PCI Year in Review: Accomplishments and Highlights

Leading Innovation

The website highlights many of PCI’s achievements across a wide range of commercial activities, including the execution of more than 770 commercialization agreements that contributed to $114 million in licensing revenue (a new high) and the facilitation of a robust portfolio of faculty-led corporate sponsored research projects that resulted in $104 million in sponsored research funding received and enabled more than a dozen startup companies. PCI also increased client impact through our numerous programs and stakeholder engagement activities.

These combined efforts further strengthen Penn’s growing pipeline of commercial products and R&D partnerships with the private sector, which cumulatively result in more than $200 million dollars of economic activity flowing back into Penn in FY19. Further, Penn spinouts supported by PCI garnered over $260 million of capital investments and additional funds raised or received in FY19.

Read More.

The University of Pennsylvania Announces Agreement with Johnson & Johnson Innovation to Launch JPOD @ Philadelphia

JPOD @ Philadelphia will come to fruition at business incubator Pennovation Center this fall as a new resource to help local healthcare entrepreneurs move their science forward and continue to build the region’s innovation ecosystem

JPOD @ Philadelphia will also launch QuickFire Challenge to nurture local innovation

Pennovation Media Contact:
Jennifer Rizzi, Director, Communications, Facilities & Real Estate Services, 215.573.6107, rizzi@upenn.edu

July 18, 2018
The University of Pennsylvania (Penn) announced today a collaboration with Johnson & Johnson Innovation LLC to open the first JPOD location in the United States, JPOD @ Philadelphia. The JPOD will be located at Pennovation Works, within the Pennovation Center, the University’s two-year-old full-service business and technology incubator located at 3401 Grays Ferry Avenue. The JPOD @ Philadelphia will serve as a regional resource amplifying the programming and engagement of the JLABS ecosystem by tapping into the existing nexus of science, laboratory and entrepreneurial efforts taking place at the Pennovation Center and the regional life sciences community.

The JPOD is a networking hub which includes a secure telecommunications conferencing system to connect researchers and entrepreneurs within the Pennovation Center and region to the Johnson & Johnson Innovation network. The goal of the JPOD @ Philadelphia is to identify and accelerate the development of early-stage healthcare solutions from the region’s life science ecosystem that address significant unmet patient and consumer needs in medical devices, pharmaceuticals, consumer and health technologies. It will also support those innovators with training, mentoring and networking programs to equip them with a mix of resources to help enable their success.

Click here to read more.

PCI Guide is one-stop shop for University entrepreneurs

In early June, the Penn Center for Innovation (PCI) unveiled its first Commercialization Guide. Meant mainly for Penn faculty members and graduate students, the free Guide serves as a one-stop shop for those looking to bring their ideas to market.

John Swartley, PCI’s managing director, says a big part of PCI’s strategy centers around accessibility—making innovation resources obtainable by the entire University community.

“With this Guide, we focused on creating a friendly and easy-to-use resource showing how to work effectively with PCI and engage in all kinds of commercialization activities at Penn,” he says.

Click here to read the full press release.