GSVlabs to Launch Innovation Economy in Pittsburgh

“We are extremely happy to bring GSVlabs to Pittsburgh, as we continue to expand our presence not only with our global online platform, but also by supporting emerging innovation markets around the world with our Innovation Centers, ”said Nikhil sinha, CEO of GSVlabs. “We see enormous potential in Pittsburgh A rapidly growing market for entrepreneurial activity and startups, with its expanding network of academic talent and unprecedented expertise in engineering, AI and data science. It’s an exciting time to be part of Almono’s vision to build the country’s next innovation hub by Pittsburgh. “

Hazelwood Green will host GSVlabs’ new state-of-the-art innovation center, slated to open in the second quarter of 2021, aligning with Almono’s commitment to make the region a world-class model for sustainability, including Unique office workspaces, research and development, light manufacturing, housing, retail, public green spaces, trails and transportation. With accelerated economic growth and start-up activity, GSVlabs is well positioned to support the community, offering entrepreneurship-focused coworking spaces, carefully designed for founders and startups, indoor collaborative workspace and events. – intelligent exterior, and flexible workshop and training rooms. Additionally, all GSVlabs members will have access to Passport ™ with its on-demand resource library and network, including their online global community of entrepreneurs, investors and mentors.

GSVlabs is also excited to be able to collaborate with local organizations including investors, businesses and universities. As part of its mission, the Company aims to support existing efforts to maintain Pittsburgh entrepreneurs Pittsburgh and attract outside entrepreneurs to the city. Other activities that will support GSVlabs’ efforts to foster innovation include regular startup community events and programs.

In support of the addition of GSVlabs to Hazelwood Green, Sam reiman, Director of the Richard King Mellon Foundation and Almono Fellow, said: “GSVlabs’ decision to move to the historic Hazelwood Green Roundhouse lasted more than two years and represents another positive step forward in Pittsburgh raise its profile as a destination for entrepreneurs, talent and private equity. With Carnegie Mellon University, Aptiv and now GSVlabs in Hazelwood Green, we have more and more momentum to build Pittsburgh – and the country’s new economy in our own backyard – through the sustainable reuse of a historic site where the old economy was forged. ”

Echoing this support and GSVlabs’ shift to Pittsburgh, City of Pittsburgh Mayor Guillaume Peduto said, “As the first national startup accelerator to establish a permanent location in Pittsburgh, GSVlabs demonstrates its confidence in the vision established for Hazelwood Green as a place where innovation is encouraged, anchored by the p4 principles of people, planet, place and performance. GSVlabs’ commitment to sustainability, as well as their plans to engage the community through education and training opportunities and events, reflect this vision, and we look forward to welcoming them to Pittsburgh. ”

“It’s exciting to see this region continually recognized as a hub for innovation, growth, opportunity and ideas – and today’s announcement that Hazelwood Green has been selected by GSVlabs is no exception. Said the county manager. Rich Fitzgerald. “We are delighted to see the investments made in Hazelwood Green bear fruit. The addition of GVSlabs to the Roundhouse underlines the advantages of being close to our universities and companies whose partnerships will allow the company to continue to grow.

About GSVlabs

Global Silicon Valley Labs – GSVlabs – is a global innovation platform based in Silicon Valley with over 20,000 members, 450 investors and over 100 partner companies in our network. Our mission is to create the world’s first global innovation platform – empower entrepreneurs and democratize innovation around the world. We create powerful network effects by supporting entrepreneurs, connecting startups and investors, and enabling innovation in the world’s largest companies. We catalyze the global innovation ecosystem and through our Innovation Centers and our Passport ™ online platform, we connect Silicon Valley to the world and the world to Silicon Valley.

About Hazelwood Green

Situated in Pittsburgh Hazel neighborhood and located along the Monongahela River, the Hazelwood Green site was once the home of Jones & Laughlin Steel Company (J&L Company) and later LTV Steel. Hazelwood Green is meant to become a world-class model for sustainability encompassing a mix of office, research and development, light manufacturing, housing, retail, public green spaces, trails and transportation. In 2002, Almono LP was formed by four Pittsburgh foundations to buy the Hazel LTV Steel website. Today, Almono LP comprises the Richard King Mellon Foundation, The Heinz Endowments and the Claude Worthington Benedum Foundation, with Almono LLC acting as the managing partner of the project.

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