Translational Research Lab at the
University of Pennsylvania
125 South 31st Street
Philadelphia, PA 19104
Photo: Seich + Ruffo Photography
The Translational Research Laboratory at U Penn is located in one of America's largest biotechnology clusters. The state of Pennsylvania was the one of the largest recipients of NIH grants in fiscal 2007, receiving almost $1.4 billion. Additionally the University of Pennsylvania Medical School was the second largest recipient of NIH grants, receiving more than $451 million in FY 2007.
Along with being one of the largest recipients of NIH grants, Pennsylvania offers many strengths that support the bioscience sector:
- A location in the bio-pharma corridor - 80% of the world's largest pharmaceutical companies are within a 50-mile radius of Philadelphia - providing access to a deep scientific talent pool, exceptional managers and partners for the region's biotechnology companies
- Close proximity to the world's financial center in New York City
- Close proximity to the U.S. regulatory center in Washington, D.C.
- One of the easiest springboard's in the U.S. to the European markets
- Strong allied skills - ancillary industries and a robust service provider network that supports the growth of the industry.
Pennsylvania has also instituted innovative programs for the biosciences that include:
- The Life Sciences Greenhouse Initiative, which provides a flexible mechanism for seed funding and the commercialization of biotechnology and other life sciences business opportunities by accelerating technology transfer, enhancing collaboration, and attracting new business
- Keystone Innovation Zones, geographically-designated zones of opportunity and innovation, designed to harness resources made available through partnerships formed by a combination of institutions of higher education, private businesses, business support organizations, commercial lending institutions, and venture capital networks including angel investors and foundations
- The Commonwealth Universal Research Enhancement (CURE) program, through which research grants are awarded to Pennsylvania healthcare institutions, colleges, universities and non-profit health organizations
- Expanded R&D tax credits, with a tradability provision