Far-Reaching Impact

As the most active seed-stage investor in the Pittsburgh region, IW serves an important role in Pittsburgh’s entrepreneurial ecosystem, providing technology entrepreneurs with the risk capital needed to develop new products and enter new markets.  In 2016, IW provided $5.9 million in financial assistance, filling critical gaps in private sector funding at the riskiest phases of company development.  Since its launch in 1999, IW has supported more than 335 companies with investments totaling $73.9 million.

Bridging the funding gaps

With its large and growing portfolio of high-quality companies, IW serves as a nexus of regional investment opportunities for venture capitalists and angel investors. In 2016, IW’s seed fund and accelerator companies were successful in attracting more than $150 million in investment from VCs, angels, corporate/strategic investors and other sources.

 

Attracting capital to the region

Since the launch of IW’s seed fund in 1999 the entrepreneurs and companies supported by IW have helped to change the image of Pittsburgh in the minds of investors nationwide.  To date, more than 100 venture capital firms from across the United States have invested in IW-funded companies.  By connecting entrepreneurs to investors across the country, IW has helped to catalyze more than $1.9 billion in total follow-on investment.


Since the seed fund began, more than 100 venture capital firms clustered in major financial and technology centers across the country have invested in the IW portfolio.


Innovation Works values diversity in its programs and encourages women, minorities, individuals with disabilities, and veterans to submit applications or business plans for consideration.

Innovation Works is the Ben Franklin Technology Partner of Southwestern PA and is supported by the Department of Community and Economic Development.

Nova Tower 2
Two Allegheny Center, Ste. 100
Pittsburgh, PA 15212
P: 412.681.1520