(San
Mateo, CA and Pittsburgh,
PA) The City of Pittsburgh, Pennsylvania
U.S.A., is the county seat of Allegheny
County. In the year 2018, the population was
estimated at, 302,407 people. The
latter, makes Pittsburgh the 66th
largest city in the U.S.A. Pittsburgh
is referred to as, the Steel City. Additionally, it is located where the Allegheny
River, the Monongahela River and Ohio
River meet. Interestingly, Pittsburgh’s
Hazelwood Neighborhood is located next to, the Monongahela River. One more step forward, Hazelwood Green is a
new re-development area that, is located in the Hazelwood Neighborhood. Recently, Gsvlabs announced that, it is doing
something in Hazelwood Green.
Specifically; the aforementioned business revealed that, Pittsburgh’s
Hazelwood Green, will be the next home of one of its Innovation Hubs. Specifically; Gsvlabs’ Innovation Hub in Pittsburgh,
will be a long term leased office space, in Roundhouse.
Gsvlabs’ Innovation Hub that, will
be located inside Hazelwood Green’s Roundhouse, is scheduled to open sometime
next year. Technically, the scheduled
opening, is during the second business quarter of the year 2021. Additionally, this project is well aligned
with the vision, which was established by Almono, LP. However and returning to; Hazelwood Green,
the aforementioned re-development area, was once an industrial area. In fact, it was once the site of the Jones
& Laughlin Steel Company (The J&L Company). Later on, Hazelwood Green became the home to
LTV Steel. In the year 2002, LTV Steel
sold Hazelwood Green to Almono, LP. The
latter; is made up of the following organizations. The organizations are Richard King Mellon
Foundation, The Heinz Endowments and the Claude Worthington Benedum
Foundation. Almono, LLC is the business
entity that, manages the partnership, along with, the projects. As a re-development area, Hazelwood Green is
envisioned to become the following. What
is envisioned is a world-class model for sustainable development. Therefore, the following will be inside
Hazelwood Green; office spaces, research spaces, development spaces, light
manufacturing spaces, housing units, retail spaces, public green spaces, trails
and transportation.
Returning to, Gsvlabs’ Innovation
Hub in Pittsburgh, the
aforementioned aims at keeping Pittsburgh’s
entrepreneurs in the City of Pittsburgh. It is hoped that, the previously said can be
accomplished, through, the following manner.
Through collaboration with local organizations, investors, enterprises
and universities is how Pittsburgh’s
entrepreneurs; will be kept in the city.
Additionally, the Innovation Hub will regularly put on community events
and programs. Furthermore; the
Innovation Hub will provide local entrepreneurs with co-working spaces, an
events space, flexible workshops, training rooms, access to Gsvlabs’ Passport,
access to a resource library and Gsvlabs’ network.
Sam Reiman is the Director of the
Richard King Mellon Foundation. The
latter, is a member organization of Almono, LP.
Through a press statement, Mr. Reiman said the following. “GSVlabs’ decision to locate in the historic
Roundhouse at Hazelwood Green was more than two years in the making and
represents another positive step forward in Pittsburgh
raising its profile as a destination for entrepreneurs, talent, and investment
capital. With Carnegie Mellon
University, Aptiv and now GSVlabs at Hazelwood Green, there is growing momentum
for us to build Pittsburgh’s—and the Country’s—new economy right in our own
backyard—through the sustainable re-use of a historic site where the old
economy was forged.” William Peduto is
the Mayor of the City of Pittsburgh. Through a press statement, Mayor Peduto said
the following. “As the first national
startup accelerator to set up a permanent location in Pittsburgh,
GSVlabs is demonstrating confidence in the vision established for Hazelwood
Green as a place where innovation is fostered, anchored by the p4 Principles of
people, planet, place, and performance.
GSVlabs’ commitment to sustainability, together with their plans to
engage the community through educational and training opportunities and events,
reflects that vision, and we look forward to welcoming them to Pittsburgh.” Rich Fitzgerald is an Executive at Allegheny
County. Through a press statement, Mr. Fitzgerald
said the following. “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.
We’re delighted to see the investments made into Hazelwood Green bearing
fruit. The addition of GSVlabs at the
Roundhouse underscores the benefits of being in close proximity to our
universities and to those businesses whose partnerships will allow the company
to continue to grow.”
Continuing with, Gsvlabs, the aforementioned
is a portfolio company of GSV Capital.
Interestingly, the GSV part means, Global Silicon Valley. GSV Capital, is a publicly traded venture
capital firm. Therefore, it is committed
to an accelerated investment, in dynamic businesses. Additionally, these venture capital backed
businesses are expected to become, “The Stars of Tomorrow.” In turn, Gsvlabs picks up the previously
mentioned commitment. Currently; it reports
that it has more than 20,000 members, 450 investors and more than 100 enterprise
partners. The latter, happens as network
operations of a global innovations platform.
This global innovations platform is called, Passport. Gsvlabs’ Passport is meant to empower
entrepreneurs, whilst simultaneously, democratizing business innovation. A physical location, of the Gsvlabs’ Passport
is an Innovation Hub. One of the goals
of an Innovation Hub, is a connection to the U.S.A.’s
Silicon Valley.
To end, Gsvlabs (NASDAQ: GSVC) did release a press statement. Nikhil Sinha is the Chief Executive Officer
of Gsvlabs. Through a press statement,
Mr. Sinha said the following. “We are
extremely excited to bring GSVlabs to Pittsburgh,
as we continue to expand our footprint not just with our global online
platform, but in supporting emerging innovation markets around the world with
our Innovation Centers. We see huge
potential in Pittsburgh’s rapidly
growing market of entrepreneurial and startup activity, with its expanding
network of unprecedented university talent and engineering, AI, and data
science expertise. It’s an exciting time
to be part of Almono’s vision to build the nation’s next innovation hub in Pittsburgh.” As previously stated; Gsvlabs recently
announced that, it is doing something in Hazelwood Green. Specifically; the aforementioned business
revealed that, Pittsburgh’s
Hazelwood Green, will be the next home of one of its Innovation Hubs. Specifically; Gsvlabs’ Innovation Hub in Pittsburgh,
will be a long term leased office space, in Roundhouse. Lastly; Gsvlabs’ Innovation Hub, is scheduled
to open sometime during, the second business quarter of the year 2021.
###
Written
from Press Release
Registered
Writer with
PR
Newswire Association, LLC
R-Berumen28
03/06/2020
Post a Comment