ED/I  Innovation Works

http://www.innovationworks.org





     Office Locations:

2000 Technology Drive, Suite 250
Pittsburgh, PA 15219-3109
Phone: 412-681-1520
Fax: 412-681-2625

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device
  • Software & Internet

  •  

    Description:

    Innovation Works (IW) has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. The fund also provides resources for manufacturers to adopt new technologies. IW is part of the Ben Franklin Technology Partners (see profile), a statewide network that fosters innovation to stimulate Pennsylvania's economic growth and prosperity. Innovation Works has invested $52.3 million in more than 168 technology startups. IW's Seed Fund targets start-up companies that are American-owned; located or willing to relocate to the Southwestern Pennsylvania region; employ fewer than 50 people; and are developing proprietary technology in the areas of Life Sciences and Information Technology. In 2007, Innovation Works launched AlphaLab (see profile), an immersive environment where entrepreneurs can tap IW's onsite experts for business and market advice and exchange ideas with other entrepreneurs launching in similar markets. Companies selected to participate in AlphaLab's intensive 20-week program receive: $25,000 in seed-stage funding, Mentorship, Educational Sessions, and Office Space.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Bob Starzynski Director of Business Development
    Frank Demmler Vice President
    Jim Jen Director
    Rich Lunak President and Chief Executive Officer
    Terri Glueck Director

     

    Portfolio companies include:


      8020 Select
        web link


      AardvarQ
        web link


      Accipiter Systems
        web link


      ActivAided Orthotics
        web link


      Aethon
        web link


      Agentase
        web link


      Alertek
        web link


      AllFacilities Energy Group
        web link


      Allpoint Systems
        web link


      Alung Technologies
        web link


      Appalachian Lighting Systems
        web link


      ATRP Solutions
        web link


      Biosafe
        web link


      BitArmor Systems
        web link


      Blue Belt Technologies
        web link


      BoardBookit
        web link


      Bossa Nova Robotics
        web link


      BPL Global
        web link


      Caliber Infosolutions
        web link


      Carmell Therapeutics
        web link


      Carnegie Speech Company
        web link


      CastGrabber
        web link


      Cepstral
        web link


      Circadiance
        web link


      ClearCount
        web link


      Cognition Therapeutics
        web link


      Crystalplex
        web link


      Deeplocal
        web link


      Diamyd
        web link


      Etcetera Edutainment
        web link


      FlashGroup.com
        web link


      Framed Data
        web link


      ImpactGames
        web link


      Insurance Zebra
        web link


      Just Between Friends
        web link


      Kamcord
        web link


      Kextil
        web link


      LeftRight Studios
        web link


      Medallion Analytics
        web link


      medSage Technologies
        web link


      ModCloth
        web link


      Moxtra
        web link


      PeriOptimum
        web link


      Powercast
        web link


      RedPack Logistics
        web link


      Safaba
        web link


      Seegrid
        web link


      The Resumator
        web link


      Vivisimo
        web link


      Voci Technologies
        web link


      Xactix
        web link


     

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