Latest news from the Science Center, the companies we support and the innovation ecosystem.
March 13, 2020 | Publications
Cell and Gene Therapy and Connected Health Workforce Analysis
In 2019, the CEO Council for Growth, University City Science Center, and University City District’s West Philadelphia Skills Initiative convened a partnership to leverage their resources and networks on an initiative to support and grow the Philadelphia region’s cell and gene therapy and connected health
industries. The stimulus for this partnership arose from a need, identified by various stakeholders, to
understand the growth of and gaps in the cell and gene therapy and connected health workforce in Greater Philadelphia. Econsult Solutions, Inc. (ESI) was hired to provide an independent assessment of the future workforce and talent needs of the industries.
The Evolution of Innovation Districts: The New Geography of Global Innovation
The Evolution of Innovation Districts: The New Geography of Global Innovation” offers new insights on these evolving places, building on the 2014 paper, “The Rise of Innovation Districts: A New Geography of Innovation in America.” After four years of research and ground truthing, this paper offers new insights on innovative practices, processes, and policies and how to implement them at scale.
For the fifth year in a row, the Philadelphia MSA venture ecosystem closed in on nearly 200 transactions. However, 2018 set its own record, seeing nearly $1.4 billion invested—eclipsing the prior high of $1.1 billion handily. Median financing sizes also remained relatively healthy as opposed to inflated, signifying a sustainable financing environment. Although larger rounds are occurring more frequently than in the past, as over 60% of all capital invested in the Philly MSA in 2018 was within rounds of $25 million or more, that is more testament to the ecosystem’s ability to produce more mature companies capable of raking in fundings of such size in recent years.
Amid rapid change brought on by new forms of competition, new regulations, and innovation, the Life
Sciences industry in Pennsylvania is in the process of reinventing itself. The Life Sciences industry has
historically been a strong contributor to Pennsylvania’s economy. Following the financial crisis, the pace of growth has slowed in the face of increased costs, heightened uncertainty, changes in regulations and
risk factors, and greater demands for efficiency.
This edition of the Science Center's Annual Review celebrates the wide range of scientists who make up the Science Center — including the entrepreneurs, artists and students who relentlessly pursue discovery. The desire to push beyond the status quo is what motivates all the people who are at the core of the Science Center. The thinkers, doers and entrepreneurs who are bringing to life the ideas that will revolutionize our collective future.
Connect to compete: Philadelphia’s University City-Center City innovation district
Philadelphia’s innovation economy is strong, but city leaders can do more with its existing assets to compete globally and benefit local communities, according to a new report from the Anne T. and Robert M. Bass Initiative on Innovation and Placemaking at the Brookings Institution.
The Greater Philadelphia Region (GPR) is positioned to lead the next stage of disruption within the spectrum of Life Sciences disciplines, thanks to its world-renowned research institutions, top biomedical programs, and a healthy ecosystem of small and large enterprises and investment activity, a new study shows.