The document summarizes the founding of the Life Sciences Information Technology (LSIT) Global Institute, an open source effort by Life Sciences to develop a commercial ready state for Qualified Data Centers and trusted governance bodies. LSIT is working with several commercial accounts that choose to be early adopters in deploying Qualified Data Centers and eventually LSIT Certified IT Business Services. The purpose of this whitepaper is to describe the commercial readiness process, plans and rationale.