"Protez Pharmaceuticals is an outstanding example of the importance of access to funding from Commonwealth-supported organizations such as BioAdvance, which has been a driving force in our growth and success. Protez received seed-stage funding from BioAdvance, and early-stage funding from BioAdvance Ventures. These early-stage investments were critical in our ability to reach company milestones, attract and hire personnel, and attract more than $20 million to date in additional capital to the region. "

Christopher Cashman
President and Chief Executive Officer
Protez Pharmaceuticals
Malvern, PA

Apply For Funding >> Greenhouse Fund Overview

Greenhouse Fund Overview

To support growth of the life sciences industry in Southeastern Pennsylvania, BioAdvance established the $20 million Greenhouse Fund to invest in promising proof-of-concept projects related to biotherapeutics, biomedical devices, diagnostics and platform technologies.

The BioAdvance model is an innovative regional solution to the national problem of insufficient seed and pre-seed stage funding. Since making its first Greenhouse Fund investments in 2003, BioAdvance has committed $18 million in funding to startup life sciences companies and pre-seed projects. Click here to view company fact sheets.

The Greenhouse Program invests up to $1.25 million in seed-stage companies over the life of an investment. Initial seed investments are up to $500,000 and BioAdvance also provides its funding recipients with business assistance and critical resources as they grow. The program also invests up to $50,000 in Pilot investments. These are focused on helping pre-seed stage companies and academic projects with critical activities and research.

Applicants can be institutions, companies or individuals not affiliated with an organization, and they must be located in, or willing to relocate to, Southeastern Pennsylvania. Applications will be evaluated by technical and business advisors in order to identify the most promising proposals. We encourage all applicants to review the "BioAdvance Funding Workshop Presentaiton" which is intended to help applicants avoid common pitfalls. (For additional information email us at mmccoy@bioadvance.com.)

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