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November 23, 2009 9:31 AM ET
Innovation Works

Company Overview

Innovation Works is a venture capital firm specializing in startup and early stage companies. The firm typically invests in technology enterprises with a focus on computer software and hardware, communication, robotics, advanced manufacturing, and biotechnology. It seeks to invest in companies located in or agree to relocate to Southwestern Pennsylvania. The firm provides grants in the form of University Innovation Grant Fund and Innovation Adoption Grant Fund. It invests in the form of convertible debts. Innovation Works is based at Pittsburgh, Pennsylvania.

2000 Technology Drive

Suite 250

Pittsburgh, PA 15219-3109

United States

Phone:

412-681-1520

Fax:

412-681-2625

www.innovationworks.org

Key Executives

President
Age: 43
Director of Finance and University Grants
Director of the Innovation Adoption Grant Fund
Chief Investment Officer
Director of Community Development and Communications
Compensation as of Fiscal Year 2009.

Key developments for Innovation Works

Innovation Works Launches AlphaLab to Rapidly Grow Software-Related Companies by Providing Investment, Office Space, Expertise

Innovation Works is launching AlphaLab to accelerate the development of software, interactive games and Internet-related companies. AlphaLab provides funding, free office space, and intense business mentoring for up to twelve companies per year that will be selected in two, six-month cycles. The immersive AlphaLab experience helps companies rapidly develop their technology, test and improve â?~alpha' (early iteration) releases and move toward successful commercial launch of their software product. AlphaLab is now accepting applications from entrepreneurs to join the first group of companies to begin the six-month program in May. The on-line application must be submitted by March 31, 2008 and can be found at www.iwAlphaLab.org .Applications for AlphaLab will be reviewed by a committee of business advisors, software developers, and the Innovation Works' AlphaLab team. A select number of companies will be asked to make in-person presentations. Companies will be selected for participation in AlphaLab based on uniqueness of the concept, the technology's market potential, and the team's ability to develop and execute a business model with AlphaLab's assistance.

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