By the Numbers
Success Through Partnerships
Launched in 2015, Invent Penn State spurs economic development, job creation, and student career success by blending entrepreneurship-focused academic programs, business startup training and incubation, funding for commercialization, and university/community/industry collaborations that facilitate the process of turning research discoveries into valuable products and services. Below you can find research, tech transfer, industry partnerships, and LaunchBox & Innovation Network activity and outcomes data from the start of the initiative through 2022.
*Two types of startup activity are reflected below–research-based tech transfer and community innovation space activity

Driving Entrepreneurial Success
Invent Penn State provided seed grant funding for 23 downtown innovation spaces, including 20 LaunchBoxes, offering resources like coworking space, accelerator programs, legal and IP advice, and rapid prototyping—all free to the community, and all driving innovation and economic growth.

Entrepreneurs Assisted | 8,377 |
Faculty and Students Engaged | 24,267 |
Ventures Received Legal and IP Advice | 7,747 |
Startup Program Graduates | 1,033 |
Product Development Projects | 625 |
Completed Product Development Projects | 505 |
Internships Created | 770 |
New PA Companies | 524 |
Jobs Created | 708 |