Established | 1963 |
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President and CEO | Stephen S. Tang, PhD |
Location | University City, Philadelphia, Pennsylvania |
Address | 3711 Market Street, Philadelphia, PA 19104 |
Website | www |
The University City Science Center (UCSC) is the first and largest urban research park in the United States. It was established in 1963 in the University City neighborhood of Philadelphia. It provides technology commercialization resources to entrepreneurs, including incubator space with fully equipped laboratories and “plug ‘n play” offices, and programs that nurture and sustain new technology businesses.
An independent 2009 study reported that graduate organizations and current residents of the University City Science Center’s business incubators have created more than 15,000 jobs that remain in the Greater Philadelphia region today and contribute more than $9 billion to the regional economy annually.
The Science Center occupies approximately 2,000,000 square feet (190,000 m2) of real estate along Market Street in West Philadelphia and is located near several major universities and research institutions including The Children's Hospital of Philadelphia, Drexel University, the University of Pennsylvania, University of the Sciences in Philadelphia and The Wistar Institute.
The location facilitates academic collaboration and fosters participation in the region’s largest community of researchers. The Science Center includes a new building, which is LEED certified at the silver level and features one of the largest green roofs in Philadelphia.
In response to a report released by the CEO Council for Growth in 2007, that made recommendations on strategies for accelerating new business formation and product development from academic research, the Science Center launched a Proof-of-Concept program to stimulate technology transfer in the mid-atlantic region in 2009. Like centers in other technology hotbeds, including the Deshpande Center at MIT (Cambridge, MA), and the Von Liebig Center at UCSD (San Diego, CA), the QED Proof of Concept Program is a funding and business development program for researchers among 21 academic institutions located in the mid-atlantic region and clustered within and around Greater Philadelphia. In 2012, the QED Program committed $2.4 million to a total of 12 projects, leveraging nearly $9 million in private follow-on technology investment to date. Supported by the Commonwealth of Pennsylvania, the U.S. Department of Commerce, the William Penn Foundation, and Wexford Science and Technology, the Program was highlighted in the Department of Commerce's COMPETES report as a potential model for public-private partnerships that stimulate technology-driven economic development.