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.
Since 1963, the President of the United States has officially proclaimed the first week of May National Small Business Week in recognition of American small business owners and entrepreneurs. According to the U.S. Small Business Administration, small businesses create two out of three new jobs annually in the U.S., and over half of Americans work for or own a small business. National Small Business Week, from May 1 – 7, honors the contributions of small businesses on the nation in creating jobs, driving innovation, and positioning the U.S. for competitive success in the global economy.
Invent Penn State: Facilitating Connections and Creating an Ecosystem Where Entrepreneurs Can Thrive
In just its first year of operation, the Invent Penn State initiative has created or strengthened several new promising programs to support a culture of entrepreneurship in the Penn State community across the Commonwealth.
According to Nena Ellis Koschny, Assistant Director of Marketing & Communications for Invent Penn State, there is daily work being done to continue to grow the initiative and its eco-system.
“What we do is look at the gaps in resources—space, funding for commercialization, investment, a lack of business training—and we work to facilitate the creation of resources,” Koschny said.
Invent Penn State, she explained, aims to create, coordinate, improve, and communicate about entrepreneurship-focused academic programs, business startup training, space for incubation, funding for commercialization (intellectual property licensing or startups), and visibility and access to Penn State programs, intellectual property, and startups.
A hidden Innovation Park gem is operating 24/7 to bring life-saving alerts to a 33-county area.
Between social media, newspapers, and TV broadcasts, there is no shortage of weather-related information floating around. Providers boast top-notch technologies that ensure precise and timely data. But if the only way to stay ahead of the storm would be to constantly refresh an Internet browser, how often would we be blindsided? What if we stepped away from the screen for a moment too long, missing the memo on an upcoming tornado or flashflood?
Cue the National Weather Service (NWS). They’re responsible for the public advisories, watches, and warnings that are streamed with no initiative required on our part. They bring us information about imminent, potentially catastrophic weather conditions in time to stay off the road and seek shelter.
UNIVERSITY PARK, PA — Dr. Andrew Patterson and his team are taking on a potentially silent killer that plagues nearly a third of Americans. His team is Heliome Biotech, and with a market that broad, the startup's potential impact is massive.
Patterson formed Heliome Biotech in the fall of 2015 with the goal of commercializing technology that combats non-alcoholic fatty liver disease (NAFLD) and non-alcoholic steatohepatitis (NASH). NAFLD is often asymptomatic and goes undetected, but it can lead to more serious complications.
"Fatty liver disease is a growing problem," said Patterson, "so the applications of our technology are widespread." In NASH, the fatty liver becomes inflamed and damaged, with the possibility of progression into fibrosis, liver failure and cirrhosis, ultimately requiring transplantation.