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Potential Dealflow: the IW Portfolio

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IW News
Venture Financing with a Mission Beyond Profit
July 24, 2008
JumpStart Inc. and Innovation Works are two examples of "homegrown nonprofit groups that nurture new businesses from the ground up" providing incentive for companies to stay and newcomers to relocate.
Read More at  The New York Times
A trailblazing stroke of public policy foments tech startups
July 1, 2008
Despite current sluggishness, Pennsylvania remains a promising economy with many technology visionaries poised to bring about tremendous change.  Technology-based firms are leading the charge thanks in no small part to the Ben Franklin Technology Partners/Innovation Works.
Read More at  Pittsburgh Post-Gazette
Newly formed AlphaLab nurtures technology startups
June 26, 2008
Created by Hazelwood-based Innovation works,  AlphaLab is more than a place -- it is a six-month program designed to accelerate the birth and growth of software, Internet and gaming companies.
Read More at  Pittsburgh Post-Gazette
Startup Incubator Opens in Pittsburgh
May 30, 2008
A new facility for startup software and Internet companies is about to open in Pittsburgh. The new AlphaLab is affiliated with Innovation Works, a seed-stage investor that has pumped $37 million into more than 100 Pittsburgh-area startups over the past eight years.
Read More at  Startup City
High-tech sector gets big lift
May 2, 2008
"Since its inception in 1999, Innovation Works has channeled $36 million in state money to Southwestern Pennsylvania startup companies."
Read More at  Pittsburgh Tribune-Review
Innovation Works touts 2007 success stories
May 2, 2008
"The Hazelwood-based venture capital fund that specializes in giving a leg up to young technology companies released its annual report last night . . . "
Read More at  Pittsburgh Post-Gazette
View all IW News Articles >>
Company News
ALung Technologies develops revolutionary respiratory device, tripling and hiring
July 23, 2008
Southside-based ALung Technologies has developed a promising alternative to lung ventilation that may prevent serious illness and save lives.
Read More at Pop City  Media
Precision Freehand Sculptor - Blue Belt Technologies Inc.
July 4, 2008
Blue Belt Technologies Inc. makesa handheld robotic bone-cutter that aids in computer-assisted surgery.
Read More at Pittsburgh Business Times
ReBound Therapeutic Warming System - ReGear Life Sciences Inc.
July 4, 2008
The ReBound system delivers evenly distributed radio frequency waves to deep muscle tissue to treat chronic pain, repetitive stress injuries, carpal tunnel syndrom and other muscular ailments.
Read More at Pittsburgh Business Times
Software for Social Networking Sites - BlenderHouse
July 4, 2008
BlenderHouse has developed a software application allowing the user to download the application to their personal site page and "ask" their network of friends for responses on a topic.
Read More at Pittsburgh Business Times
Penthera Secures Financing from Innovation Works
July 4, 2008
Pentera Partners, Inc., a provider of software, systems and services for delivering video to mobile devices, has closed  $1.3MM financing round including investment from a group of individual investors and Innovation Works, one of the nation's most active seed-stage investors and part of Pennsylvania's statewide Ben Franklin Technology Partners.
Read More at Penthera Partners
Plugged In:  Local Company changing online fashion world
July 2, 2008
Modcloth.com started in a dorm room and has since blossomed into an international business online.  Please view the complete interview by WTAE's Ashley DiParlo.
Read More at WTAE-TV
PA moves up in science, technology ranking
June 22, 2008
Pennsylvania has moved from a 16th to 13th national ranking when it comes to technology and science assets.
Read More at Pittsburgh Post-Gazette
Robotic arm gives Penna Flame a helping hand
June 6, 2008
The newest employee at Penna Flame Industries Inc. is a yellow robotic arm nicknamed Robobb which is heling the 40-year-old Zelienople company increase productivity by 30 percent.
Read More at Pittsburgh Business Times
'Serial entrepreneur' focuses on baby products
May 27, 2008
Thorley Industries manufactures baby producs to make a mom's work easier.
Read More at Pittsburgh Post-Gazette
The Thinkers: Sensor-rich 'Scout Ball' has firm rolling
May 26, 2008
"Imagine you're a platoon leader in Afghanistan, approaching the entrance to a dark cave and wondering whether enemy fighters are lurking inside . . . "
Read More at Pittsburgh Post-Gazette
Chrystalplex's "QD" Technology Finds Huge Market Potential
May 16, 2008
Through its unique, multi-layered approach, Crystalplex is able to create quantum dots that are identical in size, shape and weight in any color.
Read More at TEQ Magazine
Pittsburgh cyber-security firm rethinks how to protect sensitive data
May 16, 2008
BitArmor develops system designed to protect critical data rather than the computer system.
Read More at Pittsburgh Business Times
Plugged In:  ShowClix
May 15, 2008
A new site is connecting you to your favorite artists and local music events happening in the 'Burgh.
Read More at WTAE-TV
View all Company News Articles >>
Press Releases
My Payment Network Receives Investment from Innovation Works to Expand Reach to More Schools, Enter New Markets with Online Payment Solutions.
August 6, 2008
My Payment Network, providing electronic payment services that support organizations such as K-12 schools and specific industries, has received an investment of $200,000 from Innovation Works, the most active investor in seed-stage technology companies in Southwestern Pennsylvania.
Read More
Innovation Works selects software, Internet, and interactive game companies as first participants in AlphaLab
June 25, 2008
The first companies have been selected to participate in AlphaLab, a new  program of Innovation Works to spur the growth of companies developing software, interactive games, and web and mobile applications.  Innovation Works, one of the nation’s most active seed-stage investors, selected the following companies to participate in the initial AlphaLab program: BlenderHouse, Chogger, crono, GameHuddle, Skill-Life, and Sonya Labs.
Read More
Innovation Works Launches AlphaLab to Rapidly Grow Software-Related Companies by Providing Investment, Office Space, Expertise
February 21, 2008
Innovation Works, one of the country’s most active investors in seed-stage technology companies,   is launching AlphaLab to accelerate the development of software, interactive games and Internet-related companies.  
Read More
Innovation Works Makes 100th New Investment in Seed-Stage Technology Companies
January 17, 2008
Innovation Works, the Pittsburgh region’s most active and largest seed-stage investor in technology start-ups, invested in its 100th company since the inception of the organization’s seed fund in late 1999.
Read More
View all Press Releases >>
AlphaLab
AlphaLab provides funding, space and business assistance to launch the next generation of software, interactive game-design and Web-related companies. Learn More.
 
Careers
To search for job openings at portfolio companies and/or Innovation Works, or to submit a resume, go to Careers.
 
 
Download the 2007 Annual Report   pdf
ARMTech 2008
August 13, 14 and 15, 2008
The ARMTech Showcase of Industry & Technology, which is part of the Armstrong County Regional Manufacturing Initiative, provides local companies and business leaders the opportunity to network and establish working relationships with other companies and organizations from within the region and across the United States. Industries being represented include electro-optics, advanced manufacturing, medical research, aerospace and defense contracting.

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Science 2008: On our watch
October 2-3, 2008
Science 2008 is the University of Pittsburgh’s eigth annual broad-based regional celebration of local science and technology.  Highlights will include symposium sessions on “hot” research topics; keynote lectures by some of America’s premier scientists; a showcase of new technology available for licensing; informational exhibits; networking opportunities; social events; and more.

(more)

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