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
In 2024, $1.37B in annual research funding generated revenue and investment in Philadelphia, including 9,400 jobs and $875 million in wages.
Launching Companies
141 innovative companies are incubating within Pennovation Works.
Attracting Investment
The Penn Center for Innovation secured $1B+ in sponsored research funding over the last ten years, which helped Philadelphia attract corporate partners and investors to the region.
Tomorrow’s Industries
GRASPing Greatness: Sparking an Interest in STEM for Philly Students
Ian Scheffler
Read the storyMore Tomorrow’s Industries Impact Stories
TOMORROW’S INDUSTRIES in, of, and for Philadelphia
300+
Startups in the last 10 years.
$2.5B
Raised by Penn-affiliated startups in the last 10 years.
7,000+
Commercial agreements executed in the last 10 years, with 125 U.S. patents issued in 2024.
#1
Ranking nationally for licensing income.
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