Success Stories
The Mont Alto LaunchBox has used its first year in operation to provide Penn State Mont Alto and the surrounding communities with workshops, events, pitch competitions and access to a range of free entrepreneurial support services. They’ve assisted students, researchers and community members with projects from ghost writing to rockets…
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1855 Capital Completes Initial Fundraising Round and Invests in Three Penn State Affiliated Startups
1855 Capital—a $10 million-plus venture fund created to help meet the growing need for Penn State startups to have access to seed and early-stage venture capital—completed its initial fundraising round in 2018. The raise included $500,000 from the Penn State Alumni Association. 1855 Capital focuses its investments on companies with…
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Facing technology and equipment limitations when attempting to solve a challenge for the U.S. Department of Energy, Dr. John Asbury in Penn State's Department of Chemistry and his graduate students decided to build the equipment themselves. NanoSpec Instruments (DBA Magnitude Instruments) builds transient spectrometers with a Penn State developed technology for researchers…
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Since the 2015 launch of the Invent Penn State initiative the Fund for Innovation has partnered with Penn State’s academic colleges to back dozens of emerging Penn State technologies, providing mentorship, guidance and proof of concept funding along their path to potential commercialization. During that time 11 promising new ventures, born of…
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If you’re ever in need of having a central line inserted in the future, perhaps your surgeon will have been trained on the procedure using Medulate’s training program. A central line is known by many names - a central venous catheter and a central venous access catheter, to name a…
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From Penn State’s main campus, to remote medical facilities in rural Kenya, tech startup Kijenzi is developing solutions to deliver medical equipment using a surprising method -- 3D printing. Broken machinery, outdated supply chains and limited access to specialty equipment leaves Kenyan clinics with huge challenges in bringing healthcare to…
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Three Penn State research projects have been awarded grant funding in 2018 from the Manufacturing PA Innovation Program, a recently-funded effort from the Wolf Administration that aims to advance manufacturing technology and innovation in Pennsylvania. The program is financed by the Commonwealth of Pennsylvania’s Department of Community and Economic Development…
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Startups have many things to consider as they develop their ideas, and one of the most important is how to protect those ideas. While trademarks, copyright and patents can be confusing territory, Penn State’s libraries have an abundance of resources to help startups navigate. “Start early and take advantage of all the free and affordable solutions that…
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One of Invent Penn State’s strategic goals is to increase the quantity and quality of the startup companies emerging from Penn State. With significant effort and investment in startup support and education programs over the last few years, Penn State faculty startups now have a strong support system to help…
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