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New venture capital program will help life science companies in western Pennsylvania: Governor Rendell

Early-stage life science companies in western Pennsylvania will be able to expand and create quality jobs with the help of a state investment in venture capital, Governor Edward G. Rendell said today.

"The life sciences are a growth sector for Pennsylvania," said Governor Rendell. "This industry creates opportunities for Pennsylvanians to obtain high-skill, high-wage jobs and has huge potential to be a major economic driver for the state."

The Commonwealth Financing Authority today approved $5 million for Pittsburgh-based Corridor Ventures through the New PA Venture Capital Investment program.

Full Story: http://www.news-medical.net/news/20090911/New-venture-capital-program-will-help-life-science-companies-in-western-Pennsylvania-Governor-Rendell.aspx

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What can be done to assist Montana bio firms? What are your thoughts? Add a comment.

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