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July 1, 2019
University City Science Center Names New Board Chairman
PHILADELPHIA -- (July 1, 2019) – Mike DiPiano, Managing General Partner and Co-founder of NewSpring has been elected Chairman of the University City Science Center’s Board of Directors. DiPiano succeeds Craig R. Carnaroli, Executive Vice President of the University of Pennsylvania, Board Chair since 2011 and who remains on the Science Center’s Board of Directors as a Vice Chair and member of the Executive Committee.
DiPiano is a General Partner of NewSpring’s dedicated growth equity funds and serves as a member of the investment committee of all NewSpring funds. Before co-founding NewSpring, DiPiano was a serial entrepreneur and investor. He has led or co-led investment into companies in the business services, healthcare, and information technology industries. DiPiano has served on the Science Center’s Board of Directors since 2005.
“I am honored to serve as Chair of this committed board of leaders devoted to serving the region’s innovation community,” said DiPiano. “As a result of the dedication and hard work of the Board and the Science Center leadership, I am confident the Science Center is well positioned to continue to enhance its impact.”
“Craig has presided over significant growth of the Science Center over the last eight years with our most recent Impact Report being the culmination of those efforts,” says President & CEO Steve Zarrilli. “We’re grateful for his leadership and for the opportunity to continue working together as a member of the Board while leveraging Mike’s expertise as we build on this momentum.”
“Over the last several years the Science Center has grown physically and programmatically; reflecting the new energy in Philadelphia around innovation-based economic development, and serving as Chair, among other committed volunteers, was a privilege,“ says Carnaroli. “Momentum in the region is strong based on both the new ventures regularly launching out of our universities, and the entrepreneurs investing in our homegrown innovations. The future looks bright, and the Science Center is poised to make a very positive impact.”
In addition, Patrick T. Harker, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia, was elected to the Science Center Board of Directors at the Science Center’s annual Shareholders Meeting on June 21, 2019.
About the Science Center
Located in the heart of uCity Square, the Science Center is a mission-driven nonprofit organization that catalyzes and connects innovation to entrepreneurship and technology commercialization. For 50+ years, the Science Center has supported startups, research, and economic development in the life sciences, healthcare, physical sciences, and emerging technology sectors. As a result, Science Center-support businesses account for one out of every 100 jobs in the Greater Philadelphia region and drive $13 billion in economic activity in the region annually. By providing resources and programming for any stage of a business’s lifecycle, the Science Center helps scientists, entrepreneurs and innovators take their concepts from idea to IPO – and beyond. For more information about the Science Center, go to www.sciencecenter.org