Innovation Works
Innovation Works is a venture capital firm based in Pittsburgh, Pennsylvania, established in 1999. With over 20 years of experience, it has become a key player in Southwestern Pennsylvania's technology economy, focusing on investing in high-potential companies that can significantly impact the regional economy. As the largest investor in seed-stage companies in the region, Innovation Works supports a diverse range of sectors, including robotics, artificial intelligence, medical devices, retail technologies, and enterprise software. In addition to financial investment, the firm offers business expertise and resources to help manufacturers adopt new technologies, further fostering innovation and growth within the local economy.
Thread LLC, established in 2010 and headquartered in Pittsburgh, Pennsylvania, specializes in producing and marketing fabric made from recycled materials. The company's unique process involves transforming plastic waste, primarily from developing countries like Haiti and Honduras, into high-quality fabric. This fabric is then used by apparel and accessories brands to create products with a positive social and environmental impact. Thread's innovative approach not only reduces plastic waste but also creates income opportunities for local communities, with nearly 2,700 such opportunities supported to date. The company measures and shares the impact data and stories behind its fabric through its Ground to Good storytelling platform, enabling brands to communicate their positive impact to customers.
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