The University of Pittsburgh's Daily Student Newspaper

The Pitt News

The University of Pittsburgh's Daily Student Newspaper

The Pitt News

The University of Pittsburgh's Daily Student Newspaper

The Pitt News

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First-year guard Aaryn Battle (1) dribbles the ball during Thursday evening’s game against Wake Forest in the Petersen Events Center.
Pitt women’s basketball falls back into their old habits, fall to Wake Forest 65-50
By Sara Meyer, Staff Writer • 9:10 am

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First-year guard Aaryn Battle (1) dribbles the ball during Thursday evening’s game against Wake Forest in the Petersen Events Center.
Pitt women’s basketball falls back into their old habits, fall to Wake Forest 65-50
By Sara Meyer, Staff Writer • 9:10 am

Pitt startup incubator LifeX receives a $2 million grant

The+Cathedral+of+Learning.
TPN File Photo
The Cathedral of Learning.

LifeX, an incubator established by the University of Pittsburgh, received a $2 million grant from the U.S. Department of Commerce’s Economic Development Administration to accelerate entrepreneurship in the tech field. 

LifeX is focused on delivering educational programming, commercialization expertise and investment capital, as well as helping startups to develop strong partnerships with industry and the financial community. 

This funding will allow LifeX to make a larger impact in the life science startup ecosystem. Currently, LifeX supports therapeutic, device, diagnostic and digital health technologies that are hoping to transform the future of health care through seed stage funding.

This new funding will help the program expand the existing Accelerator and Commercialization Program, create events and resources to attract and engage talent and develop opportunities to overcome the common risks associated with startups.

President and CEO of LifeX Gerald Vardzel said the funding will help further grow their impact in life sciences in both Western Pennsylvania and beyond.

“We are extremely pleased to have our unique business model at LifeX recognized by the EDA to assist life science startups with support at varying stages of their commercialization process. LifeX’s continuum of expertise and funding from startup to later stage seed investment provides multiple entry points to work with the entire LifeX organization to ensure meaningful and measurable impact on their commercial success,” Vardzel said. 

About the Contributor
Punya Bhasin, Assistant News Editor
Punya is an aspiring investigative reporter, and has worked at The Pitt News since her first semester freshman year. She has reported on Presidential rallies, protests, Covid-19 on campus and a number of stories aimed at holding the University accountable.