Area of Focus
Tomorrow’s Industries
The promises and possibilities of the future come to life here.
Area of Focus
Tomorrow’s Industries
The promises and possibilities of the future come to life here.
Hard work, leading-edge science, and purposeful incubators make the city a top destination for federal research dollars. University research generates thousands of jobs for Philadelphians as well as the knowledge that inspires new ideas, patents, startups, and venture capital investments.
Creating Jobs
$1.3B in federal research funding in 2020 generated revenue and investment in Philadelphia, including 9,700 jobs and $843 million in wages.
Launching Companies
125 companies have grown out of Pennovation Works, doubling the number of Philadelphia Cell and Gene Therapy Jobs in less than 3 years.
Attracting Investment
$1B in new investment capital helps Philadelphia attract corporate partners and investors to the region.
Tomorrow’s Industries
Celebrating the 2023 President’s Innovation Prize Winners
Penn Today
Read the storyMore Tomorrow’s Industries Impact Stories
TOMORROW’S INDUSTRIES in, of, and for Philadelphia
100
Start-ups since 2018.
$1.2B
Raised or received by Penn-affiliated startups (2023).
105 & 682
Patents & executed commercial agreements.
#1
Ranking nationally for licensing income.
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