ALung

Starting a company in the competitive health care industry comes with some necessary
guidelines – house your business near a large pool of educated talent and establish a strong research and development lab. That is exactly what Nicholas Kuhn of ALung did when he began searching for investors in his business.

The URA provided financial support “to help with a significant investment in our lab area through a matching city and state program,” said Kuhn. The investment provided a low interest rate and “allowed us to preserve our equity for research and development, which our investors found very positive.”

Through the URA’s Entrepreneur Fund, ALung received timely funding that was used for the acquisition of capital equipment. Today, ALung is one of the region’s fastest growing companies employing 27 at the company’s South Side offices. From these offices, ALung develops respiratory assist technologies that supplement mechanical ventilation and shorten the amount of time patients spend on ventilators.

According to Kuhn, this investment in ALung “was viewed as a positive, accomplished what we intended the funding to do and helped to establish the foundation that allowed us to grow and secure over $25 million in funding sources.”

Most important for Kuhn was, “the investment from the URA was paid off on time and helped us remain in the city.” The ALung story is another success for the region, the city and the URA.

The goal of the Pittsburgh Entrepreneur Fund is to assist entrepreneurs and stimulate business growth in the City of Pittsburgh in a variety of industries including Information Technology, Life Sciences, Green/Energy and other start up enterprises. You can learn more by clicking here.

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