On Friday, October 28, the Pennovation Center officially opened the doors to its three-story, 58,000-square-foot facility located on the banks of the Schuylkill River. The multipurpose space offers co-working, lab, and production spaces, and more resources for researchers, innovators, and entrepreneurs seeking collaboration and community.

The Pennovation Center joins two key initiatives to enhance the overall innovation profile at Penn and Wharton — The Mack Institute for Innovation Management and Penn Wharton Entrepreneurship.

“We’ve got a fantastic skill set when it comes to innovation at Penn,” said Dean Geoffrey Garrett in a video message to celebrate the launch.

“The Mack Institute is focused on a key challenge — innovation in large, mature organizations, that really want to innovate but sometimes find it hard to get that innovative mindset.” “Then on the student-facing side, [Penn] Wharton Entrepreneurship provides incredible opportunities for our students to learn by doing,” continued Dean Garrett.

The Center is already home to 20 startup companies and over 100 individuals, ushering in a new hub for innovation and entrepreneurship at Penn.