Interview by Jonathan Kersting
Invenstment in Pittsburgh's tech industry continues to grow and we have the numbers to prove it!
In this episode, we nerd out on the release of the 13th annual investment report compiled by Innovation Works and Ernst & Young (EY). Guests Ven Raju from Innovation Works and Darrell Smalley from EY share insights on the significant growth seen in Pittsburgh's tech ecosystem since the first report was issued post-2008 recession.
They highlight that the number of investable companies in Pittsburgh has more than doubled from 75 to approximately 185 over the past decade, with nearly a billion dollars of institutional venture capital flowing into the region for the first time. The report underscores the robustness and diversification of Pittsburgh's tech sector, which spans life sciences, robotics, hardware, and software industries. The discussion emphasizes the strategic role of artificial intelligence (AI) and other advanced technologies in positioning Pittsburgh as a leading tech hub, attracting global investments that drive economic development in the region.
TechVibe is produced by the Pittsburgh Technology Council to explore Pittsbsurgh's technology and innovation ecosystem.