From biopharma and therapeutics to life sciences and robotics—and much, much more—the Penn Center for Innovation touches it all. The Center, created in 2014, thrives by being the University’s one-stop-shop for commercialization and entrepreneurship.
This past year has been one for the books. The Center this week presented its fiscal 2018 “Year in Review,” showcasing its achievements in commercial activities. Penn Today took a dive into some of the report’s most significant numbers.
Penn faculty members submitted inventions for review
commercial agreements executed
- $69.4 million
in licensing income
- $109.8 million
in revenue received from industry-sponsored research agreements
Penn startup spinouts, facilitated by the Center
- $451.5 million
raised or received by Penn affiliated startups