Welcome to Innovation Park at Penn State, an ecosystem where business, education and research come together.
Innovation Park at Penn State offers 118-acres of remarkable office, manufacturing and research space, and is part of one of the world’s premier research institutions, with access to Penn State’s scientific, engineering, technology and business resources, as well as the support services needed to transfer knowledge from the University to the marketplace. The network of resources available at Innovation Park supports early-stage entrepreneurs and established businesses alike. Innovation Park at Penn State is home to the Penn Stater Conference Center Hotel—a 300-room hotel with world class conference facilities. Just a few miles from the University Park Airport and directly off of Interstate-99, the Park is easily accessible for travelers.
Keystone Nano, with Help from Ben Franklin Technology Partners, Sets Sights on Liver Cancer
Keystone Nano is targeting a killer that claims approximately 700,000 lives each year, with no effective treatment—liver cancer. With the company’s recently unveiled Ceramide NanoLiposome (CNL), they expect to be able to effectively kill cancer cells, while leaving normal cells unharmed, a process nearly unheard of in the world of cancer therapies. This means great things for cancer patients, including reduced negative side effects that result from most traditional cancer treatments, as well as a greater likelihood of treatment success.
PHEAA Grows Into a New Space, Just in Time for the Spring Semester
One of the newest additions to Innovation Park, the Pennsylvania Higher Education Assistance Agency (PHEAA) is one of the country’s premier student aid organizations. Offering loan servicing, aid processing, and other types of assistance for college students, PHEAA operates beyond the state level as American Education Services and FedLoan Servicing nationwide. Created in 1963, PHEAA was founded by the Pennsylvania General Assembly, and today provides its services to millions of students attending thousands of schools.
Tony De Luca is the senior director at Siemens PLM Software, one of the more recent tenants to join Innovation Park, and already he says that the company is noticing the great difference Innovation Park makes within their work community, by, instead of isolating it, expanding it.
“In our previous office location we were isolated in a single tenant building aside a residential neighborhood,” he says. “It’s great to now be part of a community of professionals where we can interact, whether it be waiting in line at a food truck or looking forward to participating in future park events.”
De Luca and his peers are actually using these newfound connections in an interesting way—to support a worthy cause in a fun (and admittedly tasty) manner.
Every month, Ben Franklin Technology Partners hosts a networking luncheon at Innovation Park. The November event, held on November 16, featured an introduction by Dr. Barry Scheetz of his business, Elixsys Group, LLC. A new tenant of the Tech Center Incubator, Elixsys Group is a waste remediation technology company that is tackling the major global problem of coal fly ash.
Fly ash contains huge amounts of incredibly valuable resources, including metals and rare earth elements (REEs). Currently, the U.S. relies mainly on foreign sources for REEs, with China controlling 95% of the market. Massive ash containment areas have been building up for decades. But Elixsys has developed a patent-pending process of leaching the valuable resources from fly ash that is holistic, safe, and environmentally friendly. The technology can also be used on any other metal-containing source, like bottom ash, metal slurry, or contaminated soil.