Innovation Works
Venture Capital and Private Equity PrincipalsPennsylvania, United States51-200 Employees
Innovation Works, based in Pittsburgh, Pennsylvania, serves as a primary investor and supporter for early-stage startups developing hardware, software, and life sciences technologies in the southwest Pennsylvania region. It participates in the Ben Franklin Technology Partners network, a statewide system aimed at diversifying the economy and retaining local innovations, and is overseen by the Department of Community and Economic Development. It also runs several accelerator programs to nurture regional tech entrepreneurship, including AlphaLab, AlphaLab Gear, AlphaLab Health, and Robotics Factory. In January 2023, Innovation Works launched the Robotics Factory, a robotics-focused initiative developed with regional partners as part of the Build Back Better Regional Challenge. Additionally, the organization administers the BNY UpPrize Social Innovation Challenge, a program run with BNY that supports social innovators. Its activities cover hardware, software, and life sciences, coordinating with regional partners to advance commercialization and economic diversification in the Pittsburgh area.