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Innovation Works is a nonprofit venture development organization founded in 1988 in Southwestern Pennsylvania. It has invested over $130 million in more than 780 companies, playing a vital role in the local startup ecosystem. The organization focuses on driving economic growth by supporting early-stage technology startups.
Innovation Works invests in early-stage technology startups across sectors such as SaaS, robotics, healthcare, and industrial. They provide funding, mentorship, and tailored resources for startups at pre-seed, seed, and seed-plus stages. Their programs, including AlphaLab and Robotics Factory, are designed to meet the specific needs of entrepreneurs.
Notable portfolio companies include 4moms, known for robotics technology in the juvenile industry; Accel Diagnostics, which develops a blood testing platform; ActivAided Orthotics, recognized for postural training apparel; Adrich, an AI and IoT company; and Aethon, Inc., specializing in pilot-less indoor material transport solutions.
Submit your pitch through their form at innovationworks.org.
Innovation Works runs the AlphaLab program, which supports early-stage tech startups with mentorship and resources tailored to their growth needs.
Innovation Works typically participates in funding rounds but may not always lead them. Their focus is on supporting startups through various stages of growth.
Innovation Works has a strong track record of helping startups secure follow-on funding, indicating their commitment to supporting companies beyond initial investments.
The organization has invested over $130 million across its portfolio, reflecting its capacity to support multiple startups at various stages.
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