For the past half-century, Philadelphia's University City Science Center has paved the way in entrepreneurship, innovation and technology commercialization in the life sciences and emerging technologies.
The first and largest urban research park in the United States, the complex includes more than 2 million square feet of office and lab space, and access to investors and business-building advice. Graduate organizations and current residents of University City’s Port business incubators currently account for more than 15,000 jobs and contribute more than $9 billion to the region's Gross Domestic Product.
“Our outlook is regional by nature and design,” says Stephen Tang, president of the Science Center. “We also excel at making connections. As a keystone in the region, we bridge social distances and connect disparate parties together with the goal of sparking connections that can lead to increased innovation, company formation and ultimately job creation.”
Shareholders include 31 of the leading academic and research institutions in Pennsylvania, New Jersey and Delaware, while the center's Scientific Advisory Committee includes senior research administrators from academic, health care, research institutions, and leading local companies in the life sciences and other industry sectors.
In 2012, University City broke ground on an 11-story tower that will house Penn Presbyterian Medical Center’s Center for Specialty Care. The remaining 88,000 square feet in the development will help University City support tech-based innovation, entrepreneurship and economic development in the region.
“Not only does this expansion strengthen University City’s unparalleled reputation as a higher education and health-care hub, but the innovative treatments and techniques pioneered at Penn Presbyterian are a natural fit for the culture of innovation that we're developing at the Science Center,” Tang says.