News
June 16
2021
Report highlights economic impact of research at Penn State
Penn State Research has supported more than 2,500 jobs and generated nearly $200 million in economic impact since 2015 according to The Science Coalition’s “Sparking Economic Growth” report, which highlights 53 companies from coalition member institutions that trace their roots to federally funded university research.
June 14
2021
Report highlights economic impact of research at Penn State
Penn State Research has supported more than 2,500 jobs and generated nearly $200 million in economic impact since 2015, according to The Science Coalition’s “Sparking Economic Growth.”
The Sparking Economic Growth report, released in April, highlights 53 companies from The Science Coalition member institutions that trace their roots to federally funded university research. The companies span across industry, geography, and funding sources, showing close ties between federal investment in fundamental research, job creation, and an innovation-based economy.
May 28
2021
Penn State startup aims to improve treatment of hydrocephalus
Normal pressure hydrocephalus (NPH) is a disease resulting from too much cerebrospinal fluid around the brain and affects roughly 750,000 Americans, typically those over 65 years old. Penn State researchers are developing a new technology called HydroFix, an advanced surgical shunt system to address NPH.
May 28
2021
Penn State entrepreneurial 'pit crew' helps 812 Solutions race ahead
Nic Anzalone, a third-generation Penn State student who graduated this spring with a degree in corporate innovation and entrepreneurship, launched his first company at the age of 7. Years later, that drive has placed Anzalone at the starting line of entrepreneurship and in business with his grandfather. Now, with help from Penn State’s entrepreneurial ecosystem, he’s got 812 Solutions on the track to success.
May 27
2021
Win up to $50,000 in the Ben Franklin BIG IDEA Contest
Ben Franklin Technology Partners, an award-winning, tech-based economic development program, is offering emerging entrepreneurs, tech innovators and small manufacturers developing new products, processes or software applications the chance to win up to $50,000 by competing in the BIG IDEA Contest. Applications are open now until 5 p.m. on Aug. 23.
May 27
2021
Startup's recent success tied to Penn State entrepreneurial ecosystem
In the past year, State College-based Phospholutions has grown from seven to 20 employees, and recently raised $10.3M in venture capital funding to support the development and growth of its RhizoSorb soil-enhancement technology across market segments and expand to global markets.
May 27
2021
LaunchBox and Innovation Hub Network celebrates 5 years of economic development
Just five years after opening the first LaunchBox, Invent Penn State’s LaunchBox and Innovation Hub Network has grown to 21 locations across Pennsylvania. The network has supported 3,325 community entrepreneurs and helped to launch 164 new Pennsylvania companies, develop 247 new products, and create 194.5 jobs.
May 18
2021
LED-fitted dance shoe takes top prize at Hazleton LaunchBox pitch competition
Local high school students competed for $1,500 in prizes during the annual Teen Entrepreneurship Challenge pitch competition hosted by the Hazleton LaunchBox supported by Pasco L. Schiavo, Esq.
May 17
2021
Three student startups win $10,000 each in 'Shark Tank'-style competition
Three Penn State student startups each won $10,000 for their startups in the annual “Shark Tank”-style Inc.U Competition hosted by the Pennsylvania Technical Assistance Program (PennTAP).
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