2024Impact Report
In 2024, we took bold action to advance life science and healthcare innovation, uplift communities, and improve lives. Through focused effort and steadfast dedication, we made significant strides in powering progress that translates to transformative impact.
Letter from the President & Chair
We recognize that the path from innovation to impact can be an uncertain and complex journey. Since our founding in 1963, our business model has been guided by industry and economic trends that shape our programs and partnerships and create a more efficient path to market for early-stage companies.
In 2024, we doubled down on our support of startups facing economic headwinds while navigating an intricate matrix of the stakeholders surrounding healthcare innovation.
We recognize that the path from innovation to impact can be an uncertain and complex journey. Since our founding in 1963, our business model has been guided by industry and economic trends that shape our programs and partnerships and create a more efficient path to market for early-stage companies.
In 2024, we doubled down on our support of startups facing economic headwinds while navigating an intricate matrix of the stakeholders surrounding healthcare innovation. And our commitment to engaging Philadelphia youth through industry-informed STEM curricula and career exposure has allowed us to reach more students and explore ways in which to replicate our model.
Throughout our programs, we made strides in amplifying our impact in greater Philadelphia, across the country, and around the globe.
Together, they create a powerful collective impact, improving startup success rates, creating jobs, and generating economic opportunities.
Read on to discover our impact and meet the people and companies we're supporting.
With warm regards,
Tif and Mike
2024 Highlights
Impact by the Numbers
Focus Areas
Our Activity
Our programs, initiatives, and partnerships are designed to bridge potential with opportunity and unlock new possibilities—locally, nationally, and globally.
Investors representing
$1.3B
in venture capital engaged
Startup Acceleration
From founder-built to leader-led. We empowered dozens of enterprising startups with the resources and networks they need to excel.
527
hours volunteered by mentors
STEM Education
Act like a kid, think like a scientist: we inspired curiosity and built a foundation for students to begin their career journey in STEM.
4.4M
existing square feet
Placemaking
uCity Square came to life as a place where ideas spark, connections thrive, and opportunity takes shape.
On Deck for 2025
A Look Ahead
Driving BetterHealthOutcomes
Driving Better Health Outcomes
Engage top startups from around the globe to advance healthcare innovation.
ScalingSuccess
Scaling Success
Expand our model to replicate programs and amplify impact.
ExtendingSTEMPathways
Extending STEM Pathways
Bridge more high school seniors to meaningful STEM opportunities.
This impact would not be possible without the support of our funders.
Your support matters—it fuels our innovation ecosystem and allows us to continue to offer free programming.