The Penn Center for Innovation’s (PCI) mission is to empower ideas into becoming real world solutions that benefit society. As a one-stop-shop for all innovation and commercialization needs, PCI facilitates industry-sponsored research, corporate alliances, straight licensing, and new venture creation. Within PCI, the PCI Ventures team provides new company formation services for Penn’s leading research and innovations. PCI Ventures actively seeks entrepreneurs and investors to lead companies and to provide funding for new ventures. PCI Ventures also provides a suite of products and services to incubate the development of early stage technology-based businesses.
UPstart, one of the services at PCI Ventures, is a virtual incubator that helps scientists and innovators to form and launch new companies based on selected inventions and innovative technologies. Since 2010, UPstart has worked with more than 150 faculty and staff members, bringing their discoveries to the commercial market. UPstart currently supports more than 60 companies, collectively obtaining more than $100 million in funding. The UPstart portfolio includes companies in life sciences, medical devices, healthcare management, advanced materials, information technology, and robotics.
At Pennovation Works, PCI Ventures can be surrounded and inspired by the innovative companies sharing the space. By connecting local entrepreneurs, investors and partners with Penn inventors, UPstart adds a powerful platform for a larger entrepreneurial ecosystem in greater Philadelphia and beyond.