More Philly tech graduates are staying here. That’s a good thing.
When it comes to high tech, Philadelphia is no Silicon Valley. We’re not even Boston’s Route 128, bumptiously designated “America’s Technology Region.” But Vijay Kumar, a professor at the University of Pennsylvania School of Engineering, is optimistic about the region’s future as a high-tech center. “I think we are hitting an inflection point in the…
Philadelphia biotech firm spun out of Penn goes public in $74.8M IPO
Philadelphia’s Cabaletta Bio Inc. raised $74.8 million in an initial public offering Friday, becoming the region’s first life sciences IPO of 2019. The University of Pennsylvania spinout company sold 6.8 million shares of common stock at $11 per share. Read More on Bizjournals.com
Verix Health raises $8 Million to advance steerable surgical device technology
Verix Health, formerly Greppo Technologies, announced today the closing of an $8 million Series A financing round led by Ajax Health with participation from Aperture Venture Partners and Western Technology Investment. Verix Health is developing a portfolio of steerable devices enabling minimally invasive delivery of diagnostic and therapeutic tools for solid-organ cancers. The capital will fund…
Reuters ranks Penn as the world’s 4th most innovative university for the 3rd consecutive year
The University of Pennsylvania continues to be one of the best universities in the world for innovators, patents, research, and entrepreneurs. According to Reuters: “Researchers at Penn’s department of Mechanical Engineering and Applied Mechanics have developed a way to “heal” metal at room temperature. The process is modeled after the way bones repair themselves, and…
B.PHL Recap: Making the most of innovation in our backyard
Philly was abuzz with activity this week with the launch of the first annual B.PHL innovation festival. The 3-day long festival featured more than 200 panels, workshops, and events and stretched from Temple to Center City, University City, and Grey’s Ferry. Penn participated in B.PHL as a marketing partner, via panels, and as a host…
Two Penn teams named finalists in the Science Center’s QED Proof-of-Concept Program
The University City Science Center has named 10 finalists in its 2019 QED proof-of-concept program, which partners with regional academic and research institutions to prepare their most promising life science technologies for commercialization. The two finalists from Penn are: A new method for removing devices from the bloodstream and heart, Lead Investigator Matt Gillespie A…
Philadelphia is having its best year for VC deals since 2000
Ninety-three percent of raises came from heath and medical care companies. At the close of the third quarter of 2019, Philadelphia is having its best year in terms of deals in the region in nearly two decades, according to a recent PricewaterhouseCoopers (PwC)/CB Insights MoneyTree report. Read more. (Technical.ly Philly)
President’s Innovation Prize deadline is January 24, 2020
Created by Penn President Amy Gutmann to strengthen Penn’s commitment under the Penn Compact 2020 to innovation, the President’s Innovation Prize will provide a graduating senior, or team of graduating seniors, $100,000 (plus a $50,000 living stipend per team member) to envision and implement an innovative, commercial venture that makes a positive difference in the…
Gene therapy for Duchenne muscular dystrophy safely preserves muscle function
A Penn study shows delivering a ‘distant cousin’ of a key protein prevented muscle damage without triggering an immune response in large animal models. Read more. (On Penn Today)
Equalize 2020: A pitch competition & symposium to empower academic women entrepreneurs
Equalize 2020 is a pitch competition and symposium designed to take national action around the disparity of women academic inventors forming university startups. This event will provide a platform to select, coach, and promote women inventors with startup technology to engage the investor and corporate community, building networks and creating a sustainable effort to drive…
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