University of Pennsylvania celebrates launch of Penn Centre for Innovation.

The upgrade to University of Pennsylvania’s (Upenn) tech transfer programme has concluded with the official launch of the institution’s new research commercialisation initiative.

Called the Penn Centre for Innovation, the new organisation was formally opened by Pennsylvania president Amy Gutmann earlier this week. The updated programme consolidates the university’s existing Centre for Technology Transfer with other groups on campus working on the commercialisation of Upenn technologies under one roof.

At the official launch, Gutman said: “The new Penn Centre for…