ED/I  Innovation Works


     Office Locations:

Nova Tower 2
Two Allegheny Center, Suite 100
Pittsburgh, PA 15212
Phone: 412-681-1520



  • Early
  • Seed



  • Communications & Networking
  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device
  • Software & Internet



    Innovation Works (IW) has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. The fund also provides resources for manufacturers to adopt new technologies. IW is part of the Ben Franklin Technology Partners (see profile), a statewide network that fosters innovation to stimulate Pennsylvania's economic growth and prosperity. Innovation Works has invested $52.3 million in more than 168 technology startups. IW's Seed Fund targets start-up companies that are American-owned; located or willing to relocate to the Southwestern Pennsylvania region; employ fewer than 50 people; and are developing proprietary technology in the areas of Life Sciences and Information Technology. In 2007, Innovation Works launched AlphaLab (see profile), an immersive environment where entrepreneurs can tap IW's onsite experts for business and market advice and exchange ideas with other entrepreneurs launching in similar markets. Companies selected to participate in AlphaLab's intensive 20-week program receive: $25,000 in seed-stage funding, Mentorship, Educational Sessions, and Office Space.



      Fund Name



    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Bob Starzynski Director of Business Development
    Gary Glausser Chief Investment Officer
    Jim Jen Director
    Larry Miller Managing Director of Life Sciences
    Rich Lunak President and Chief Executive Officer


    Portfolio companies include:

      8020 Select
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      Accipiter Systems
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      ActivAided Orthotics
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      AllFacilities Energy Group
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      Allpoint Systems
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      Alung Technologies
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      Appalachian Lighting Systems
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      ATRP Solutions
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      BitArmor Systems
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      Blue Belt Technologies
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      Bossa Nova Robotics
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      BPL Global
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      Caliber Infosolutions
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      Carmell Therapeutics
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      Carnegie Speech Company
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      Cognition Therapeutics
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      Etcetera Edutainment
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      Framed Data
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      Insurance Zebra
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      Just Between Friends
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      LeftRight Studios
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      Medallion Analytics
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      medSage Technologies
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      RedPack Logistics
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      The Resumator
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      Voci Technologies
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