Penn Center for Innovation

JPOD @ Philadelphia, 365 days later

Posted on November 6, 2019 — Jessica Jones Gupta

One year after the launch of the partnership between Penn and Johnson & Johnson Innovation, the Pennovation Center celebrated the early successes of this innovative program. Read more. (Penn Today)

More Philly tech graduates are staying here. That’s a good thing.

Posted on October 25, 2019 — Jessica Jones Gupta

When it comes to high tech, Philadelphia is no Silicon Valley. We’re not even Boston’s Route 128, bumptiously designated “America’s Technology Region.” But Vijay Kumar, a professor at the University of Pennsylvania School of Engineering, is optimistic about the region’s future as a high-tech center. “I think we are hitting an inflection point in the…

Philadelphia biotech firm spun out of Penn goes public in $74.8M IPO

Posted on — Jessica Jones Gupta

Philadelphia’s Cabaletta Bio Inc. raised $74.8 million in an initial public offering Friday, becoming the region’s first life sciences IPO of 2019. The University of Pennsylvania spinout company sold 6.8 million shares of common stock at $11 per share. Read More on Bizjournals.com

Philadelphia is having its best year for VC deals since 2000

Posted on October 17, 2019 — Jessica Jones Gupta

Ninety-three percent of raises came from heath and medical care companies. At the close of the third quarter of 2019, Philadelphia is having its best year in terms of deals in the region in nearly two decades, according to a recent PricewaterhouseCoopers (PwC)/CB Insights MoneyTree report. Read more. (Technical.ly Philly)

Philadelphia: Here are your nominees for the 2019 Technical.ly Awards

Posted on October 8, 2019 — Jessica Jones Gupta

Voting is open for the awards in categories spanning startups, impact and inventions through Nov. 7, and join us for the celebration event on Dec. 12. Penn startups Lilu and Neuroflow are two of the nominees. Learn more and vote. (Technical.ly Philly)

The OrVac wins the Pennovation Accelerator Summer 2019 Pitch Day

Posted on July 26, 2019 — Jessica Jones Gupta

The competition was stiff at this summer’s Pennovation Accelerator Pitch Day, held on Thursday, July 25.  So much so, that judges deliberation took longer than on any previous pitch day. But in the end, The OrVac, a medical device invented by Tyiwanna Carter, got the win and the prize of $5,000 and six months of…

PCI at Life Science Future – MedTech 2019

Posted on July 12, 2019 — Jessica Jones Gupta

On Wednesday, July 10, the Philadelphia region hosted the first Life Science Future – MedTech conference at the Sheraton Valley Forge Hotel. The day-long conference connected those in the Mid-Atlantic medical device, diagnostics, and digital health community, including researchers, startups, business leaders, and investors with the goal of forming relationships that could take products and…

Carisma Therapeutics Announces a $53 Million Series A Financing to Develop Novel CAR Macrophage Cellular Immunotherapy

Posted on October 9, 2018 — Jaime Sweet

Carisma Therapeutics Inc., formerly CARMA Therapeutics, a privately-held biotechnology company focused on the development of macrophage-based immunotherapeutics, today announced the close of a $53 million Series A financing to further expand its technology platform and rapidly drive its programs toward clinical development. The financing was led by AbbVie Ventures and HealthCap and includes existing seed investors IP…

PCI Ventures Fall 2018 Newsletter

Posted on October 4, 2018 — Raquel Giron

Our Team Evolves Jaime Sweet Has been promoted to the Pennovation Center’s Programming Manager, where she is acting as the community’s relationship manager,  leading the programming committee, developing entrepreneurial seminars and workshops, managing the Mentor-In-Residence program, and coordinating events/content with the JPOD team…   Read More

The case for Narcan and CPR training

Posted on February 20, 2018 — Jaime Sweet

ImmERge Labs cofounder Marion Leary was walking home from the Philadelphia Eagles parade last Thursday, amid a city overcome with joy when, suddenly, she bumped into the very problem her startup is trying to fix. Surrounded by police officers and a small crowd, a middle-age overdose victim lay motionless on a North Philly sidewalk. A woman was atop the…