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Innovation Works

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Rich Lunak has distinguished himself as a successful serial entrepreneur, corporate executive and investor. Early in his career, Rich was a successful technology entrepreneur/inventor who built one of Pittsburgh's most successful and enduring technology start-ups. He helped lead a healthcare robotics company from a three-person start-up to an acquisition by McKesson Corporation, the nation's 16th largest company. At McKesson, Rich was the architect of several disruptive growth strategies that helped McKesson launch businesses that became market leaders in multiple segments. Rich’s success catapulted him to being the youngest executive on McKesson's Corporate Operating Team. As Group President, McKesson Automation, Rich led five autonomous business units that served more than 13,000 customers, generated hundreds of million in revenues and managed more than 1,800 employees with operations in four states. He was responsible for all aspects of the businesses including acquisitions, sales, marketing, R&D, manufacturing and service. Under Rich's leadership, McKesson Automation developed breakthrough products that are installed in leading healthcare providers around the world.

Rich is currently President & CEO of Innovation Works, one of the nation's most active early-stage technology investors. Rich is also a Managing Director with Riverfront Ventures. In these roles, Rich leverages his experience as a successful entrepreneur to provide strategic business advice and investment capital to high-growth technology companies. Since 2000, Innovation Works has invested in more than 160 technology start-ups which have gone on to raise more than $1.6 billion in venture investment and represent many of the fastest growing companies in southwestern Pennsylvania.

A technologist as well as an entrepreneur, Rich Lunak received a Bachelor's Degree in Electrical and Computer Engineering from Carnegie Mellon, a Master's Degree in Business Administration from the University of Pittsburgh, and holds several U.S. patents. He is a guest lecturer at the University of Pittsburgh and Carnegie Mellon and is a member of numerous Boards of Directors. He is a winner of the 2012 Ernst and Young Entrepreneur of the Year Award and the 2008 Carnegie Science Center entrepreneur's award.

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