PCI Year in Review

Accomplishments and Highlights from July 2019 – June 2020

A Message from our Managing Director

The past fiscal year was unlike any in the prior history of technology commercialization at the University of Pennsylvania. Like other centers and organizations at Penn, PCI was confronted with unprecedented operational and logistical challenges caused by the impacts of COVID-19. Despite the almost constant uncertainty and the dramatic professional and personal changes imposed by the global pandemic, we are profoundly gratified that PCI and Penn have continued to maintain a steadfast focus on supporting faculty innovation and commercialization throughout this challenging period.

Long term investments and consistent support from Penn executive leadership led by President Amy Gutmann and articulated in her ambitious Compact 2022 continue to strongly position PCI, Penn and its research and development community for virtually any commercial partnering opportunity or challenge.

John Swartley, PhD
Associate Vice Provost and Managing Director of the Penn Center for Innovation

Major Accomplishments

$116M

Facilitated the highest amount of corporate sponsored research funding in Penn and PCI history

$590M

Penn-affiliated startups raised or received $590M in venture capital funding

COVID

Multiple leading vaccine candidates currently in late-stage clinical trials incorporate key Penn-owned intellectual property assets

Top 10

Penn ranked in the top ten as a global R&D Center

Stats and Stories

Commercializing Innovation

Covid-19

Penn innovators respond to the public health crisis

Connecting Innovation

92

Press Highlights

36

Programs and educational events

Accelerating Innovation

70+

Companies and growing at the Pennovation Works campus

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