FY2018 Year In Review

The mission of the Penn Center for Innovation (PCI) is to translate ideas and discoveries invented at the University of Pennsylvania into products and services that provide economic and social benefits. We hope you enjoy reading about some of our significant highlights and accomplishments achieved during Fiscal Year 2018.

ideas

Penn Faculty and Innovation Community

Lightbulb with keywords

Ideas

359 Penn faculty inventions submitted and reviewed

Highlight

Researchers have developed a new way to efficiently treat tumors using CAR-T cells.

Learn More
PCI

commercializing

Patents

801 patents filed, 107 U.S. patents issued

Highlight

Penn Co-inventors William A. Beltran, DVM, PhD and Gustavo Aguirre, VMD, PhD were awarded a U.S. patent for a new gene therapy for the treatment of the most common form of the inherited retinal disease X-linked Retinitis Pigmentosa (XLRP).

Learn More

Agreements

679 commercial agreements executed that contributed to $69.4M in FY18 licensing income, not including non-disclosure agreements

Highlight

PCI Facilitates Exclusive License for RNA-targeted Small Molecule Technology with Arrakis Therapeutics.

Learn More

R & D Alliances

$109.8M in revenue received from Industry Sponsored Research Agreements

Highlight

New Alliance formed between Penn’s Gene Therapy Program and Precision Biosciences.

Learn More

Startup Companies

24 PCI-Facilitated Penn Spin-outs

Highlight

Bio-prototyping company formed by faculty researchers from the Penn’s School of Arts & Sciences and Penn Design.

Learn More

Company Fundraising

$451.5M funds raised or received by Penn affiliated startups

Highlight

Penn startups Tmunity Therapeutics and Carisma Therapeutics have cumulatively raised over $185 million so far in 2018.

Learn More

connecting

Positive Momentum

72 Press Mentions

Highlight

Local and national press continued to highlight Penn and PCI’s commercialization activities and outcomes.

Learn More

Programs

38 programs hosted by PCI

Highlight

PCI hosted the second annual Celebration of Innovation, honoring patent awardees from the past fiscal year.

Learn More

Resources

Highlight

PCI continues to support the development of resources to facilitate entrepreneurship and commercialization activities at Penn.

Learn More

National Reach

4 national showcases

Highlight

Throughout FY18, PCI showcased Penn technologies and startups for investors and corporate partners at four different locations throughout the United States.

Learn More

accelerating

Innovation Center

40 companies and 133 active members at the Pennovation Center

Highlight

In its second year of operations, the Pennovation Center has greatly expanded its tenants and programs, including welcoming the Mini Maker Faire for the first time in summer 2018.

Learn More

Corporate Strategy & Outreach

Meetings were organized by PCI and held between Penn faculty and research programs with over 50 major international companies to discuss Penn-based partnerships

Highlight

Penn and Johnson & Johnson Innovation LLC announced a collaboration to open the first JPOD location in the United States at the Pennovation Center.

Learn More