One of RIDC’s key objectives is to support companies who are growing and creating quality jobs in the Pittsburgh region, and so this quarter we are happy to showcase the great companies that we call tenants. RIDC was a supporting sponsor of the Pittsburgh Technology Council’s “Tech 50” event. In addition to enjoying an evening of celebrating Pittsburgh’s great progress and awesome people, RIDC was especially proud of three tenants who were named Tech 50 finalists: Aquion Energy, who is developing an Aqueous Hybrid Ion battery at our RIDC Westmoreland complex and is now shipping commercially;
NeuroKinetics, a tenant in the RIDC Industrial Park who recently received a grant from the NFL to develop its concussion diagnostics; and Advantech, which is an additive and green manufacturing company housed in our Park West industrial park.
Our tenants are getting lots of media attention for their innovation. WIRED featured RedZone Robotics, who is housed in our Lawrenceville Chocolate Factory building, about ways that technology is improving our cities. CNN Money did a video article on Pittsburgh’s robot renaissance, which featured RIDC Park West tenant Seegrid.
Carnegie Robotics, a spin-out of Carnegie Mellon University’s National Robotics Engineering Center (NREC), moved into the newly rehabilitated former Heppenstall building in Lawrenceville. RIDC invested $1.5 million into the buildout, and our Manufacturing Loan Fund financed another $500,000. The buildout was essentially completed. In October, Carnegie Robotics announced that they had been awarded a $23 million U.S. Department of Defense contract.