Innovation Works

What is the selection process?

Each year we prepare an internal budget for investing in companies based upon the outlook for our own funding from the Commonwealth of Pennsylvania and other sources. With this budget setting boundaries, we conduct: A rigorous review of the existing portfolio companies and their likely follow-on investment needs, The number…

How much money does Innovation Works invest in companies?

Initial investments are often in the range of $100,000-to-$150,000. The total amount of money that may be invested in a company depends on the company’s commercialization plans, the required finances, and whether IW alone, or IW in conjunction with other funding, will enable the company to make significant progress. We…

What is the process?

There are a few different ways to connect with the Investment team. Online: You can fill out our introductory questionnaire for Software, Hardware, or Life Sciences companies . This way we’ll have your information in our database. In-person: Meet our team at one of the many events we attend throughout…

What is the Seed Fund?

Also known as the Innovation Investment Fund (IIF). We invest in technology-based companies that have the potential to make significant contributions to the regional economy – particularly job creation. [button button_text="Learn More" button_link="/programs/seed-fund/"]