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Inventing the Future: Local startup Ycenter offers immersive international learning experiences

Speaking at IgniteGood's Ignition Philly event last week, Dhairya Pujara demonstrated his mastery of the organization's narrative workshop, which helps participants develop storytelling skills and become better advocates. Pujara's story was clear and concise, and his connection with the audience was authentic.

It is that ability to reach people, and the value Pujara places on his experiences doing so, that prompted him to found Ycenter, a startup non-formal learning center offering international experiences.

Born and raised in India, Pujara came to the United States in 2010 to pursue a M.S. in biomedical engineering at Drexel University. After graduating, he traveled to Mozambique to work in a rural healthcare system for five months. There, Pujara realized how ill-prepared he was to use his engineering skills to solve real world problems. 

"My communication skills were challenged in this Portuguese-speaking war-torn country," says Pujara. "My first few weeks were very shocking and challenging. To collaborate with members in the rural community, I realized the need to understand and be a part of this culture. It didn't matter where I came from, my educational background or my intentions, until I set aside my ego and immersed myself in this new community." 

Pujara's experience taught him the importance of "rolling up your sleeves and getting dirty." After returning to Philadelphia from his time in Mozambique, Pujara developed the concept for Ycenter. 

"Traditional study abroad programs offered by universities are very academic in nature and very formal," he explains. "And then there are volunteer programs, which are not structured for attaining concrete learning objectives. Ycenter's non-formal learning program helps students supplement their formal field of studies and work on community impact projects internationally." 

Drexel Product Design Professor Mike Glaser and Dean of the School of Biomedical Engineering Banu Onaral helped give Pujara direction; Philly VIP connected him with pro-bono legal services from Dechert LLP. Students from Drexel, Temple and LaSalle have expressed interest in applying for the program.

Ycenter's biggest challenge has been raising capital, but Pujara is confident -- he plans to launch the startup's first immersive learning experience in March 2014.

Writer: Nicole Woods
Source: Dhairya Pujara, Ycenter


Inventing the Future: Invisible Sentinel enters expansion phase, is hiring for various positions

A year after receiving their first certification from the Association of Analytical Communities International (AOAC), Invisible Sentinel -- the "garage" biotech startup -- is growing fast. They’re pulling in enough revenue to break-even on initial investment (over $7 million) by 2014. The company is graduating from the University City Science Center's Port Business Incubator and will remain on the Science Center campus.
 
Invisible Sentinel makes disposable, rapid diagnostic tools that test for food contaminants such as Salmonella, Listeria and Campylobacter. Veriflow, the company's patented technology, cuts down on both time and human error, making testing easier, cheaper and more reliable. Invisible Sentinel has a broad client base -- so far their products have been popular among dairy farms, peanut butter factories, meat manufacturers and third party labs that use their technology to conduct outsourced testing for large processors.
 
"Everybody who makes and produces food is our customer base," says Ben Pascal, cofounder and CBO. "It's really countrywide."
 
That means the company has a lot of work to do. They're currently outfitting and staffing an in-house manufacturing center complete with a robotics system. Open positions include manufacturing technician, quality director, production manager, financial and accounting services, sales and scientist. They will continue to raise capital for this phase.
 
"It's all expansion capital," says Pascal. "A lot of the risk associated with research and development is gone. Our challenge now is scaling to be able to meet demand."
 
Invisible Sentinel -- currently an 18-person team -- will remain in Philly thanks to low-interest government financing and flexible accommodations from the Science Center. They've received FDA approval on two products and expect approval for two more in the near future. The company recently released a video demonstrating how their devices work.
 
Source: Ben Pascal, Invisible Sentinel
Writer: Dana Henry

Inventing the Future: Graphene Frontiers gears up to produce 'super-material'

Thanks to a $745,000 grant from the National Science Foundation and help from an undisclosed partner, Graphene Frontiers is gearing up to produce graphene. This "super material" -- only one atom thick—is ten times stronger than diamonds and the best known conductor of electricity. In the next 18 to 24 months, Graphene Frontiers, which works out of the University City Science Center’s Port Business Incubator, expects to become one of the world first producers.
 
In order to handle the massive manufacturing startup costs, Graphene Frontiers is working with a local corporation. The partners have developed a new type of diagnostic tool -- called a field effect transistor (FET) biosensor -- that use graphene to improve how disease is detected.
 
"We've been so focused on making graphene and proving that it was possible to make it high quality," says CEO Mike Patterson. "We're not going to build a $100 million dollar facility and crank out sheets of graphene. We had to find the right application."
 
Current diagnostic devices rely on silicon wafers. The wafer contains targets for disease indicators including antibodies, antigens and other foreign chemicals. A patient's fluid sample (usually blood or urine) is applied to the microchip and disease markers bind to the targets. To confirm a diagnosis, however, doctors run multiple tests for various indicators. It’s time consuming and costly.
 
Ultra-thin graphene channels give the FET biosensor superior sensitivity. The device can test for several indicators at once and provide an instantaneous diagnosis.
 
Recently, Graphene Frontiers hired two material scientists. The FET biosensors will be created for biochemistry research departments and pharmaceutical developers. In five years, if the new device receives FDA approval, doctors and health practitioners will become the next market. One day, label-free bio-sensors could even be used at home for self-diagnosis.
 
"We can do so much with graphene," says Patterson. "The real question is what are we going to do?"
 
The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.

Source: Mike Patterson, Graphene Frontiers
Writer: Dana Henry

Inventing the Future: Shepherding international talent to Philadelphia

There are only 23 business incubators in the world recognized by the National Business Incubation Association (NBIA) for their ability to relocate and serve international startups. Philly has one of them.

Since its inception in 2006, the University City Science Center Port Business Incubator's Global Soft Landing Program has helped companies from Europe, Asia and other parts of the world put roots down the region. NBIA recently acknowledged the program's continued achievements by renewing their Soft Landings International Incubator Designation.

The program engages international companies with educational, investment and networking opportunities. They also work one-on-one to help newbies maximize their transition to the U.S. market.

"We offer these companies concierge-type services, connecting them to representatives of the markets they're interested in," explains Christopher Laing, VP of science and technology at the Science Center.

Recently, the Port Incubator partnered with the Canadian Consulate to establish a branch of the Canadian Technology Accelerator in Philadelphia. So far, the accelerator has brought six Health IT startups to the area; they are preparing to bring six more in the fall. Other imports include Adaptimmune and the Beijing Genomics Institute.

To connect to international startups, the Science Center partners with international trade organizations as well as the Pennsylvania Department of Community and Economic Development and Select Greater Philadelphia. Companies are often attracted to Philadelphia's education and life science ecosystems, and the central location between New York and Washington, D.C.

"We can offer international companies the same access to those networks that we offer domestic companies," says Jeanne Mell, VP of marketing and communications for the Science Center.

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.

Source: Jeanne Mell, Christopher Laing, University City Science Center
Writer:  Dana Henry

Inventing the Future: Fifth annual RAIN conference fosters entrepreneurship in the region

The fifth annual Regional Affinity Incubation Network (RAIN) Conference, held June 24 at the University City Science Center Quorum, kicked off with a simple request. Wayne Kimmel of SeventySix Capital asked the audience -- which featured entrepreneurs, investors and thinkers from across the region -- to forget about task forces and meetings. Instead, he wanted every attendant to show one local college student a piece of Philly.

"It's about engaging young bright minds," said Kimmel. "That's the amazing opportunity."

RAIN is a network of research parks and business incubators, including the Science Center, Select Greater Philadelphia, Ben Franklin Technology Partners, the Delaware Emerging Technology Center and the New Jersey Economic Development Authority. The conference launched in 2009 with the goal of fostering support for entrepreneurship in the tri-state area. It has grown from 40 to 100 attendees, including many local entrepreneurs.

This year's event, dubbed "Supporting Startups: Capital, Community and Collaboration," featured two panel discussions. The first delved into first-round funding and crowdfunding; the second looked more broadly at startup resources such as StartUp PHL and other local support organizations.

"Every startup needs funding, funding and funding," said Jeanne Mell, VP of marketing and communications at the Science Center. "But the options that are available are changing rapidly, especially in light of crowdfunding."

At several points, speakers identified a growing number of coworking spaces, incubators and networking channels that are changing the face of Greater Philadelphia.

"These formal organizations have been joined by coworking spaces and other spaces of cohabitation for startups," explained Thomas Morr, president and CEO of Select Greater Philadelphia. "It's very exciting."

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.

Source: Wayne Kimmel, SeventySix Capital Jeanne Mell, VP of Marketing and Communications at the Science Center, Thomas Morr, President and CEO of Select Greater Philadelphia
Writer: Dana Henry

Inventing the Future: Drexel students grow Dragon Fund to $1 million

It's a big year for Drexel University's LeBow College of Business. The school is gaining a brand new twelve-story 177,500-square-foot building, launching an innovative student investment program and fostering the Dragon Fund, now one of the largest student-managed investment portfolios in the country.
 
The Fund -- which launched during the 2007 to 2008 school year with $250,000 from Drexel's Office of Endowment -- is managed by about 20 students enrolled in advanced finance classes. The group changes each academic quarter. Over the past five years, these student-analysts have earned over $200,000 in returns, despite the recession.
 
With additional contributions from the University, the fund now controls a record $1 million.
 
"It's very difficult to get experience in investment," says Daniel Dorn, associate professor of finance at LeBow. "Industries look for people with experience already. We wanted the students to get exposure."
 
To make the most of their gains, Lebow held ArchiTECH, a competition that paired students with faculty to develop best-uses for the new building. The winning team -- which included Dorn, Ed Nelling, a professor of finance, and David Hunt, a senior finance major-- created a program where student-analysts teleconference with investors from New York, Orlando and further abroad. They can also post their investments online for review by the broader finance community.

"We thought of ways to intensify this experience with industry," says Dorn. "We wanted to extend the classroom."

Such innovations are examples of "reverse mentoring," a new approach wherein students advise academics. "The Office of Endowment considers the Dragon Fund to be one of their investment managers," says Dorn. "It's the students who pitched their services to the university."
 
Source: Daniel Dorn, LeBow College of Business
Writer: Dana Henry

Inventing the Future: Breadboard announces public art residency program, seeks applicants

Breadboard currently seeks applicants for its first Art Along the Avenue of Technology (AAAT) Artist
Residency
program. The selected artist will collaborate with the University City Science Center and the surrounding West Philly community to create tech-based public art projects for the campus' Market Street corridor.
 
The program is part of Percent for Arts, a Philadelphia Redevelopment Authority (PRA) initiative wherein building developers set aside funds for public art projects. Percent for Arts began in 1959 and has funded 400 projects, mostly large outdoor sculptures (including the clothespin at 15th and Market Streets). David Clayton, Breadboard's program manager, says AAAT will depart from that convention.
 
"With the traditional public art process, the artist really could be anywhere when they design the work," says Clayton. "A big part of the [AAAT] program is that the artist will really be here, working in the community and developing their work as an open process."
 
According to Clayton, AAAT projects -- funded through the recent construction of 3701 and 3711 Market Street -- could take a variety of forms, including video projections, electronic music installations, performance art, interactive sculpture or educational workshops. The Science Center will partner with PRA's Fine Arts Committee on the selection process.
 
With over $160,000 in funding set aside, Breadboard welcomes applications from candidates both in and outside the Philadelphia region. They are releasing a Request For Qualifications and don’t expect artists to submit proposals.
 
"We don't have a defined outcome in mind," explains Clayton. "We're putting the ball in their court in terms of creativity."
 
Source: David Clayton, Breadboard; Jeanne Mell, the University City Science Center
Writer: Dana Henry

Smak Parlor launches its 'fashion truck,' a retail experience on wheels

For most businesses, "finding your customer base" means tracking them online. Smak Parlour, an eclectic women's fashion store in Old City, has an alternative method: They're putting their next shop on wheels.
 
The 18-foot "fashion truck" -- a concept that started in Los Angeles -- resembles a high-end brick-and-mortar operation. The space has French doors, hardwood floors, eight-foot ceilings, dressing rooms and air conditioning. Cofounders (and Drexel alums) Abby Kessler and Katie Lubieski recently secured a coveted vending spot at 40th and Locust Streets.
 
"It's a great way to expand and strategically sell your product," says Lubieski. "You go to where your customers are."
 
The boutique -- which specializes in merchandise by independent designers sold below $100 -- will stock the truck with top-sellers from their established location. Because it costs less to run than a storefront, the mobile shop will feature reduced prices.
 
In eight years, Smak Parlour has evolved from a locally produced clothing line to a full-fledged retailer (they still produce their branded garments locally). In 2008, they began expanding their inventory and reduced the price point to accommodate the unstable economy. The strategy has helped annual sales grow by 30 percent over the past two years.
 
The partners have already showcased their collection at the Philadelphia Tattoo Convention, the Cherry Blossom Festival in Washington D.C., and the Holiday Pop-Up in King of Prussia. To track the fashion truck, customers can use Twitter and Facebook.
 
"The possibilities are endless," says Kessler. "I picture a fleet of fashion trucks all over the country."
 
Source: Abby Kessler and Katie Lubieski, Smak Parlor
Writer: Dana Henry

Campus Philly's Opportunity Fair plugs students into the regional economy

The Campus Philly Opportunity Fair, taking place June 20 at Penn's Houston Hall, isn't just about jobs. In addition to featuring over 40 of the region's largest and fastest growing companies -- including Bentley Systems, Monetate, Artisan and Urban Engineers -- the event will host local civic organizations and a series of workshops aimed at helping recent grads. The big picture goal: keeping students in Philadelphia.

The fair is free to anyone who graduated from college in the past five years. To develop a diverse roster, Campus Philly partnered with the City of Philadelphia and 29 local universities.

The idea for the fair was first conceived in 2008. At the height of the recession, they wanted to help graduates find local employment. The event has since evolved to meet the demands of a changing job market.

"Students often come to us not knowing where to start," says Ashlie Thornbury, director of career programs for Campus Philly. "They want to know who to talk to and how to get plugged-in."

Organizations like Generocity, Young Involved Philadelphia, the Mayor's Office of Civic Engagement and the Citizen's Planning Institute will encourage new grads to get involved with local issues. Workshops cover topics such as managing social media identity and developing career paths through volunteering. There will also be representatives from local graduate programs.

In the past five years, Philadelphia has experienced a population bump after fifty years of decline. Much of this incoming population has been under 30.  

"The Opportunity Fair a great way to showcase all that our region has to offer a recent graduate," says Thornbury. "Philadelphia has become a destination." 
 
Source: Ashlie Thornbury, Campus Philly
Writer: Dana Henry

Inventing the Future: Department of Making + Doing earns $150,000 grant

Thanks to a $150,000 grant from ArtPlace America, the Department of Making + Doing (DMD), located at the University City Science Center, is embarking on an 18-month "placemaking" project. They hope to transform the 37th street walkway in University City into a tech-arts hub. The $150,000 is part of $1.2 million given by ArtPlace to placemaking projects in Philadelphia.
 
DMD will engage surrounding universities and greater West Philly, including Mantua and Powelton Village, in a series of events aimed at developing the walkway. The space connects the Science Center, International House, several local businesses and Lancaster Avenue's commercial corridor.
 
"We want to get as many people involved as possible and mix a lot of different communities," says Dan Schimmel, director of Breadboard, a DMD partner.
 
The project's centerpiece is a "pod," a temporary structure located at the Market Street intersection that will serve as a space to spearhead art projects. Group work will continue at the DMD and Esther Klein Gallery spaces.   
 
The engagement is part of the Science Center's larger efforts to encourage pedestrian-centric development. All four DMD partners -- Breadboard, The Hacktory, The Public Workshop and NextFab Studios -- have strong track records of engaging diverse communities in maker activities, often utilizing cutting-edge technologies. This will be their first opportunity to fuse those histories together.
 
"We're all loosely orbiting around the theme of 'placemaking,'" says Schimmel. "This grant gives us the opportunity to collaborate -- rather than coordinate what we already do -- and develop new programing."
 
Source: Dan Schimmel, Breadboard
Writer: Dana Henry

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.

Inventing the Future: Random Hacks of Kindness winner creates afterschool program wiki

As Philadelphia prepares to close dozens of schools, afterschool enrichment -- a lifeline to arts, athletics and academics -- is also in peril. That’s why Chris Alfano, CTO of JarvUs and brigade leader of Code for Philly, and Faye Anderson, founder of Tracking Change, are building a wiki-based platform that identifies available programs. The team's project, What’s Going On?, won Philly’s fifth Random Hacks of Kindness (RHOK) this past weekend at Drexel’s ExCiTe Center.

This year's RHOK joined forces with hackathons around the globe under the umbrella of National Day of Civic Hacking. The event was organized by Technically Philly through partnerships with AzaveaCode for America, Drexel and the City of Philadelphia. There were five final projects and over 20 participants.

When the Alfano and Anderson first investigated the afterschool issue, they noticed that the data is often incomplete or outdated. Some programs, like the Free Library's Literacy Enrichment Afterschool Program, are burried in individual branch sites. For families with limited internet access and know-how, the lack of an accurate, central resource is a major barrier.

"They need to find things in the community and there's no directory," says Alfano. "Someone who's researching is going to have to be making phone calls and checking up on everything they find."

Instead of creating a static app, which relies on a developer for updates, What’s Going On? is a search engine built on public wiki pages. Users and program directors can submit program pages or update existing ones, creating a more comprehensive repository.

The winning app was first conceived during February’s Tech Camp, which addressed challenges in public education. According to Brian Kirk, co-founder of Technically Philly, relationships between hackers and hackathons have become increasingly common in the civic engagement space. For example, Sheltr, the second place finisher at RHOK, was first created during a hackathon several years ago. The team that worked on it during this recent event was a completely new group.

"There's a community that has an understanding of the data ecosystem and what's being built," says Kirk. "Without any big leadership change, we've seen it coalesce and get pushed further down the road."

Source: Faye Anderson, Chris Alfano, What’s Going On?; Brian Kirk, Technically Philly
Writer: Dana Henry 

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.

Inventing the Future: A public call for 'Innovators Walk of Fame' nominees

The University City Science Center is now seeking nominations for their Innovators Walk of Fame. The inaugural members will be revealed during the organization's 50th anniversary celebration in October. In preparation, the Science Center is asking Greater Philadelphia to recommend regional candidates who have made an impact in science, technology, engineering, art or math (STEAM). There is also a category for innovative companies.
 
"We're not doing this prescriptively," says Stephen Tang, president and CEO of the Science Center. "We want to hear from the community."
 
Final selections will be made by a committee comprised of Science Center affiliates and members of the regional innovation and entrepreneurial communities. By opening in conjunction with Philly Tech Week and the Science Festival, the call for nominations is expected to draw on the city's growing enthusiasm for discovery and invention.
 
Not yet officially decided, the location of the walk -- think the musical stars on Avenue of the Arts -- will likely be on the Science Center's campus. The monument aims to draw public attention (particularly from local K-12 students) to these individuals and their accomplishments.

With leaders like Buckminster Fuller, biotech pioneer Hubert Schoemaker and radar technologist Britton Chance, Philadelphia has a powerful history to pull from. Tang is looking forward to nominations that reach beyond traditional science hubs.
 
"Innovation is kind of an ethereal concept," he says. "I think we will surprise people because they'll recognize that we've had geniuses in our midst for some time." 
 
Nominations can be submitted here through June 15.

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.
 
Source: Stephen Tang, The University City Science Center
Writer: Dana Henry

Inventing the Future: Philly Tech Breakfast builds bridges in the local tech community

Even when it’s not Philly Tech Week, the region has an ever-growing schedule of hackathons and startup events. Despite the crowded landscape, Philly Tech Breakfast has already racked up over 200 members -- including local notables from Philly Startup Leaders, Technically Philly and Drexel's ExCITe Center -- and they haven't even held their first meetup yet.
 
The group will meet every third Thursday in Mitchell Auditorium at Drexel’s Bossone Research Enterprise Center. The morning will feature three-to-six presentations from local tech innovators. According to Enterprise Law Associates' Gary Smith, a founding sponsor, Tech Breakfast is "technology agnostic," meaning that folks working on any tech-driven enterprise -- be it a videogame platform or a medical diagnostic device -- are welcome to participate.
 
"We wanted focus more on the fact that the companies are early-stage and in technology than on the fact that they're in a particular vertical," explains Smith.
 
By joining the greater Tech Breakfast network -- a listserv boasting thousands of members from Baltimore, Washington D.C., Columbia, Md., and Northern Virginia -- Philly can engage a broader community. A venture capitalist from Northern Virginia, for example, is more likely to build relationships and invest in a Philly software company if they belong to the same community.
 
"We’ll become part of a larger flow of information," says Smith. "There's a lot of talk about that, but not a lot of practical facilitation of that."
 
Current sponsors include Namsa, a medical product consultancy, Outlook.com, Technically Philly and Bizelo, an inventory management company for e-commerce. The event was organized by Bizelo founder Ron Schmelzer.
 
While these breakfasts are free to the general public, they are tailored to tech startup members and supporters. Meetings start April 25 with presentations from AxisPhilly, SnipSnap and Acclaim, among others. 

Source: Gary Smith, Enterprise Law Associates 
Writer: Dana Henry

Inventing the Future: Department of Making + Doing offers testing ground for workshop-based learning

When Evan Malone moved NextFab Studio from the University City Science Center to Washington Avenue in late 2012, he left in place several fabrication tools (including a laser-cutter and 3-D printers) and the last two years of NextFab's lease. To reinvent the space, NextFab and Breadboard, who partner on community outreach and artist residency programs, teamed up with  Public Workshop and The Hacktory. The local organizations are developing a combined headquarters and coworking space for tactile projects and education. The partnership, dubbed the Department of Making + Doing (DMD), opens at 3711 Market Street this month.
 
In addition to the high-tech toolage, the space features a full wood shop and electronic workbenches. Initially it will serve as a homebase and workspace for the four partnering organizations, as well as a location for their outreach and educational programming.
 
As schools continue cutting art and music programs, public spaces for tactile learning become critical. "[The school system] is taking away a whole domain of knowledge," says Breadboard's Dan Schimmel. "Essential to understanding these cerebral, book-taught topics is an innate understanding of the physical world."
 
Currently, DMD serves Public Workshop's Building Hero Project, a community design leadership program for young adults. In the fall, DMD plans to offer afterschool programs at the space -- classes will include kinetic sculpture, basic programming and soft circuits (integrating electronics into fabric and clothes). The Hacktory will also host Hardware Freedom Day on April 20.
 
Eventually, DMD hopes to serve the immediate University City neighborhood by offering a space where community projects, such as green infrastructure, can be imagined and built.
 
"It empowers people to believe they have the tools to solve problems," says Michael Darfler of Public Workshop. "We’re coming to this with the attitude that we’re not just talking about how to solve problems, but actually doing it."

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.
 
Source: Alex Gilliam and Michael Darfler, Public Workshop; Dan Schimmel, Breadboard; Georgia Gutherie and Daniel Bergey, The Hacktory
Writer: Dana Henry

Inventing the Future: PIDC gives $500,000 boost to life science technology

Last Tuesday, local university research in healthcare technology got a big boost. As a third component in the StartUp PHL portfolio, the University City Science Center's QED Proof-of-Concept program -- which invests exclusively in medical research from Greater Philadelphia’s academic sector -- was awarded a $500,000 loan from Philadelphia Industrial Development Corporation (PICD) Penn Venture Fund program.
 
QED -- the abbreviated Latin phrase Quod Erat Demonstrandum (proven as demonstrated) -- provides grant money and private sector guidance to help promising studies establish early stage proof-of-concept for commercial application, a cumbersome phase of the research-to-product process. Since 2009, the program has awarded $600,000 annually, divided into $200,000 grants for life science projects and $100,000 grants for research in digital healthcare, a growing field where life science meets information technology. 

According to Stephen Tang, President and CEO of the Science Center, university settings are ideal spaces for developing broad-scope medical science, thanks to their insulation from commercial interests. A diagnostic company, for example, might build a device to detect Alzheimer's disease. Meanwhile, a university has the freedom to research the molecular identity of the disease which can inform a range of diagnostics and treatments.
 
"The theory on innovation is you have to have very divergent thinking before you have convergent thinking," says Tang. "It's that very divergent thinking that [the Science Center] is trying to tap into and help to converge on commercial opportunities."
  
Past QED participants -- representing 22 regional institutions including Penn, Drexel and the Wistar Institute -- have gone on to launch promising companies. Vascular Magnetics, producers of a drug delivery apparatus created by Dr. Robert Levy, a professor of pediatric cardiology from Children’s Hospital of Philadelphia (CHOP) and his QED business advisor Richard Woodward, recently raised $7 million in their first round of financing. UE LifeSciences Inc., a medical device company that commercialized research in breast cancer detection by  Dr. Wan Shih of Drexel's School of Biomedical Engineering, eventually received a $878,422 grant from the Pennsylvania Department Of Health's Commonwealth Universal Research Enhancement (CURE) program.
 
While the "Eds and Meds" capital has long been hailed for life science achievements, Tang sees digital healthcare as the next frontier. Thanks to the Affordable Care Act, massive amounts of medical records have to be digitized. Furthermore, the bourgeoning field of Genomics -- the science of transcribing an individual's genome to detect genetic disease -- will require terabyte-sized data transfer and manipulation. 
 
Accordingly, the 2012 QED program made awards to mobile healthcare apps developed at Rutgers University. The $500,000 PICD loan -- which is repaid via licensing royalties and revenue from successful projects -- will expand QED within city limits, boosting Philly's role in the health IT industry. 
 
"[Philadelphia] has one of the largest concentrations of healthcare facilities, hospitals and doctors, as well as academic research," says Tang. "We're betting big that that domain will distinguish Philadelphia from other metropolitan areas in the world."

The University City Science Center has partnered with Flying Kite to showcase innovation in Greater Philadelphia through the "Inventing the Future" series.

Source: Stephen Tang, University City Science Center
Writer: Dana Henry
224 University City Articles | Page: | Show All
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