Penn Center for Innovation

Philadelphia-area VC funding smashes annual record just halfway through 2021

Posted on July 29, 2021 — Jessica Jones Gupta

Philadelphia-area firms raised $3.1 billion in venture capital funding during the first half of 2021, already smashing an annual record set two years ago. Interius Biotherapeutics, a Penn Medicine spinout, was one of the firms with a $76 million Series A raise. Read More in the Philadelphia Business Journal (Might have paywall)

A look back at Amy Gutmann’s greatest accomplishments in her 17 years as Penn president

Posted on July 22, 2021 — Jessica Jones Gupta

The Daily Pennsylvanian listed 17 of outgoing Penn President Amy Gutmann greatest accomplishments during her 17 years leading the University. The Penn Center for Innovation is proud to have made the list. President Gutmann founded PCI in June 2014. “The Penn Center for Innovation also will transform our region’s capacity to support an ecosystem of…

The Energy Innovation Lab is now accepting applications

Posted on July 21, 2021 — Jessica Jones Gupta

Philadelphia Gas Works (PGW), in partnership with Temple University’s Small Business Development Center (SBDC), has launched The Energy Innovation Lab, a small business incubator designed to empower energy entrepreneurs whose product or service ideas have the potential to reimagine the future of the energy industry, increase energy efficiency and affordability, and help PGW and the City meet their 2050 climate action goals.

Penn Medicine Benchmarks June 2021 Edition

Posted on — Jessica Jones Gupta

Monthly newsletter of preclinical and discovery science from Penn Medicine. Articles include: Drug Blocks SARS-CoV-2 Infection in Mice Study Led by Penn Medicine Reveals New Mechanism of Lung Tissue Regeneration New Method Identifies Tau Aggregates Occurring in Healthy Body Structures “Synergistic” Immunotherapies Elicit Strong Attack Against Aggressive Brain Tumors Read More.

Introducing the 2021 Pennovation Accelerator Eco-Impact Cohort

Posted on July 19, 2021 — Jessica Jones Gupta

The 2021 Pennovation Accelerator officially launched Monday, July 12th for the program’s fourth summer! The Pennovation Eco-Impact Accelerator cohort companies share a common mission to create products or technologies that have a positive impact on the environment. By solving problems related to sustainability, energy production, climate change, urbanization, agriculture, waste reduction and recycling, among other global challenges, these companies also aim…

Regional collaborations emerge to address the biomanufacturing workforce crisis

Posted on July 15, 2021 — Jessica Jones Gupta

In Philadelphia alone, cell and gene therapy and gene editing companies are preparing to add more than 1,100 new employees per year for the next decade, a net gain of more than 6,000 new workers. Companies in Philadelphia are working hard to get ahead of this pending and existing issue. They have established the Life Science…

Low-cost Electrochemical Advanced Diagnostic COVID test research published in PNAS

Posted on July 14, 2021 — Jessica Jones Gupta

Latest research by Penn Medicine’s Cesar de la Fuente, PhD in the Proceedings of the National Academy of Sciences: “High-frequency testing is urgently needed to help prevent the spread of COVID-19. Here, we introduce Low-cost Electrochemical Advanced Diagnostic (LEAD), a diagnostic test that detects SARS-CoV-2 within 6.5 min, costs $1.50 per unit, and uses easily…

Latest ‘organ-on-a-chip’ is a new way to study cancer-related muscle wasting

Posted on July 8, 2021 — Jessica Jones Gupta

Studying drug effects on human muscles just got easier thanks to a new “muscle-on-a-chip,” developed by a team of researchers from Penn’s School of Engineering and Applied Science and Inha University in Incheon, Korea.  By growing real human cells within microfabricated devices, an organ-on-a-chip provides a way for scientists to study replicas of human organs outside…

New microfluidic device delivers mRNA nanoparticles a hundred times faster

Posted on July 7, 2021 — Jessica Jones Gupta

With a ‘liquid assembly line,’ Penn researchers have produced mRNA-delivering-nanoparticles significantly faster than standard microfluidic technologies. Read More in Penn Today

PACT Recognizes Technology, Healthcare and Life Sciences Innovation and Leaders in the Philadelphia Region at the 2021 Enterprise Awards

Posted on July 1, 2021 — Jessica Jones Gupta

PACT, the Philadelphia Alliance for Capital and Technologies, culminated two days celebrating the Philadelphia region’s technology, healthcare and life sciences innovators and leaders at the 2021 PACT Enterprise Awards. Following the region’s first, large-scale gathering post-pandemic, the virtual event recognized 27 outstanding individuals and organizations through nine competitive categories.  The healthcare innovator award went to…