Review on Innovation Works by Inioluwa Okedeji
Innovation Works: A US-Based Firm That Is Overly Concerned And Interested In Developing High Potential Startup Companies.
Innovation Works is another venture that plays a vital role when it comes to investments in companies with a high potential to impact global economy. Based in Pennsylvania in the United States, Innovation Works makes investments which include capital, business expertise plus experience and other resources of neccessity in developing companies for global impact and all these indirectly, help boost the economy of the state of Pennsylvania both financially and technologically.
The major aim of Innovation Works is empowering entrepreneurs in order for them to successfully scale limits and create impacts. And apart from the list of investments above, they also offer programs that help nurture entrepreneurs from the birthing of a nice and great business idea/model to becoming a successful and sustainable company.
The programs IW (Innovation Works) offer are;
• Seed Fund Programs: This program offers mentorships, connections to customers and also fundings needed for the successful growth of startups.
• Accelerator Programs: This program is similar to the seed fund program in that it is also to help startups, especially technological companies to quickly gain a strong business foundation.
• Teen Entrepreneurs: This program involves the training of teens to be successful entrepreneurs and a program provided for this purpose is the startablePittsburgh program with an eight weeks duration.
• Riverfront Ventures: This program involves investments into technological companies that are at an early stage and currently, Riverfront venture is a $24 million project.
• Partners initiatives: This program involves partnerships programs with IW partners in helping the growth of startups as well.
In a means to achieve its aim and goal, Innovation Works is equipped with a team of experts who are available to dish out their experience and expertise in nurturing and guiding entrepreneurs and giving them a strong business foundation.
Recent investments by Innovation Works shows and proves that what they do, their services and their aim is not just a word of mouth but can be visibly seen. These investments includes; Zoobean, pathVu, RealX, Symmetric health solutions, Sherpa, among others.
Finally, IW also help in the recruitment of young innovators for companies that will result in an attractive and a diverse workforce.
Pros
- Innovation Works offer programs that nurtures entrepreneurs from the moment the business idea stage to a point where these businesses are sustainable.
- Innovation Works is the single largest investor in seed-stage ventures in the southwestern region of the United States.
- IW also provides the necessary resources needed by manufacturers to develop and adopt new technologies.
- IW is equipped with a team of experts who offer their experiences and expertise in developing young entrepreneurs.
Cons
- The only disadvantage I can point out is that IW services are mostly concentrated in the southern part of the United States, not even the whole of United States as a whole not to talk of globally to other countries that are in need of their services.
