The Innovation Space
AcceleratorWilmington · Pre-Seed–Seed · 29 people tracked
Find your way into The Innovation Space
1,087 people in our graph share verified history with the The Innovation Space team — schools, employers, funds. One of them is your warm intro.
Investment thesis
The Innovation Space helps early-stage, science-based startups grow by providing access to state-of-the-art laboratory space and scientific equipment, expert coaching, and connections to partners and investors. It targets life science, clean technology, and advanced materials companies in the Mid-Atlantic region. Through The First Fund, it offers up to $200k in investment resources combining cash, business-building expertise, and lab access. Additional programs include Spark Factory, a virtual pitch and mentoring event for new founders, and the Science Inc. accelerator, a cohort-based virtual program for early-stage science startups. The organization emphasizes community, curated events, and hands-on support to help founders scale.
Source: firm website, verified Aug 3, 2026.
Team · 29 people
from the firm's website
Founder mafia
4 people who came through The Innovation Space went on to found or lead other companies.
What they invest in
from 87 of 109 portfolio companiesBiotech ×44Healthtech ×34Deep Tech ×25New Materials ×24Medical Devices ×22Cleantech ×19Hardware ×13Advanced Manufacturing ×9
HQs:United States×40Australia×1Canada×1China×1Israel×1Türkiye×1
Who they back
founder profiles across 51 portfolio companiesFounding team size:solo founder×232 founders×213 founders×54+ founders×2
Where their founders studiedfrom 52 founders with education data
Harvard University ×3Duke University ×2Georgia Institute of Technology ×2Indian Institute of Technology, Madras ×2New Jersey Institute of Technology ×2Northwestern University ×2Stanford University School of Medicine ×2The Ohio State University ×2
What their founders studiedfrom 56 founders with field-of-study data
Engineering ×20Life Sciences ×12Chemistry ×11Business & Management ×9Medicine ×6Finance & Accounting ×5Computer Science ×4Economics ×3
Where their founders worked beforefrom 55 founders with career history
University of Delaware ×5Agilent Technologies ×2Clarkson University ×2Hebrew University ×2LOGISTIKOS ENGINEERING LLC ×2University of Colorado Boulder ×2University of Pittsburgh ×2Yale University ×2
28 founders hold a PhD · 9 hold an MBA (of 57 with degree data)
Portfolio companies · 109 tracked
alumni founders can tell you what the program is really likeBy year:2026 · 12024 · 22023 · 12022 · 62021 · 111 dated
Prelude Therapeutics is a precision oncology company developing cancer treatments for areas of high unmet need, with a pipeline including selective KAT6A degraders and mutant-selective JAK2V617F JH2 inhibitors.
BiotechHealthtechNewark, US
Krishna Vaddi(Executive Officer, Director)
BoardDavid Bonita(Director of Issuer)inPaul Friedman(Director of Issuer)
Co-investorsOrbiMed
4th Phase Technologies develops a chemically densified carbon nanotube (DCN) membrane sheet used for filtering chemicals from liquids, with applications ranging from hazardous waste treatment to water purification.
CleantechDeep TechNew MaterialsWilmington, US
Adesis provides contract chemistry services, including custom synthesis and process development for complex molecules, high-purity monomers, deuterated compounds, peptides, oligonucleotides, and custom linkers.
Advanced ManufacturingBiotechNew Materials
Scott Knorr(President and General Manager)in
AirJoule develops sorption-based atmospheric water harvesting technology that extracts water from air, positioned to cool next-generation data centers and address water constraints in water-stressed regions.
CleantechClimate TechDeep TechNewark, US
Matt Jorein
Co-investorsRaptor Group
Ajaya Bio develops bispecific therapies designed to eliminate disease-driving cells while sparing healthy ones, using its BOLT-360 discovery platform built around hybrid binders, precise activation, and advanced linkers.
BiotechDeep TechPhiladelphia, US
Mohit S.(Founder)inMohit Sachdeva(Executive Officer, Director)in
Co-investorsBen Franklin Technology Partners
Akero develops engineered protein therapies for metabolic diseases, particularly MASH (metabolic dysfunction-associated steatohepatitis) and other conditions with high unmet medical need.
BiotechHealthtechMedical Devices
Co-investorsAtlas VentureForesite CapitalFrazier Life SciencesScion Life SciencesvenBio PartnersVersant Ventures
Ally Power is a hydrogen production startup developing hydrogen and electric refueling stations, including a project in the Philippines and partnerships in the UAE.
CleantechClimate TechEnergyMaryland, US
Walt(Founder)Hadeel Ibrahim(Chief Strategy Officer)inSolomon Saul(Director)Thomas Mierzwa(Director)
Aloe Therapeutics develops AIM-001, a localized cell-based immunotherapy implanted at a tumor site during biopsy or resection surgery to activate the immune system and make patients more responsive to checkpoint immunotherapy.
BiotechHealthtechDarnestown, US
Martha Sklavos(Executive Officer, Director)in
Amalgent is a clinical-stage pain management company developing oral combination drug therapeutics that repurpose existing medications to improve the safety of severe pain treatment.
BiotechHealthtechChapel Hill, US
Sam Tetlow(Co-founder, President & Executive Chair)inMalcolm Meyn(Co-founder & Chief Scientific Officer)inGerald(Chief Medical Officer)Andrew(Chief Finance Officer)in
Antelope Surgical Solutions develops multimodal small-molecule radioligand agents that bind to cancer cells for diagnostic, radiotherapeutic, and fluorescence-guided surgical use, making tumor margins visible to surgeons during operations.
BiotechHealthtechMedical DevicesNew York, US
Amy Wu, MD, FACS(Founder)in
Anvigen develops biodegradable polymer-based microcapsules that can encapsulate chemical additives, bacteria, pheromones, and fertilizers after synthesis.
AgTechCleantechNew Materials
Dr. Sumedh P. Surwade(Founder and CEO)in
APASOMICS develops Apasomes, a drug delivery system using hydroxyapatite nanospheres designed to deliver bone-targeting medications like bisphosphonates more effectively while reducing side effects, for patients with osteoporosis and other bone diseases.
BiotechDeep TechMedical Devices
Mavis Montero Villalobos(CEO & Co-Founder)
Co-investorsGRIDX
Applied Atomics develops, builds and operates 100 MW-1 GW light-water nuclear plants co-located with industrial customers.
Ben Kellie(Founder)in
Co-investorsApollo Informal InvestmentElevate VenturesHEC Paris IncubatorInnovation UBCInventures Investment PartnersLotte Ventures+7 more
Ardan Pharma is a biotech company developing small-molecule modulators of the TMEM176A/B cation channel as a targeted cancer immunotherapy for oncology indications with unmet medical needs.
BiotechHealthtechDelaware, US
Online casino and sports betting platform operating in Turkey, offering slot games, live casino, and esports betting with mobile and web-based access.
ConsumerGamingIstanbul, TR
Ballydel Technologies develops novel materials and manufacturing processes for use in pharmaceutical, defense, energy, and consumer goods applications.
Advanced ManufacturingDeep TechNew Materials
Miist develops inhaled microparticle therapeutics that deliver medicine to the bloodstream in 30 seconds, targeting conditions like migraine, pain, and anxiety where rapid onset is critical.
BiotechHealthtechMedical DevicesAlameda, US
Eric Ezerins(Cofounder, Head of Technology)inDalton Signor(Cofounder, CEO)inRandy Krebs(Executive Officer)Jeffrey Schuster(Chief Technology Officer)inEvan Alfano(Director)
Co-investorsFREEFLOW
Philadelphia, US
Joanne Norris(Executive Officer, Director)Nick Martin(Executive Officer, Director)inJo Norris(Cofounder)
BoardAmy Duffuor(Director)in
Co-investorsAzolla VenturesGaingelsPlug and Play VenturesRise of the Rest Seed
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Cartwheel makes lice-treatment and related personal care products for children, formulated with tested ingredients and marketed as safe and natural.
ConsumerDirect to ConsumerWellness & Fitness
Joanna Shu(Co-Founder & CEO)inLisa Malina(CFO)in
Co-investorsAggie Angel Network
Cell BioEngines is a clinical-stage biotech company developing allogeneic "off-the-shelf" cell therapies from "super donor" stem cells, using transgene-free scalable manufacturing and HLA-guided design.
BiotechHealthtech
Ajay Vishwakarma(Founder)inAlexey Bersenev(Founder)in
Cellergy Pharma develops immunotherapies for patients with severe allergic disease and cancer.
BiotechHealthtech
Ronald Dudek(President & Founder)Mark Ma, PhD(CSO & Founder)Chris Cano(Chief Executive Officer)
Chiima Therapeutics is a biotech company developing first-in-class, non-hormonal therapies for women's health conditions with unmet needs, including endometriosis, pre-term labor, and PCOS.
BiotechFemTechHealthtech
Clean Valley develops modular biofilter and hatchery systems for land-based aquaculture, aimed at improving production, sustainability, and community impact for farmers.
AgTechCleantechClimate TechUnspecified, CA
Nicholas LaValle(Founder & CEO)inHunter Bishop(Co-Founder & CTO)in
CocoaFiber converts cocoa pod husks from chocolate production into regenerated cellulose textile fibers using a proprietary wet-chemistry process.
Advanced ManufacturingCircular EconomyNew Materials
Shannen-Kaylia Henry(Founder · Inventor · Lead Process Developer)in
FortisKap makes a fingerprint-secured connected cap for standard prescription vials that logs who opens a medication, when, and how many pills remain, producing time-stamped adherence data.
Digital HealthHardwareMedical DevicesMiddletown, US
Joseph W. White(Executive Officer, Director)inAlexander M. Colton(Executive Officer, Director)inPhilip McBride(Engineering Lead / CosmosRx Software)inMelissa(Commercialization Executive)in
BoardBart Edmunds(Director)Christian Colton(Director)
Crystron Tech publishes technical analysis of lithium iron phosphate (LFP) battery cathode manufacturing, examining how the olivine crystal structure drives process and quality-control complexity across cathode active material production.
Deep TechEnergyNew Materials
Cyta Therapeutics develops polymer-based nanogel therapeutics (IntelliGels) to treat obesity, NASH, type 2 diabetes, and metabolic disorders.
BiotechHealthtechMedical Devices
Bernadette C. Fendrock(Chief Executive Officer, founder)W. Stephen Faraci(Chief Scientific Officer, founder)S. Thayumanavan(Co-founder)
Dunya Analytics offers enterprise risk analytics software that assesses businesses' impacts and dependencies on local ecosystems, helping companies identify nature-related vulnerabilities, prioritize investments, and produce disclosures.
Climate TechData & InfrastructureSaaSWilmington, US
Megan Pillsbury(Founder & CEO)inDr. Rebecca Stern(Chief Science Officer)
BoardB. Holt Thrasher(Director)
Co-investorsKDX
Eco Carbon converts post-consumer plastic waste into porous carbonaceous materials such as activated carbon, molecular sieves, and graphite for industrial applications.
Circular EconomyCleantechNew MaterialsBala Cynwyd, US
Ecovaleric develops electrochemical manufacturing technology to produce biomass-derived chemicals and materials, including solvents, polymers, and fuel additives, at competitive cost and lower emissions.
CleantechNew Materials
Elven Technologies develops FireGuard™, a fireproof composite material that withstands temperatures up to 2000°C, for use in transportation, construction, aerospace, and specialized applications requiring fire and heat protection.
CleantechHardwareNew MaterialsSacramento, US
Farid Ismayilzada(Chief Executive Officer)in
EndoShunt develops a catheter-based device to control hemorrhage in traumatic vascular injuries, featuring a length-adjustable occlusion zone, temporary deployment, and an atraumatic tip.
HardwareHealthtechMedical DevicesLincoln, US
Michael Finn-Henry(President and Member of Board of Directors)inJeremy Levin(Director)
BoardMilad Behbahaninia(Member of Board of Directors)Olivia Busk(Member of Board of Directors)
Co-investorsNew York AngelsOcterra Capital
Ephemeron Labs provides hardware and software accessories that add EBIC (electron-beam-induced current) measurement capability to scanning electron microscopes, including sensitive preamplifiers, sample interfacing and shielding, and a scan controller.
Deep TechHardwareSemiconductors
Terrence McGuckin(Founder)in
Exprimary develops bioanalytical instrumentation and assay products at reduced cost for research and diagnostic markets.
BiotechDigital HealthMedical DevicesRockville, US
Sean Higgins(Executive Officer, Director)Holly Atlee(Executive Officer)Scott Stelick(Executive Officer)
Flow Medical develops technology for catheter-directed thrombolysis treatment of pulmonary embolism, aiming to improve precision in lytic medication dosing to reduce readmission rates.
Digital HealthHealthtechMedical DevicesChicago, US
Jonathan Paul(Co-Founder, Chief Scientific Officer)inOsman Ahmed(Co-Founder, Chief Medical Officer)in
Co-investorsEverywhere VenturesHARPER COURT VENTURES
GeneLancet develops proprietary LgRNA technology for precise gene editing, with applications in CRISPR polymerase-directed therapies targeting neurodegenerative diseases and cancers with unmet medical needs.
BiotechDeep TechHealthtech
Harmony Pharma Group provides CMC (chemistry, manufacturing, and controls) consulting for small molecule and antibody drug conjugate development, offering technical, regulatory, and quality strategy from early bench work through clinical stages to commercialization.
BiotechHealthtech
HARTLON manufactures a drug-eluting resorbable vascular stent that provides temporary radial support to arteries during disease treatment and dissolves after healing is complete, leaving the artery in its natural state.
Medical DevicesNewark, US
ImmunoBlue develops nanoimmunotherapies for cancer treatment by combining nanotechnology and immunotherapy.
BiotechDeep Tech
Rohan Fernandes, PhD(Founder, CSO)Lizie Sweeney, PhD(CEO)inVarnika Roy, PhD(Head of Development)
InveriTek provides high-throughput chemical screening using freshwater planarians, detecting systemic toxicity, neurotoxicity, and ecotoxicity through behavioral phenotyping in whole organisms.
BiotechCleantech
KinectXions works with strategic partners to develop and commercialize sustainable products, focusing on manufacturing technology to improve performance and lower cost.
Advanced ManufacturingCleantechClimate TechNew Materials
KiposTech develops a filterless, chemical-free air biosecurity system for confined animal agriculture that eliminates airborne pathogens and gives livestock producers visibility into air quality.
AgTechClimate TechHardware
Hema Ravindran(Co-founder & CEO)inRaj Singh(Co-founder, Product Design and Innovation)in
Lakril develops catalytic technologies to convert biomass into renewable chemicals for use as alternatives to petroleum-derived building blocks.
Circular EconomyCleantechDeep TechNew MaterialsChicago, US
Christopher P. Nicholas(Founding Partner / CTO / Director)inPaul J. Dauenhauer(Founding Partner & Chief Technical Advisor)inJustin Brown(CEO / Director)in
BoardLisa Dufresne(Director)inMel Luetkens(Director)inAndy Shafer(Director)in
Co-investorsEvergreen Climate InnovationsService Provider Capital
Lara DaTx is a company focused on developing targeted treatments for unmet medical needs.
Biotech
LayerMetrics develops opto-photonic sensing and metrology technology for real-time optical measurement and process control.
Advanced ManufacturingDeep TechHardware
Clare(Owner & Co-Founder, CEO)inDom(Co-Founder & CTO)in
Co-investorsLaunch NY
Lectrolyst develops patented electrolyzer technology that converts carbon dioxide emissions into multi-carbon chemicals such as acetate and ethylene, partnering with carbon emitters and chemical consumers to produce everyday products including edible protein and plastics.
CleantechClimate TechDeep TechFoodTechNew MaterialsWilmington, US
Greg Hutchings(Co-founder & President)inFeng Jiao(Co-founder & Scientific Advisor)in
Leda provides self-administered DNA testing kits and related services for individuals who have experienced sexual assault, aiming to improve evidence collection and support for survivors.
HealthtechImpact & Social GoodBrooklyn, US
Liesel Vaidya(Executive Officer, Director)inMadison Campbell(Executive Officer, Director)in
Co-investors2B.VCCalm/Storm VCHypothesisStone Mountain VenturesGaingelsHelm+1 more
LisenID develops a molecular diagnostics test and platform that uses Loss of Imprinting (LOI) epigenetic biomarkers combined with AI to detect and predict cancer from routine tumor biopsy samples across multiple cancer types.
AI & Machine LearningBiotechHealthtech
Dr. Ning Zhou(Co-Founder and Chairman)Dr. Tina Cheng(Co-Founder and CTO)Hannah Zhou(Partner & CEO)in
Livestock Labs sources and engineers stable, controllable cell lines that serve as the starting material for next-generation animal products such as cultivated meat, leather, and cosmetics.
BiotechDeep TechFoodTech
Andrew Sayles(Founder)in
LORAI Health develops next-generation transdermal drug delivery technologies for medicines such as hormones, pain therapies, and neurological treatments, with a focus on reliable delivery, patient comfort, and manufacturing resilience.
BiotechHealthtechMedical DevicesAustralia, AU
Raisa Monteiro(Co-founder & Chief Executive Officer)inJohanna Wicks(Co-founder & Chief Communications + Partnerships)in
Materium Technologies applies machine learning and materials science to develop sustainable nanocomposite films for advanced technology applications.
AI & Machine LearningDeep TechNew Materials
Scott Daniel(Co-Founder)inSheldon Fereira(Co-Founder)inSneha Sreekumar(Co-Founder)inMatt Healy(Chief Strategy Officer)
Miterro produces bio-based, water-degradable alternatives to polyvinyl alcohol (PVA) for use in consumer and industrial products, replacing microplastics and conventional plastics.
Circular EconomyCleantechNew Materials
Robert Luo(Founder)in
Co-investorsAstanor VenturesLair East Labs
MicroMGx runs a high-throughput natural product discovery process that combines metabolomics and genomics (metabologenomics) to find bioactive compounds produced by microbes, supplying patented natural products to life science R&D organizations.
AgTechAI & Machine LearningBiotechDeep TechEvanston, US
Regan Thomson(Co-founder & Board Member)inWilliam Metcalf(Chairman of the Board and CoFounder)Jack Kloeber(CEO and Co-Founder)inNeil L. Kelleher(Co-founder)Jennifer Kelleher(COO and Corporate Secretary)
BoardAnthony Goering(Director)
Co-investorsAg Ventures AllianceAgLaunch Accelerator
Minus Filtration develops nanofiltration technology to purify water by removing contaminants while preserving essential minerals.
CleantechClimate Tech
Muse Engine develops rapid injection molding services using patented injection printing technology that can produce production-quality plastic parts within hours.
Advanced ManufacturingDeep TechHardwarePhiladelphia, US
Benjamin Legum(Chief Executive Officer)inJennifer Vondran(Chief Operations Officer)inJody Strausser(Chief Technology Officer)in
Mykito Sciences manufactures vegan, non-animal chitosan for medical, pharmaceutical, food, and industrial applications using advanced analytical facilities and GMP quality systems.
BiotechCleantechNew Materials
Nanotherm Therapeutics develops a thermal ablation method for treating solid tumors, using nanoparticle activation to deliver targeted, contact-less heating in an image-guided, 2-step workflow.
BiotechHealthtechMedical Devices
Andreas Jordan(CEO & Founder)Jan-Marc Lieskovsky(CBO)Gernot Sklenofsky(CFO)
Napigen is a biotechnology company developing genome editing technology targeting the mitochondrial and chloroplast genomes.
AgTechBiotechWilmington, US
Co-investorsRA CapitalGrantham FoundationMarsBio
NervMyo Therapeutics develops a long-acting injectable delivery system combining a FDA-approved biologic (IGF-1) to improve nerve regrowth and prevent muscle wasting following peripheral nerve injury.
BiotechHealthtechMedical Devices
Erica(CEO + Co-Founder)Sami(Co-Founder)
Neuronity develops therapies that enhance immune cell activity in the aging brain to prevent neurodegenerative disease progression.
BiotechHealthtechLongevity
Hyun Joon Lee(Founder)in
NEVAP develops airway management devices, including a subglottic suction endotracheal tube designed to drain tracheal secretions and reduce the risk of ventilator-associated and other pneumonias in ventilated patients.
HardwareHealthtechMedical Devices
Benjamin Richard Wang MD(Founder)in
NiKang Therapeutics is a clinical-stage biotechnology company developing small molecule drugs for cancer, using structure-based drug design against targets such as HIF2α, CDK2, KRAS, and SHP2.
BiotechHealthtechWilmington, CN
Yan Lou(Founder)inZhenhai Gao(President, CEO, and Secretary)Hong (Kelsey) Chen(Chief Financial Officer)
BoardGary Yeung(Director)Ting Jia(Director)Roderick Wong(Director)
Co-investorsEcoR1 CapitalLAVLilly Asia VenturesRA CapitalSamsara BioCapitalLogos
NKA Bio develops antibody-based medicines for critically ill and trauma patients to extend survival time during medical emergencies.
BiotechHealthtechMedical DevicesBaltimore, US
Lewis C. Hibbs(Executive Officer, Director)Les E. Johnson(Executive Officer, Director)Susan G. Hibbs(Executive Officer, Director)
Co-investorsTechstars
NKILT Therapeutics is a cell therapy biotech developing engineered immune cells, starting with natural killer (NK) cells, to target leukemias and solid tumors.
BiotechDeep TechHealthtech
Henri Bayle(Founder)in
Novaurum Biosciences develops nanotechnology-based coatings for medical devices and implants, using atomic layer deposition and a proprietary cell-based coating to improve biocompatibility, reduce infection, and support tissue integration.
BiotechMedical DevicesNew MaterialsSomerville, US
NucleoTech engineers BrainPortal carrier proteins that attach to therapeutic antibodies and oligonucleotides and transport them across the blood-brain barrier non-invasively, using a direct in vivo screening platform to test many candidates simultaneously.
BiotechDeep TechHealthtech
Uriah Bekenstein(Co-Founder & CEO)inNaftali Cohen(Co-Founder & CBO)Adi Koplovitz(Co-Founder & COO)inShachar Dagan(Head of Research)in
ODIN Materials is a materials research company investigating material systems built from agricultural feedstocks, carbon materials, composites, and energy storage inputs, with an emphasis on hands-on experimentation and repeatable development.
AgTechDeep TechNew Materials
Oncoxome develops an oral delivery platform for cancer therapies that targets tumor cells directly with minimal off-target toxicity.
BiotechDeep TechMedical DevicesNorth Hollywood, US
Auriane Gamelin(Executive Officer, Director)Laurence Gamelin(Executive Officer, Director)Erick Gamelin(Executive Officer, Director)
PLHYDE creates plant-based leather from fruit and vegetable waste for use in footwear, automotive, and other industries, positioning it as a plastic-free alternative to conventional leather.
Circular EconomyCleantechNew Materials
PriZm Tx develops treatments for rare genetic disorders, with a focus on MCT8 Deficiency (AHDS), an ultra-rare condition affecting boys.
BiotechHealthtech
Quantum Copper develops halogen-free, lightweight fire-retardant battery components — including separators, current collectors, and casings — based on self-extinguishing ionic polymers to improve the fire safety of lithium-ion batteries.
CleantechEnergyNew MaterialsLas Vegas, US
Rahul Harkawat(CEO & Founder)inDavid Irvin(CTO)inJohn E. Minnick(Chief Operations Officer)in
Ren BioScience develops small-molecule therapies aimed at preserving organ function, including an oral lead compound for inherited retinal diseases and preclinical programs targeting acute kidney injury and mitochondrial-driven metabolic and autoimmune conditions.
BiotechHealthtech
Ray Stevens(Chief Executive Officer)inDale Bennyhoff(Chief Operating Officer)inDr. Stewart McCallum(Chief Medical Officer)
Riboway Therapeutics develops RNA-targeting technology powered by AI to control protein expression for therapeutic purposes.
AI & Machine LearningBiotechCambridge, US
Score Pharma is a biotech company developing biosuperior antibody therapeutics aimed at cancer treatment.
BiotechHealthtech
Serentrix is a biotech company developing targeted small-molecule therapies for pain relief that aim to avoid the addiction risks associated with existing painkillers.
BiotechHealthtech
Kumaril Bhargava(Founder)inPeter Sol Reinach(Chief Scientific Officer)Glen Frick(Chief Development Officer)
SILVEX applies a conductive coating to textiles that provides electromagnetic field shielding while maintaining the fabric's original feel and appearance.
Deep TechHardwareNew Materials
Sindri Materials develops a scalable production process for ultra-high-quality monolayer graphene with low contamination and defects.
Advanced ManufacturingBiotechDeep TechNew MaterialsWilmington, US
David DiMarco(Executive Officer, Director)Brian Checchio(Executive Officer, Director)Christopher DiMarco(Executive Officer, Director)inFrancis DiMarco(Executive Officer, Director)
Sironix Renewables is a Seattle-based manufacturer of plant-based, high-performance molecules and surfactants made from agricultural waste, intended to replace petrochemical ingredients.
Circular EconomyCleantechNew MaterialsSeattle, US
Christoph Krumm(CEO & Co-Founder)inPaul Dauenhauer(Co-Founder)inShawn Eady(CTO)inEllen Murphy(Head of R&D)in
Co-investorsOval Park Capital
Sonogen Medical develops a portable, connected home device for bone growth stimulation to help treat bone fractures, offering shorter daily usage sessions and healing feedback.
Digital HealthHardwareMedical DevicesChevy Chase, US
Alan Winder(Founder & Inventor)Jason Winder(CEO)inRobert Muratore(CSO)inPeter(Engineering Director)inFrank Schugar(Executive Officer)
Co-investorsMaryland TEDCOOld Line Capital Partners
STM develops microneedle patch technology for painless, temperature-stable delivery of drugs, vaccines, and supplements to humans, animals, and for nutraceutical applications.
Deep TechHealthtechMedical Devices
Jasdeep Singh(Co-Founder & CEO)inThanh Duc Nguyen(Co-Founder & CTO)in
Surftec Engineering develops and manufactures specialized surface coatings including low-friction, anti-corrosion, anti-icing, anti-fouling, and mold release formulations.
Advanced ManufacturingDeep TechNew Materials
A drug discovery company founded by an experienced medicinal chemistry team with expertise in successful pharmaceutical development and clinical advancement.
BiotechDeep TechMedical DevicesWilmington, US
Liangxing Wu(Executive Officer, Director)inWenqing Yao(Executive Officer, Director)inTing Feng(Director)
BoardReid Huber(Director)in
Co-investorsNextech InvestThird Rock Ventures
Torev Motors develops high-performance electric motors that do not rely on rare-earth materials, using alternative electromagnetic architectures aimed at manufacturability and scale.
Defense TechHardwareMobility & TransportationArlington, US
Rory Brogan(Founder)inRoderick Brogan(Executive Officer, Director)
Co-investorsGula Tech Adventures
Unsmudgeable develops a PFAS-free anti-smudge lens coating that eyewear manufacturers can apply to lenses for long-lasting, smudge-resistant clarity.
Advanced ManufacturingHardwareNew Materials
Swarna Shiv(Founder/CEO)Ria Shah(Co-Founder/CGO)in
VeraMorph is a drug delivery company that has developed a proprietary oral drug delivery platform used to improve solubility and clinical translation of poorly soluble compounds.
BiotechMedical DevicesMansfield, US
Paul D. Godfrin(Executive Officer, Director)Doug Godfrin(Founder, CEO & President)in
Versogen develops anion exchange membrane (AEM) electrolyzers that produce green hydrogen at scale for decarbonizing the energy, chemical, and manufacturing sectors.
CleantechClimate TechEnergyWilmington, US
Yushan Yan(CEO and Co-Founder)inJunhua Wang(Chief Scientist and Co-Founder)inLan Wang(China Market Manager and Co-Founder)inBrian Setzler(Senior Chemical Engineer and Co-Founder)inKeda Hu(Senior Chemist and Co-Founder)inBalsu Lakshmanan(Chief Technology Officer)in
Co-investorsPangaea Ventures Us Inc.TechEnergy Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AcrobiosystemsAneurystCarbovoltCrosshair TherapeuticsDelaware Polymer R & DDiscova HealthExtravebioscienceGraftablebioImmunovxLignolixManglovohealthMargikMCETNitro BiosciencesSAS Smart, Advanced, Sustainable Nanotechnologies TextTavotekThepennycresscompanyZv Nm
Exits · 1
1 IPOsPrelude TherapeuticsNASDAQ: PRLD
Portfolio news
latest coverage across their companiesPrelude Therapeutics · dailypolitical.com · Jul 18, 2026
Ajaya · business-standard.com · Jul 14, 2026
Lectrolyst · news.delaware.gov · Nov 13, 2025
Livestock Labs · delawarebusinesstimes.com · Oct 6, 2025
Endoshunt · mhub.org · Apr 30, 2025
Unsmudgeable · superpowers4good.com · Apr 9, 2025
Frequently asked questions
- How many investments has The Innovation Space made?
- The Innovation Space has 109 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does The Innovation Space invest at?
- The Innovation Space invests at the Pre-Seed, Seed stages.
- What is The Innovation Space's typical check size?
- The Innovation Space typically writes checks of $200K.
- What sectors does The Innovation Space focus on?
- The Innovation Space focuses on Biotech, Cleantech, Climate Tech, Deep Tech, Healthtech, New Materials.
- Where is The Innovation Space located?
- The Innovation Space is headquartered in Wilmington, US.
- Does The Innovation Space lead rounds?
- The Innovation Space typically participates in rounds rather than leading them.
- Who does The Innovation Space co-invest with?
- The Innovation Space most often shares deals with Atlas Venture, Maryland TEDCO, Techstars, among 49 tracked co-investors.
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