BIOADVANCE CAPITAL BIOADVANCE WAS ESTABLISHED IN 2001 AS ONE OF THREE LIFE SCIENCES GREENHOUSES FUNDED WITH A SHARE OF PENNSYLVANIA'S NATIONAL TOBACCO SETTLEMENT REVENUES, TO PROMOTE HUMAN HEALTH BY SUPPORTING BIOMEDICAL INNOVATION IN THE SOUTHEASTERN PA REGION. BIOADVANCE DEDICATED $25 MILLION OF THE ORIGINAL GRANT FUNDING FOR PRE-SEED AND EARLY-STAGE FUNDING TO HELP MOVE TECHNOLOGIES TO THE NEXT STAGE OF DEVELOPMENT AND TO SUPPORT THE INITIATIVES INTENDED TO INCREASE THE REGION'S STRENGTH IN BIOMEDICAL INFORMATICS AND CLINICAL TRIALS. SINCE THE ORIGINAL GRANT FUNDING WAS EXPENDED, BIOADVANCE CONTINUES TO SUPPORT EMERGING LIFE SCIENCES COMPANIES IN SOUTHEASTERN PA AND THE SURROUNDING MID-ATLANTIC REGION THAT ARE FOCUSED ON TECHNOLOGIES TO IMPROVE HUMAN HEALTH. AS OF JUNE 30, 2024, A TOTAL OF $72.7 MILLION HAS BEEN INVESTED BY BIOADVANCE IN 114 COMPANIES AND ACADEMIC TECHNOLOGIES.
Annual Revenue
$7,128,753
Known Funders
0
Grants Received
0
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $7,128,753 | $2,624,935 | $81,128,530 |
| 2022 | $1,586,292 | $2,508,519 | $81,948,557 |
| 2021 | $2,523,586 | $2,278,521 | $73,104,917 |
| 2020 | $2,931,752 | $2,412,456 | $80,190,811 |
| 2019 | $12,959,074 | $2,328,525 | $78,551,910 |
| 2018 | $2,558,906 | $2,427,191 | $66,045,472 |
| 2017 | $2,635,201 | $2,254,734 | $60,326,743 |
| 2016 | $2,547,864 | $2,048,992 | $60,962,570 |
Top Funders
No funder data available yet for this nonprofit.
Key Personnel
From 2023 IRS 990 filing
SHAHRAM HEJAZI
CEO & MANAGING DIRECTOR
JEN GILBURG
DIRECTOR
PHILIP GERBINO PHARMD
DIRECTOR
JOHN GILL
DIRECTOR (THRU 2/24)
ROY M ROSIN
DIRECTOR (EFF 2/24)
LAUREN LENFEST
DIRECTOR
STEVEN NICHTBERGER MD
DIRECTOR
BARBARA S SCHILBERG
DIRECTOR
J LARRY JAMISON MD PHD
DIRECTOR (THRU 12/23)
FREDERICK JONES
VP (SECRETARY THRU 6/1/24)
Showing 10 of 14 key personnel.
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