Innovation

New ideas and technologies help produce high-quality goods and services that keep Pennsylvania competitive in today’s global marketplace. Innovation is spurred by both the private sector and academic institutions. Promising biomedical research conducted at academic institutions is often patented and licensed to private sector entities leading to increased investment, further product development, and economic growth.

Why It Matters

McGowan Institute accomplishments in innovation

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Invention Disclosures Filed
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Patents Filed in the U.S.
0
Patents Filed Internationally
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Patents Issued in the U.S.
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Confidential Disclosure Agreements Executed with Companies
$0
From Industry to Support Regenerative Medicine Research
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Licenses/Options Completed with Outside Partners

Latest Projects

Regenerating Economic Impact

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Workforce

A skilled workforce is a critical component for regional economic growth. Many jobs that once required only a high school degree now require additional training or postsecondary education. Ensuring that Pennsylvania’s workforce has access to these opportunities will prepare the region to compete in the global economy. The McGowan Institute employs an interdisciplinary coalition of faculty, students, trainees, and staff who are working to solve critical health issues.

Why It Matters

McGowan Institute accomplishments in innovation

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Jobs
Including Faculty, Trainees, and Administrators
0
Spin-out Companies Formed
from Technology Developed by Affiliated Faculty Members
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Total Jobs
Created from McGowan Spin-out Companies

Investment

The McGowan Institute receives grants and awards for its research from agencies and organizations like the U.S. Department of Defense, National Institutes of Health, the National Science Foundation, and the Department of Veterans Affairs. These research dollars flow through the Pennsylvania economy supporting cutting-edge technologies and therapies in regenerative medicine. The McGowan Institute’s collaborative approach to regenerative medicine research has led to strategic partnerships with various institutions across Pennsylvania. It is through these partnerships, our drive to push medical boundaries, and our expertise across multiple specialties in medical research that the McGowan Institute has continued to be an economic driver in Pennsylvania.

Why It Matters

McGowan Institute’s contributions to Pennsylvania job creation

$0
In Grants and Awards
Received Each Year for Research and Sponsored Programs
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Of Leveraged Investment
Beyond Commonwealth Grant Funding (13 to 1 ratio)
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In Direct Annual Expenditures
Supporting Local Businesses
$0
Of Additional Third-party Investment
in McGowan Institute Startup Companies