Welcome to Innovation Park at Penn State, an ecosystem where business, education and research come together.
Innovation Park at Penn State offers 118-acres of remarkable office, manufacturing and research space, and is part of one of the world’s premier research institutions, with access to Penn State’s scientific, engineering, technology and business resources, as well as the support services needed to transfer knowledge from the University to the marketplace. The network of resources available at Innovation Park supports early-stage entrepreneurs and established businesses alike. Innovation Park at Penn State is home to the Penn Stater Conference Center Hotel—a 300-room hotel with world class conference facilities. Just a few miles from the University Park Airport and directly off of Interstate-99, the Park is easily accessible for travelers.
With Director Dan Leri
Innovation Park Director Dan Leri addressed a lunch gathering of park employees to update them on park-related activities. The big news was discussion of the future Building H flex-space building that will be anchored by Morgan Advanced Materials’ carbon technologies R&D group, and welcoming two large tenants to the almost-filled 331 building.
PHEAA Grows Into a New Space, Just in Time for the Spring Semester
One of the newest additions to Innovation Park, the Pennsylvania Higher Education Assistance Agency (PHEAA) is one of the country’s premier student aid organizations. Offering loan servicing, aid processing, and other types of assistance for college students, PHEAA operates beyond the state level as American Education Services and FedLoan Servicing nationwide. Created in 1963, PHEAA was founded by the Pennsylvania General Assembly, and today provides its services to millions of students attending thousands of schools.
An Inside Look at Employees of the Park
Chao Liu Chief Executive Officer | Aleo BME, Inc.
Chao Liu is the CEO of Aleo BME, a start-up that participated in the Ben Franklin TechCelerator program and is now located in the Incubator in the Technology Center at Innovation Park.
“Innovation Park provides a sense of business community for small technology start-ups like us,” Liu says. “We learned from experienced business mentors in the TechCelerator program and can share the experience and resources with other smaller companies.”
Every month, Ben Franklin Technology Partners hosts a networking luncheon at Innovation Park. The November event, held on November 16, featured an introduction by Dr. Barry Scheetz of his business, Elixsys Group, LLC. A new tenant of the Tech Center Incubator, Elixsys Group is a waste remediation technology company that is tackling the major global problem of coal fly ash.
Fly ash contains huge amounts of incredibly valuable resources, including metals and rare earth elements (REEs). Currently, the U.S. relies mainly on foreign sources for REEs, with China controlling 95% of the market. Massive ash containment areas have been building up for decades. But Elixsys has developed a patent-pending process of leaching the valuable resources from fly ash that is holistic, safe, and environmentally friendly. The technology can also be used on any other metal-containing source, like bottom ash, metal slurry, or contaminated soil.