We are excited to announce the 2025 Pennovation Accelerator!
The Pennovation Accelerator invites a cohort of local startups to engage in a six-week program to develop their business strategy and cultivate their network. Cohort companies will participate in weekly educational sessions presented by subject matter experts. Each company is paired with an experienced mentor to advise them on their journey. In addition, curated networking opportunities help the companies make connections into the larger Philadelphia entrepreneurial community.
The Pennovation Accelerator concludes with Pitch Day, where companies pitch to mentors, investors, and peers.
APPLICATIONS for the 2025 Summer Accelerator are live! Apply Now!
Schedule:
Applications Open: April 9th
Application Deadline: May 9th
Decision Notifications: by May 16th
Program: June 11th - July 23rd; with week of July 4th off
Pitch Day: July 23rd
Structure:
Monday: Morning Coffee Chat (virtual)
Wednesday: In-person Afternoon Session with Subject Matter Expert, Pitch Practice, Curated Networking Opportunity
Weekly: Mentor Meetups (virtual or in-person)
The Pennovation Accelerator will cover the following list of topics:
- Market Sizing and GTM Strategy
- Branding & Storytelling
- Teams
- Financing Milestones
- The Ask
Ideal applicants meet the following criteria:
Stage: Pre-Seed to Seed with Proof of Concept
Capital Raised: Less than $500k
Industries include (but are not limited to):
Health Tech & Med Tech
AI & Robotics
CPG with a Tech Focus
Food Tech & AgTech
Smart Cities & IOT
Benefits:
Each company is paired with an individual mentor
3 months of free Co-Worker membership at the Pennovation Center*
Six weeks of training from subject matter experts
Curated weekly networking opportunities
Opportunity to pitch to investors at final Pitch Day
* After completing the entire 6-week program
Prizes Include:
$7,000 cash prize for Overall Winner
$3,000 cash prize for Best Pitch
+
12 months of Pennovation Center Resident Desk membership ending May 2026 (for up to 4 team members)*
Promotion at the PCI Ventures @ Pennovation Showcase poster session
Marketing through Pennovation promotional channels
*After completing the entire 6-week program
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Frequently Asked Questions
Q: How many companies will be accepted into the program?
A: Up to 12
Q: Do I have to give up any equity?
A: No
Q: Will you sign an NDA? How do I know you won’t steal my idea?
A: Just like other accelerators and VC firms, we do not sign NDAs. We will respect the confidentiality of your venture / idea.
Q: We’ve been working on our startup for a while. Is the accelerator appropriate for us?
A: We are happy to work with more established startups. In fact, we are looking for companies that have a product or an MVP that’s ready to pitch.
Q: Do I have to be in the Philadelphia region?
A: Yes, the Accelerator is focused on growing and supporting Philadelphia-based companies, weekly sessions will take place in person at the Pennovation Center in Philadelphia.
Q: Does our company or team need to be Penn-affiliated?
A: No, the Accelerator is open to all companies that are in the Philadelphia region.
Q: Does our company need to be incorporated?
A: No, the current legal status of your startup does not matter to us.
Q: Does the Accelerator cost money?
A: There is no cost associated with the Pennovation Accelerator.
Q: Where will the events take place?
A: 2025 Accelerator sessions will be hosted in-person at the Pennovation Center (3401 Grays Ferry Ave).
Q: Do I need co-founders?
A: Company teams of two or more are more likely to succeed, and that’s what we recommend for startups.
Q: What is the timeline of the application process?
A: The application window will be open from April 9th-May 9th. We will review applications and make final company selections by May 16th.
Still have questions? No problem. Contact the Pennovation Team at pennovationworks@upenn.edu with the subject line reading: “2025 Accelerator Questions”
