Mr. Poisel will speak about “The Entrepreneurial Programs of PCI Ventures” and share with us the efforts at PCI Ventures to build companies from university inventions, the various programs mentioned above, and ways to get involved.
This is an event you don’t want to miss!
The Penn Center for Innovation (PCI) translates Penn discoveries and ideas into new products and businesses for the benefit of society. It does this by facilitating technology development connections between Penn and the private sector. Whether the end result is a technology license, an R&D alliance, the formation of a new venture or an integrated combination of any or all of these activities, PCI serves as a dedicated one-stop shop for commercial partnering with Penn.
PCI is also developing and repurposing land and buildings in and around the UPENN campus for the purpose of developing an innovation community. These innovation communities are “one stop shop” communities which provide everything that companies & people need to thrive, including: connectivity, transportation, community/social activities, housing, etc - all within short distances of each other. These innovation communities will be a main impetus for growth in Philadelphia over the coming years.
The UPstart program at PCI Ventures provides the means and support to UPenn faculty and staff to launch businesses, based on their promising research. Other programs besides Upstart at PCI Ventures are:
AppitUP: a mobile application idea challenge designed to gather the best app ideas from the Penn community and connect them with the funding and technical expertise necessary to make them a reality.
DevelUPmed Challenge: a program that identifies medical device and diagnostic technologies with commercial potential and accelerates them from idea to prototype stage and beyond through a startup company mechanism.
UPadvisors: a program which provides mentoring advice from the PCI Ventures team, access to preferred partners who are willing to work for deferred fees, and access to marketing opportunities for the company through PCI Ventures events.
MICHAEL D. POISEL
Director, PCI Ventures
Since joining the University of Pennsylvania in 2009, Michael has been building entrepreneurial programs for the university. He currently manages PCI Ventures, which includes UPstart, AppitUP, DevelUPmed and UPadvisors.
The mission of UPSTART is to provide Penn faculty and staff with the means and support to launch businesses based on their promising research. Through the creation of the companies, UPSTART focuses the faculty member on applied research and building the commercial value of the technology to their benefit as well as the university and society in general. After the company is formed, UPSTART continues to assist in the development of the business by providing several additional entrepreneurial services including Addressable Market Analysis, Product Strategy Development, Fund Raising Assistance, Commercialization Grant Preparation and Management Team Recruitment.
In the past six years, UPSTART has initiated over 140 company projects of which many are now operating businesses.
Prior to Penn, Michael made investments in enterprise software and business services for NewSpring Capital, Apax Partners and GE Capital spanning more than ten years in private equity. He began his career in manufacturing operations for General Electric/Lockheed Martin and participated in the successful completion of several commercial and government satellite programs.
Michael graduated with honors in Mechanical Engineering from Rose-Hulman Institute of Technology, holds an M.S. in Systems Engineering from The Moore School of Engineering of the University of Pennsylvania, and has an M.B.A. in finance and entrepreneurial management from The Wharton School of Business of the University of Pennsylvania.
For more information about PCI, follow this link:
Contributing Members and up to 1 guest:$45.00 each
Basic Members: $90.00 each
Other Guests: $95.00 each
There will be an additional $15 charge for registrations on the day of the event and walk-ins.
Contributing Members (those who have a current paid dues membership in any category) may register themselves and 1 guest, each at the Contributing Member price. Basic Members are all other Wharton alumni who live and/or work in New Jersey.
Location and Directions:
Dolce Basking Ridge
300 North Maple Avenue
Basking Ridge, NJ 07920