurity which can be exchanged for a specified amount of another, related security, at the option of the issuer and/or the holder. or equity financing to viable seed\-stageA company that is established with a CEO, a business plan and intellectual property assigned to it or owned by it, but typically no sales record as yet. or established life sciencesA cluster of scientific disciplines concerned with human life and health. Included are many branches of biology (e.g., molecular biology, cell biology) and chemistry (e.g., biochemistry), as well as some areas of genetics, physics and materials science, among others. companies that have significant potential for commercial growth.
The goals of our funding are to:
- Accelerate development of technologies or commercially advance sponsored research
- Develop promising life sciences companies into stronger businesses capable of attracting follow\-on fundingAny funding that comes into the company after LSGPA's investment. May include money from grants, friends and family, angel investors, or venture capital firms.
- Grow the economy of Central Pennsylvania and create wealth for the region’s residents.
We encourage start-up companies to apply – whether established or in the formation stage – provided they emphasize the life sciences and have staffing commitments to central Pennsylvania.
LSGPA also supports new and expanding commercial entities through targeted delivery of business development services.