Investments in 2023 led to the creation of almost 1,200 new jobs. In 2023, we invested $7.38 million in 60 companies, 20 of which were new. https://lnkd.in/efkfC_Wv
Innovation Works
Venture Capital and Private Equity Principals
Pittsburgh, PA 19,213 followers
About us
Innovation Works (IW) is the Pittsburgh region’s most active investor in and supporter of early-stage companies developing hardware, software and life sciences technologies. Though focused exclusively on helping startups in the southwest PA region, IW’s level of investment activity makes it one of the most active investors in the U.S. Innovation Works is part of the statewide Ben Franklin Technology Partners, a network of four centers developed to help diversify PA’s economy and retain the state’s high caliber innovations that are invented and incubated here. The Ben Franklin Technology Partners are partially funded by the Commonwealth of PA and overseen by the Department of Community and Economic Development. Founder of AlphaLab (http://alphalab.org)--one of the nation's top startup accelerators-- AlphaLab Gear (http://alphalabgear.org)--its hardware program -- AlphaLab Health (https://alphalabhealth.org/) -- its life sciences program and -- Robotics Factory (https://roboticsfactory.org/) -- its robotics program.
- Website
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http://www.innovationworks.org/
External link for Innovation Works
- Industry
- Venture Capital and Private Equity Principals
- Company size
- 11-50 employees
- Headquarters
- Pittsburgh, PA
- Type
- Nonprofit
- Founded
- 1999
- Specialties
- Early-stage technology startups and Seed-stage funding
Locations
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Primary
Nova Tower 2,
Two Allegheny Center, Suite 100,
Pittsburgh, PA 15212, US
Employees at Innovation Works
Updates
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Director of Accelerator Programs Aaron Tainter has been selected as one of the panelists of the Pitch Reaction panel for the 3 Rivers Venture Fair Launch Series on August 1st! To attend this year's 3 Rivers Venture Fair, register by clicking here: https://lnkd.in/dWJF89zK
🚀 The 3rd and final event for the 3RVF Launch Series will occur on Thursday, August 1st! 🚀 The Pitch Reaction panel has been set! • Zach Malone of Magarac Venture Partners • Aaron Tainter of Innovation Works • Liz Todia of Mutual Capital Partners We are still looking for three entrepreneurs to practice their pitch before the panel. If you are interested, apply for the 3 Rivers Venture Fair and then send me a message using the comments – no promises. https://3rvf.com/apply Finally, a big thank you to Rivers Agile for hosting (Ben Wilson and Erin Gildea). #innovation #entrepreneurship #startup #venturecapital #tech funding
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Innovation Works reposted this
Adrich shines on the global stage as one of The Leading 100 Startups of 2024, celebrated in the heart of New York City's Times Square and Nasdaq Big Board. . Handpicked for our transformative impact on brand-to-consumer interactions, we and fellow honorees are paving the way with innovative tech solutions across marketing, ecommerce, sustainability, and more. This recognition underscores our pivotal role in reshaping industries and exceeding digital-first expectations. . Stay tuned as we join industry leaders at The Lead Summit to define the future of consumer engagement and business innovation. -- https://www.adrich.io/ . . . #leading100 #startup #brandtocustomer #digitalinnovation #techsolutions #ecommerce #sustainability #businessinnovation #consumerengagement #futureofbusiness #digitaltransformation #innovativetech #digitalfirst #businessimpact
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Wonderful news in the region! Congratulations Skild AI!
Skild AI, co-founded by former Carnegie Mellon professors Abhinav Gupta and Deepak Pathak, has raised $300 million in a Series A round led by Lightspeed Venture Partners, Coatue, SoftBank Group Corp., and Jeff Bezos. The funding will scale their AI-powered robotics, enabling versatile applications across various industries. Additional investors include Felicis Ventures, Sequoia Capital, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University. Skild AI's team features experts from Meta, Tesla , NVIDIA, and Google. #SkildAI #ArtificialIntelligence #Robotics #TechFunding #AIInnovation #LightspeedVenturePartners #SoftBank #JeffBezos #SequoiaCapital #TechStartups #Innovation #FutureOfWork #startup77
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One of Innovation Works’ standout portfolio companies in 2023 was Peoples Energy Analytics, the developer of a patent-pending algorithm that uses smart-meter data to connect households experiencing energy poverty with assistance programs before they default on their bills. Named one of the “Startups to Watch” in 2024 by the Pittsburgh Business Times, the company has completed the AlphaLab program, participated in the Cleantech Open, and raised $600,000 in their pre-seed funding round. Peoples Energy Analytics is currently working with utilities in Pittsburgh and the Southeast to improve revenue recovery efforts while strengthening support for their at-risk customers. In 2024, the company has plans to expand its operations to serve utilities throughout the United States. Read the 2023 Community Impact Report: https://lnkd.in/eNCtK3YY
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Innovation Works reposted this
Join us on Thursday, August 1st to celebrate the conclusion of our 9th cohort! We'll learn more about their partnerships and hear from a panel of innovation ecosystem partners. See you there! #PGHLab City of Pittsburgh
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Read how #IWPortfolio company Encentiv Energy discusses how the electric vehicle (EV) landscape is rapidly evolving, with advancements in charging technology driving significant environmental progress. https://lnkd.in/gUtPeemB
Charging into the Future: The Evolution of Electric Vehicle Charging
blog.encentivenergy.com
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President & CEO Ven Raju and Dr. Jeff Cohen of Allegheny Health Network sat with Bill Flanagan to discuss how a $10 million anonymous gift will assist the AlphaLab Health Revolving Investment Fund, which will accelerate the growth of our region's life sciences sector. They discuss how the Investment Fund will build on the early successes of AlphaLab Health startups like Parcel Health, Inc, which is bringing recyclable pharmaceutical packaging to market. Co-founders, Melinda Su-En Lee and Mallory Barrett share their story on WPXI-TV's "Our Region's Business." https://lnkd.in/ezt9WmaU
Our Region's Business - Innovation Works, Community Health and Innovation
wpxi.com
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Innovation Works reposted this
Register now for the UpPrize 2024 Semifinals on July 18 at Nova Place! Hear from our 2023 finalists and meet the new semifinalists. To register: https://buff.ly/3z8jNYc
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Innovation Works, one of the most active early-stage investors in the country, invested $7.38 million in 60 local tech companies in 2023. This represented a 50% increase in aggregate funding over the prior year. This funding supported the creation of 1,154 new jobs and the retention of 1,945 existing jobs in the region. Read the official press release: https://lnkd.in/eNCtK3YY Read the 2023 Community Impact Report: https://lnkd.in/evgbV9QP
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