Pennovation Works is an innovation hub with a variety of premium shared or private space options for innovators and researchers around the Tri-State area. Whether there's an innovator working on proof-of-concept at a single bench in our incubator or a mature research and manufacturing operation with dozens of employees, Pennovation Works is truly the place WHERE IDEAS GO TO WORK.
Pennovation Works is anchored by the Pennovation Center, a business incubator and laboratory that aligns and integrates researchers, innovators, and entrepreneurs for the commercialization of research discoveries. Intended to marry entrepreneurs with an expert workforce and scientifically advanced facilities, key features of the Pennovation Center are the common creative spaces, including coworking areas, a cafe, and a venue for events and programs.
The 23-acre property adjacent to Penn's campus accommodates, in state-of-the-art facilities, researchers, entrepreneurs, and industry partners solving real world problems and translating inventiveness into viable ventures. By grouping facilities for innovation, technological development, and artistic production/exhibition, Penn envisions a multifaceted workshop for harnessing and commercializing the tremendous creative potential in the region.
This property is strategically situated in a valued location within the Lower Schuylkill Innovation District, and is envisioned to become a keystone securing University City, Center City, and the emerging Innovation District as three engines of Philadelphia's economy. Businesses that are located at Pennovation Works are eligible to receive significant state and local tax benefits including abatement of Business Privilege Tax, Net Profit Tax and Real Estate Tax.
