Idea Foundry is influenced in part by Pittsburgh’s hard-working, steel-town history and its resilience after the heyday of steel ended. This painting of a steel-worker hangs in our office to remind us of Pittsburgh’s past and our role as an agent in Pittsburgh’s transformation to a future as a global innovation hub.
Working in harmony with the strong base of university-led science and technology research in Pittsburgh, Idea Foundry has been able to support companies that have pushed the boundaries of life-sciences, intelligent systems, robotics, and more. Capitalizing on this strong research base, we launched the region’s first accelerator, not just in name, but literally to accelerate the process of commercialization in our region.
Idea Foundry was also the first in the region to develop a program and accelerator specifically targeting social enterprise companies which aim to drive social or environmental impact along with creating a profitable business. Portfolio companies have made breakthroughs in the fight against human trafficking, affordable housing, local agricultural solutions, and fostering economic opportunity in the region and the globe.