Why Philly made sense for Johnson & Johnson's first innovation office - Technical.ly Philly

Sciences

Oct. 16, 2018 10:13 am

Why Philly made sense for Johnson & Johnson’s first innovation office

“We’re going to augment the great life sciences [sector] that Philly already has,” said Kate Merton, the J&J staffer in charge of JPOD Philadelphia.

Based within the Pennovation Center, JPOD Philadelphia looks to offer mentorship to local entrepreneurs.

(Rendering courtesy of Johnson & Johnson)

Think of JPOD Philadelphia, a Johnson & Johnson networking and resource center for entrepreneurship, as the company’s way to keep an eye on innovations coming out of the University of Pennsylvania.

Inside a hub officially opening Nov. 1 at Pennovation, the company will combine regular networking events with mentorship for budding life-sciences entrepreneurs.

Kate Merton, a former life-sciences exec who holds a Ph.D. in pharmacology, became head of JLABS for New York, Boston and Philly in November of last year. She calls it her “dream job.”

“JLABS is the no-strings-attached, no-equity-taking innovation incubator of Johnson & Johnson,” Merton said. “JPOD is that minus the lab space, because great partners like Pennovation already offer it. We’ll bring mentorship and investor relationship and networking.”

Through secure videoconferencing systems, the draw for entrepreneurs is the ability to get advice from J&J’s pool of 130,000 global employees.

Thought JPOD Alberta, inside the University of Alberta’s Katz Center, was announced first, Merton said Philly’s will be the first one to be up and running.

Here’s what led the company to choose our city for the first such hub in the country and, really, the world:

“Philly has great strengths,” said the exec, who lives outside of Princeton, N.J. “One is its multiple life sciences, health and medical organizations. The JPOD in Philly will help augment the great life science basis that Philly already has.”

One way the company is starting the outreach to the local community is through its “Quick Fire Challenge” competition: An open call for an “idea, technology, or solution that improves human healthcare” which will be rewarded with a $30,000 prize, space at Pennovation and mentorship.

Companies interested in entering the challenge can apply by Jan. 25.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Art at work: How 10 Philly workspaces are embracing their creative sides

BIO 2019 was in Philly this week. Here’s what you missed

WeWork is opening its fifth Philly location at 1100 Ludlow

SPONSORED

Philly

This apprenticeship program is opening the door for candidates with nontraditional backgrounds

Center City

Inspire

Product Manager – Sales Tools

Apply Now
Center City

Inspire

Member Experience Specialist

Apply Now
Philadelphia, PA

Perpay

Frontend Engineer

Apply Now

#PTW19 perk: Coworking space 1776 will be accessible to Introduced conference ticket holders

What is open science?

London-based IAG sets up its US headquarters at Pennovation

SPONSORED

Philly

How AI can help humans, not replace them

Ambler, PA

IntegriChain

Data Engineer

Apply Now
Philadelphia, PA

Linode

Product Marketing Manager

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineers

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!