Penn Venture Lab receives $10 million gift for health care entrepreneurship

Penn Venture Lab recently received a $10 million gift to fund student ventures in the health care sector. 

The Venture Lab, which is run by the Wharton School, provides resources, workspaces and training in entrepreneurship for Penn students and alumni. The goal of the gift, donated by Wharton alum Marc Wolpow, is to create an incubator and accelerator for student ventures in health care. It will also help contribute to awards and pre-seed funding for student founders and support the Venture Lab as it brings in health care executives to work with aspiring entrepreneurs, creates events, organizes workshops and provides opportunities for internships.

“Their visionary gift will provide the resources for students and faculty to develop, test, and scale more of their innovative ideas to have a long-lasting impact on health care,” Penn President Liz Magill said, according to the Philadelphia Business Journal article. “It will spur the launch of startups that will make a meaningful difference in the lives of patients and the broader community.”

Read the full article here.

Skip to content