November 8, 2021 marked the fifth anniversary of the launch of Pennovation Works, Penn’s business and laboratory incubator campus located just south of the Penn Medical Center. President Amy Gutmann formally launched Pennovation Works in fall 2016 as a facility designed to align researchers, innovators, and businesses for the commercialization of discoveries. Since its opening, the Pennovation Center and the surrounding 23-acre Pennovation Works campus have been an essential part of Penn’s goal of connecting entrepreneurs with world-renowned experts and state-of-the-art facilities.
At the time of its fifth anniversary, Pennovation Works had 10 Penn research entities located on site, 19 companies in the JPOD @ Philadelphia hub, 32 companies that completed the Pennovation Accelerator program, 75 active PCI Ventures portfolio companies, and 2 million square feet of development in the Pennovation Works master plan.
The Pennovation Center facility prominently featured on the Pennovation Works campus is home to a wide range of initiatives, including PCI Ventures, the General Robotics Automation Sensing and Perception (GRASP) Lab, Penn Vet’s Working Dog Center (WDC), as well as numerous recent winners of the President’s Innovation Prize (PIP).
In recognition of the 5th year anniversary of Pennovation Works, the Pennovation Center hosted The Power of Pennovation Works: Research and Development panel. In other exciting news, in June 2022 Penn announced that Longfellow Real Estate Partners, LLC will be developing a 455,000 square foot facility along 34th Street and Grays Ferry Avenue to expand the life sciences hub at Pennovation Works.
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