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Innovation Works

Innovation Works

A government office and incubator in Pittsburgh that focuses on supporting and expanding the startup and entrepreneurial ecosystem within Southwestern Pennsylvania.

Innovation Works is a government office and incubator in Pittsburgh that focuses on supporting and expanding the startup and entrepreneurial ecosystem within Southwestern Pennsylvania. Founded 1999 in Pittsburgh, Pennsylvania, United States, it invests in early stage ventures, seed, convertible notes,series A, and series C rounds. As of February 2020, Innovation Works has made 347 investments. Their most recent investment was on November 13, 2019, when Conservation Labs raised $1.7M. Innovation Works has had 22 exits, the most notable of which include Nowait, ModCloth, and Wombat Security Technologies. Innovation Works has raised a single venture fund, Innovation Works Venture Capital Fund. This fund was announced on October 7, 2014 and raised a total of $24M.

Timeline

1999
Founded

Funded Companies

Company
Description
Industry
Website
Location
Cognition Therapeutics

Cognition Therapeutics is a biotechnology and pharmaceutical company developing therapeutics for Alzheimer’s disease and other neurodegenerative disorders that is headquartered in Pittsburgh, Pennsylvania in 2007 by Gilbert Rishton and Susan Catalano.

A company that had a wait list mobile application that was used in restaurants by owners and customers alike. It was founded in 2010 and acquired by Yelp in March 2017.

Sharp Edge Labs is a US-based biotechnology company that develops drugs for protein trafficking disorders.

Identified Technologies developed commercial drone solutions for industrial companies to map and track job sites.

RE2 Robotics is a company that develops intelligent mobile manipulation systems.

Strikingly is a company providing an online web platform for building mobile-optimized websites. It participated in the W13 cohort of Y Combinator.

Rapid Flow Technologies is a company that aims to improve peoples' lives by using artificial intelligence to reimagine traffic control.

HEBI Robotics’ focuses includes robotics, hardware, and software, with a core focus on motion control.

ShowClix is a Pittsburgh-based company founded in 2007 by Joshua Dziabiak.

ImpactGames is a gaming company.

BitArmor is a Pittsburgh-based company in the software industry founded in 2003.

Leiyoo is a gaming company.

VistaTEK is a Minnesota-based company.

Fotofeedback is a Pittsburgh-based company.

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People

Name
Role
LinkedIn

Larry Miller

Executive in Residence

Susan Kijowski

Controller

Bob Starzynski

Director of Business Development

Cindy Franc

Assistant to the President and CEO

Gary Glausser

Chief Investment Officer

Nancy Lee Kiefer

Administrative Coordinator, Entrepreneurial Services

Rich Lunak

President and CEO

Terri Glueck

Director of Community Development and Communications

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Conservation Labs

Farm Jenny

Idelic

Lumis Corp

Make It Hapin

Module

Optikal Care

Plum

Retirement Atlas

Root Health

References

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