University City : Innovation + Job News

When the state Department of Community and Economic Development announced this week that Philadelphia would receive $785,000 in grant funding for commercialization projects, local development officials had to feel flattered. After all, very few of DCED's grant programs are this competitive and when all was said and done, Philadelphia programs took nearly half the funding, including the only two universities included in the funding round.

Drexel University's Health Innovation Partnership of Southeastern Pennsylvania ($100,000) is a research-in-action program creating products from transitional life sciences research and Temple University's Pennsylvania Environmental Technologies for Pharmaceutical Industry ($600,000) will develop energy-efficient technologies for waste management in the pharmaceutical industry. But the scrappiest competitor may have been the University City Keystone Innovation Zone. After their first proposal was duplicated by another KIZ, officials submitted a new proposal for a suite of programs to help would-be business owners through the commercialization process.

"We are going to re-scope the grant to include workshops on how to pitch to funders, grant writing advice, that kind of thing," says Jeanne Mell of the University City Science Center. She and Science Center colleague Kristen Fitch worked on the proposals, which earned $85,000 from the DCED. "Beyond that, we are looking to continue the great programming we have offered for the last five years."

But the most important thing the UC KIZ hopes to offer is funding. Through a new micro-grant program, UC KIZ hopes to redistribute this funding award to back worthy business plans, getting some products and business concepts to the marketplace sooner rather than later.

"We will continue to offer a steady stream of networking, professional development and entrepreneurial support programs in Philly," says Mell. "What the micro-grant project will allow us to do is add funding as well to get these companies moving."

Source: Jeanne Mell, University City Science Center
Writer: John Steele

Avid Radiopharmaceuticals, a five year-old Philadelphia company founded by Dr. Daniel Skovronsky and focused on novel molecular imaging able to detect the early stages of Alzheimer's and a host of other degenerative brain diseases, will be acquired by global pharmaceutical giant Eli Lilly.

A news release issued on Monday by the Indianapolis-based Eli Lilly says the deal could be worth up to $800 million, including a $300 million upfront payment for all outstanding shares of Avid. Skovronsky and company have made a big splash in Philly. The former scientific director at the University of Pennsylvania's Center for Neurodegenerative Disease Research earned Entrepreneur of the Year honors from Ernst & Young in 2009, the same year the company landed more than $34 million in investment.

"We've had a productive and long-standing relationship with Lilly, and believe in their approach to providing improved outcomes for individual patients," Skovronsky says in the release. The release also says Avid and its team will remain in Philly and will continue its support of ongoing clinical trials for other pharma firms. Avid recently submitted a marketing application to the FDA for florbetapir, a molecular imaging agent being investigated to detect the presence of amyloid plaque (a defining pathology of Alzheimer's) in the brain.

According to an Associated Press story, Eli Lilly halted development of semagacestat, a drug being studied as a potential treatment for Alzheimer's, so the Avid acquisition would give it a leg up in getting back in front of a market expected only to get larger.

Source: Eli Lilly, Avid Radiopharmaceuticals
Writer: Joe Petrucci

At construction co-working space NextFab Studio, artists, hobbyists and inventors can work on anything they please, from building a home shelving unit to inventing a toy robot. The only thing they don't want to see is people standing around. So when the studio electronics lab got more spectators than workers, NextFab created a new addition to its class rotation. Enlisting the services of Drexel University co-op student Ryan Barnes as technical supervisor, NextFab's electrical course teaches the science behind electricity and rudimentary skills for building an LED circuit. The second level course teaches soldering and other early projects to turn the watchers into doers.

"From the get-go, NextFab has had an electronics lab and people would always walk by who knew next to nothing about electronics but you could just see them thinking "what could I do in here?" says Barnes.

Opened in January as an extension of the University City Science Center, NextFab offers Philadelphia's innovators, craftsmen and entrepreneurs a workshop complete with hand tools, 3D printers, computer controlled machine tools, software, and electronics workbenches all in a 3,600-sq-ft studio. Since its inception, it has become a popular spot for artists and craftsmen to create profitable home businesses. The classes are geared both towards practical skills and functional assistance, tailoring instruction to each worker's projects.

"Electronics is such a huge field that it is tough to teach everything that we need to know so the way this class is taught is definitely on a craft level," says Barnes. "We have a lot of artists that work here and this is a way to explain electronics and show how they can be used on different projects."

Source: Ryan Barnes, NextFab Studio
Writer: John Steele

From a few tomato plants in a rooftop garden to acre-sized community farms, profitable plants are sprouting up all over Philadelphia. With the end of the harvest season upon us, Penn State University comes to the Enterprise Center in West Philly this week, pulling farmers out of the fields and into the classroom in the name of good agribusiness.

With open-enrollment extension course "Income Opportunities in Agriculture," students will learn successful business practices for urban farmers interested in taking their crops to market. How do you set prices? How do you market yourself? Who can you partner with to become more profitable? Enlisting professors from PSU's College of Agriculture, many with corporate farming backgrounds, this course will make sure you always have a plentiful harvest. 

"The people we are attracting are people following their passions and hopefully building it into something bigger," says Penn State extension director John Byrnes. "Philadelphia has some larger urban ag institutions--Greensgrow and the Weavers Way farm. These are places where people can hold down jobs and make a living. This is giving people the opportunity to learn about business and give them a shot at augmenting their income."

The course is part of a series of Penn State urban agriculture offerings delivered annually around the end of the market season. Penn State's agricultural extension program partners with local learning professionals to bring course offerings to people off campus as well. The College of Agriculture first presented "Exploring Your Small Farm Dream" for beginning farmers looking for an idea. "Income Opportunities in Agriculture" starts Tuesday, Nov. 9 from 6-8 pm at the Enterprise Center. Registration is $20 and can be taken care of here.

Source: John Byrnes, Penn State University
Writer: John Steele

University of Pennsylvania's educational and research internet 2 network MAGPI wants to take Philly's teachers on a trip around the world. From Mexican dance teams to Canadian biology experts to shark researchers in Florida, its hard to believe all these educational programs will fit under one tent. Luckily for attendees of MAGPI's first Content Provider Carnival on Wednesday, these exhibits are all online, streaming and coming live to teachers, students and researchers looking to bring long-distance learning to Philadelphia's classrooms.

"This carnival comes at a unique junction where school budgets are constrained and a lot of the things that are being cut for students are those extracurricular activities or those field trip opportunities and a virtual field trip is a cost-effective way of providing those experiences to students," says MAGPI Manager of Educational Services Heather Weisse Walsh. "Now I am by no means suggesting that it takes the place of a student actually visiting a museum but if that is not a possibility, especially if you have a rural school district that can't get to a metropolitan area very quickly, it's a wonderful alternative."

By bringing 22 webstreams online at the same time, the Content Provider Carnival allows virtual field trip organizers the chance to present to teachers who may not otherwise have time to seek out these educational portals. Besides showcasing unique experiences like swimming with sharks or working as a lumberjack, students will be able to ask questions to presenters and engage with these experiences in real time, bringing them a worldly perspective to students no matter where they live.

"We are going to actually simulcast not just the field trip but a class engaging with it," says Weisse Walsh. "That is so important because teachers have so many different competing priorities right now that doing something new can be scary. This is a way for them to see it in action."

Source: Heather Weisse Walsh, MAGPI
Writer: John Steele

When software developer Andrew Kortina was living in New York, friend and former University of Pennsylvania roommate Iqram Magdon-Ismail often visited him. But when Magdon-Ismail forgot his wallet one weekend, he borrowed a few bucks from Kortina. Magdon-Ismail promptly repaid using a check but with normal banking delays, it took Kortina a week to get his money back. That's when the pair decided there had to be a better way.

They created Venmo, a bill-pay service where users can link a credit card or bank account to make instant payments to friends from the comfort of their mobile device. The service is free and, Kortina says, it will remain free. The company will charge merchants--like several coffee shops in Philadelphia and restaurants in New York--to accept the service. Founded in 2009, Venmo has already put its founders in Inc. Magazine's 30 Under 30. But its creators admit it's still a work in progress, adding features and refining the platform for iPhone and Android markets. The company looks to add three new positions in the next six months to help make Venmo a household name.

"We are always looking to make the site work better," says Kortina. "Any time we meet someone who is really smart and excited about Venmo, we want to hire them."

More than just a bill-pay service, Kortina and Magdon-Ismail see Venmo as a social network; a way to show friends where you have been and what you've been up to. By targeting merchants instead of consumers, Venmo hopes to increase publicity both for their service and for the merchants who use it through Facebook and Twitter connectivity. Forgetting your wallet has never been so much fun.

"We encourage users to make their payments public," says Kortina. "Most of the time, when you are exchanging money with a friend, you are doing something fun like going to a bar or restaurant, going on a ski trip, going to a baseball game, usually something your friends might want to know about."

Source: Andrew Kortina, Venmo
Writer: John Steele

It's a CEO's worst nightmare: your company's most valuable data suddenly disappears. Former Attorney General John Ashcroft sounded the alarm in 2004, when he estimated that intellectual property theft accounted for losses of $250 billion a year. Numerous case studies from Coca-Cola and Forbes have shown the effects as well. From trade secrets to client lists, document security may feel like paranoia but that is no consolation when it happens to you.

Center City cyber security designers DDC (formerly Document Depository Corp) created RADAR, a full-service critical data management system that recently added two new features. The first is a contract tracker that allows companies to share contracts and get digital signatures remotely. The second is a secured online chat room with document-sharing capabilities that DDC calls a Virtual Data Room. With these new products, DDC goes beyond just document sharing solutions to the protection of a company's most critical documents. 

"Most companies store data in filing cabinets, on CD's in e-mail so pulling that all together is a very painful process," says DDC Executive Vice President of Business Development Cristina Greysman. "Not to mention, the fact that, what if your CFO who has all that data stored on their laptop gets hit by a beer truck? What then? Can you get to all that data and if not, how much will it cost to recover it?"

As the company transitions from document sharing to a more security-focused firm, it has drawn private funding for recent additions like the Silicon Valley facility it opened in August or the European facility opened in Dublin, Ireland in September. As the rollout continues for RADAR, DDC will be adding staff as it tries to expand marketing efforts and online product offerings.

"We want to build out our customer support staff," says Greysman of new hires. "We will do consulting with clients to help them determine best practices for putting information into RADAR. It is possible that we will hire some additional sales staff as well."

Source: Cristina Greysman, DDC
Writer: John Steele

It's the curse of the middle child: your older sister's worn out jean jacket that went out of style two years before she bought it is now the only thing you have for the first day of school. Hand-me-downs can make your closet look like the wardrobe trailer for a John Hughes movie. But a new service from Penn's Wharton School of Business ensures that your kids won't suffer like you did.

It's called Drop Swop, a children's clothing trade-in service that allows parents to trade in their child's unwanted or outgrown clothes for points that can be put toward a growing online collection of gently used clothing cast-offs. A simple concept could have only come from experience and founder Marcus Hathaway says his inspiration came a little over a year ago after moving from California to attend Wharton.

"At that time, my son was growing, going through his clothes so we had piles of clothes that we just ended up storing in his room," says Hathaway. "We kept buying more clothes and storing clothes and he didn't even have a chance to wear most of the stuff."

Like the clothes that have become its specialty, rapid growth caused Drop Swop to outgrow its original location at the University of Pennsylvania. Today, parents can find Drop Swop bins at Turning Points for Children in Center City and at the Caring People Alliance at the West Philadelphia Community Center as well as Penn's Family Resource Center in University City. As the word spreads, Hathaway hopes to add more facilities and staff to fill them in the coming year.

"When we talked to our friends and members of our family, we recognized that ours was a shared experience," says Hathaway. "Drop Swop was a way to interact and help parents get the most out of their kids' clothes."

Source: Marcus Hathaway, Drop Swop
Writer: John Steele

When most people strap on a helmet and hit the road on a bike, they are probably not thinking about carbon tonnage or sustainable energy credits. But with each pedal push, cyclists are putting a dent in Philadelphia's carbon footprint. And University City bike sharing consultants CityRyde want you to know how much your morning ride is effecting the planet.

Creating a personalized version of the carbon metering software they have in city-wide bike sharing programs from Paris to Portland, CityRyde introduced a new mobile application this week helping bikers and walkers monitor their carbon savings and see how much their car is polluting.  The company is beta testing on Android phones with hopes to expand to Blackberry and iPhone in the next month and is working on adding public transit to the application.

Twenty-five percent of the world's carbon emissions come from daily transportation.

"Knowledge is really power," says CityRyde CEO Tim Ericson. "I don't think anyone really understands the impact of their daily activities."

Through corporate partnerships, Ericson and his team hope to offer incentives for people to reduce their carbon emissions. Using increasingly comprehensive mapping software, CityRyde can examine a user's location, route and rate of speed to determine what mode of transportation a rider is using to keep things honest, holding sustainable to a higher standard and making it worth your while in the process.

"A perfect example would be (all-natural foods maker) Cliff Bar or one of those type of companies offering product samples or other incentives in exchange for those carbon credits, essentially giving them a marketing piece and a PR piece combined into one package," says Ericson.

Source: Tim Ericson, CityRyde
Writer: John Steele 

It's one of life's great mysteries: you can travel to a thousand cities and eat at a hundred fancy restaurants and drink a dozen craft beers at each of the bars along the way. But a meal never tastes as good as one at your favorite neighborhood haunt. And according to Philadelphia's sustainability leaders, this phenomenon is not just good for your appetite, it can be good for your neighborhood and your city as well.

Based on a concept created by the William Penn Foundation, partners from the Sustainable Business Network, Azavea and NPower created Common Space, a new mapping platform that creates a network of neighborhood establishments within a certain walkable, bikeable or busable distance to help residents support local business.

"The really cool thing is, I can map my friend's common space as well as my own," says SBN Executive Director Leanne Krueger-Braneky. "So if I am leaving from my office in Center City and meeting my husband who is coming from our house in West Philadelphia, he could say he is going to bike for 15 minutes and I could say I was going to walk for 20 minutes and Common Space will map the area where we would be able to meet up and map local culture events and businesses in that field."

Partnering with tastemakers like UWISHUNU and Yelp, Common Space shows you the best spots in your transit area, allowing you the most sustainable way possible to hit your next favorite haunt. After their trial run, organizers hope to partner with citywide festivals and cultural events like LiveArts and Philly Beer Week.

"Sustainability was one of the values William Penn outlined, which is why they wanted to partner with us," Krueger-Braneky says. "Because the application does encourage walking, biking, and public transit, it's a way of showing what's going on in the city while encouraging alternative transit."

Source: Leanne Krueger-Braneky, SBN
Writer: John Steele

From the LOVE statue to the Mural Arts Program to Market Street's massive Clothespin, Philadelphia has its share of big, urban art projects. But there is more to creating the next big movement in urban arts than making the largest painting or sculpture. So the John S. and James L. Knight Foundation launched the Knight Arts Challenge, a search looking for urban projects to change the artistic landscape of American cities for the better. Started in Miami, Knight Arts brings it's challenge to Philadelphia this fall.

"We are coming to Philadelphia and it would be presumptuous of us to say that we know just what you need in the arts," says Knight Arts VP Dennis Scholl. "So instead of saying that, we're saying we don't know what Philadelphia's next art idea is and we need you to tell us. It's not about large institutions only getting grants, people who have been in the arts forever only getting grants. It's open to everybody in the community."

After three successful years in Miami, the Knight Arts Challenge has spawned poetry collectives and arts education centers and jazz festivals. Philadelphia's challenge, a three-year, $9 million initiative, will provide new funding for established arts institutions, independent artists, businesses, service organizations and anyone else with a great idea and a plan to execute it. The challenge kicks off October 5 with a cocktail reception, where interested artists can find out how they can contribute to Philadelphia's artistic future.

"Philadelphia has two important things going for it: it has incredible, world-class cultural assets," says Scholl. "But in addition to that, Philadelphia has an incredibly hot, steadily rising art scene, with collectives and up-and-coming performance arts groups. And that is really why we were drawn to Philadelphia, because it's kinda happening, frankly."

Source: Dennis Scholl, Knight Arts
Writer: John Steele

Philadelphians know SEPTA's Market-Frankford El as the Blue Line. But a new pilot program, which stores leftover power from the subway's regenerative braking system in a massive battery, would make the Blue Line a little greener, and provide SEPTA some much-needed capital.

Earlier this month, SEPTA and Conshohocken smart-grid firm Viridity Energy announced receipt of $900,000 from the Pennsylvania Energy Development Authority to install a massive storage battery--about the size of a cement truck--at SEPTA's Kensington electrical substation. The current regenerative braking system transmits electricity, collected as trains enter stations, to other electric vehicles. But if no other vehicles are in range, the electricity is lost. The battery, capable of storing up to a megawatt of electricity, would siphon energy to be resold to the power grid. Viridity estimates that this one battery will generate $500,000 a year in clean, green profit. SEPTA has already applied for new funding to install these battery systems at all 33 substations across their service area.

"With this technology, SEPTA can be very strategic with their power; when they are using it, when they are storing it and when they are selling it back into the grid," says Viridity Director of Business Development Laurie Actman. "At peak periods, the grid is willing to pay premium prices for sources of reliable load."

Since 2008, SEPTA has struggled to execute capital improvements to its transit infrastructure. Most recently, a proposed switch to SmartCards has drawn scrutiny from city media and transit bloggers. When Governor Ed Rendell made a play to turn state thoroughfare I-80 into a federal toll road, he promised a chunk of the resulting revenue to SEPTA. Since Rendell's proposal was defeated, SEPTA has been looking for other ways to fund improvements, from fare hikes to advertising on the sides of trains. The battery system technology could be the answer they have been looking for that will finally bring the Philadelphia subway into the 21st century.

"As we all know, SEPTA has always had a constrained budget and not enough money to invest in its infrastructure," says Actman. "For so long, SEPTA's infrastructure, that was built nearly a century ago, has been a liability. We are turning that into an opportunity."

Source: Laurie Actman, Viridity Energy
Writer: John Steele

Launched in 1997, the Drexel School of Biomedical Engineering is a relatively young division for the West Philadelphia institution. But like many young up-and-comers, this school's wisdom belies its age. In a 2006 address to prospective students, Director Banu Onaral promised to lead student thinking toward the future of biomedical innovation, combining engineering and technology with traditional medical practices to dig out new niche markets.

Since this 2006 progress report, the school has made great strides in the field of biomedical optics research. From brain-sensing lie detectors to xray microscope cameras capable of taking high resolution pictures of living cells in real time, optics innovations allow doctors to view the human body in exciting new ways. The most recent project allows doctors to determine the depth and seriousness of wounds through sensors. Diseases like diabetes can create ulcerous wounds that are often misinterpreted. Drexel's sensor technology hopes to change that as the product moves to the commercialization stage.

"These are open wounds but what you see on the surface is not necessarily indicative of what is underneath," says Assistant Professor Elisabeth Papazoglou, "What we have is a small Teflon probe with a sensor and a light so you don't have to worry about contaminating the wound. And once we have several readings, we can determine if there is something more serious going on."

In 2009, the University City Science Center selected the near-infrared wound monitor to receive a $200,000 award from their QED grant program. With this funding, Papazoglou and her team have licensed their technology to Emunamedica, a wound management company out of Hollywood, FL. With this first license, Papazoglou's team hopes to bring a new weapon to the fight against wound disease.

"The more people who use this device and have data, the more people see that it's good, it's fast, nurses can use it," says Papazoglou. "You need that word of mouth to prove that it's not just us."

Source: Elisabeth Papazoglou, Drexel University
Writer: John Steele

Studies in recent years have revealed that while Philadelphia welcomes up to 50,000 freshman to its colleges and universities every year, less than half remained in the region after graduation. That statistic, in part, is what motivates Young Involved Philadelphia, a comprehensive network of young professionals and student groups producing advocacy campaigns and social events to make Philly a better place to live.

This week, the group opens the State of Young Philly: Imagining Philly's Future summit, a massive, two-week event hosting over 30 partnering organizations for speeches, roundtable discussions and brainstorming sessions to make Philadelphia a more attractive place for young people. The summit will focus on four key areas--Community Engagement and Volunteerism, Government and Leadership, Business and Entrepreneurship, and Arts and Culture--in an effort to "engage, educate and empower" young Philadelphia.

"For the first time since the '50s, the city is gaining population, and although we don't have the newest census data yet, we would venture a guess that this growth is due partly to an increasingly vibrant youth culture," says YIP board chair Claire Robertson-Kraft.

With speakers as varied as former Mayor John Street and the Mural Arts Program's Jane Golden, the summit hopes to gain a wide-reaching perspective that can be gleaned into an agenda ranking priorities and creating concrete deliverables. This agenda will inform an ongoing blog and will serve as YIP's action plan for the coming year. YIP hopes to make the summit an annual event, creating a constant barometer on youth culture in Philadelphia.

"The most important thing we hope people take away from the event is a sense of empowerment," says Robertson-Kraft. "As young Philadelphians, we should be organizing, demonstrating our ability to contribute to the debate, and doing more to ensure our voices are heard."

Source: Claire Robertson-Kraft, Young Involved Philadelphia
Writer: John Steele