The Philadelphia Collaborative is a broad-based regional effort to create and grow life sciences companies in the Philadelphia area. This effort encompasses public and private initiatives in areas such as creating additional collaborative and early stage company work space in University City; attracting additional life sciences venture firms to Philadelphia; raising additional capital dedicated to investment in local life sciences companies; building collaborations among the academic centers in the area; and encouraging and assisting in developing and growing numerous other initiatives to encourage company creation and growth.