Pennovation Works is a unique blend of offices, labs, and production space being developed by The University of Pennsylvania to bridge the intellectual and entrepreneurial initiatives for advancing knowledge and generating economic development. The 23-acre property adjacent to Penn’s campus will accommodate Penn affiliates in state-of-the-art facilities, including researchers, entrepreneurs, and industry partners solving real world problems and translating inventiveness into viable ventures. By grouping facilities for innovation, technological development, and artistic production/exhibition, Penn envisions a multifaceted workshop for harnessing and commercializing the tremendous creative potential in the region.
The master plan articulates a phased approach, with the initial development activity focused on constructing light industrial and flex-use buildings easily scaled to fit the needs for practical commercialization and business opportunities. Pennovation Works will be anchored by the Pennovation Center, a new business incubator and accelerator that will provide lab space and a hub for collaboration, creativity and the exchange of ideas for innovators from all disciplines. Such facilities are key components in the success of research parks as they combine the technically advanced facilities, expert workforce and researchers that a university can supply with the professional development and venture capital that entrepreneurs provide. This property is strategically situated in a valued location within the Lower Schuylkill Innovation District, and is envisioned to become a keystone securing University City, Center City and the emerging Innovation District, as three engines of Philadelphia’s economy.
Pennovation Works has been attracting tenants to the space since 2010, including such innovators as the Penn Vet Working Dog Center, the Penn Dental Research Greenhouse, the Penn School of Arts & Sciences Bio Garden, KMel Robotics, Novapeutics, Jin+Ja, Edible Philly, and The Free Library.
Additional information aboutPennovation Works is available at www.pennconnects.upenn.edu
For more information or questions regarding leasing, contact Paul Sehnert, Director of Real Estate Development Management in Penn Facilities & Real Estate Services at 215.573.6845 or firstname.lastname@example.org.