As an innovation engine, Pitt converts millions in research investment into billions in commercial activity.
Pitt translates research into economic and social impact. In the 2018 fiscal year, Pitt converted $808 million in research activity into $1.7 billion in impact. Generating support for 8,683 jobs, researchers focus on areas ranging from literary criticism to the quest for quantum computers.
Pitt’s multidisciplinary approach to research has the power to solve society’s most pressing challenges and energize a new era of economic opportunity.
Powering the future of power
As an anchor tenant of the Energy Innovation Center in Pittsburgh’s Hill District neighborhood, Pitt’s Energy GRID Institute is making immediate impacts in the local economy through $5 million of in-kind support. GRID has become an international solution center for modernizing the electric power industry through public and private partnerships.
From lab to market
Research discoveries don’t become life-changing innovations all by themselves. In fiscal year 2018, Pitt’s Innovation Institute helped researchers disclose 363 inventions, file 98 patents, and found 23 startups.
And through a $1 million investment, Pitt has supported 42 commercialization projects since 2017. One of these projects, LyGenesis, leveraged Pitt’s investment to secure $3 million in seed capital for its revolutionary liver transplant therapy.