Ben News
New VP At Philly Chamber Is A Former Tech Industry Pro Who’s All About Building Relationships
After 10 years at Ben Franklin Technology Partners, Jason Bannon left to bring lessons on collaboration to other business sectors. For Jason Bannon, relationship building is what makes the Philly tech ecosystem special. The marketing pro recently left his role as VP of marketing and communications at Ben Franklin Technology Partner of Southeastern PA after 10 years […]
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... Read More >Philly Is on the cusp of marrying innovation with inclusion — finally!
Thanks in part to the EDA Tech Hub bid, the pieces are lining up for a major surge in equitable regional growth. Every time I drive home from my Navy Yard office, I wave to the sparkling University City buildings and the many cranes, as I know the innovations they are sparking are going to […]
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... Read More >Statewide Venture Fund Makes First Investments
Four months after taking the field, a statewide venture fund is taking its first shots. The so-called GO PA Fund has invested in two companies, a financial technology firm based in Swarthmore and an advertising tech company based in New York, albeit with roots and some operations in Philadelphia. The fintech company is LoanStar Technologies, which […]
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... Read More >Philly Power Moves: You Might Recognize These Names On Cherelle Parker’s Transition Team
Plus, state gov has a new chief information security officer, Exyn Technologies announced its new CEO, and more local leadership changes. With just a few weeks to go before her tenure begins, Mayor-Elect Cherelle Parker announced the members of her transition team last week. This includes a leadership team, senior advisors, a steering committee, 13 sub-committees and a transition […]
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... Read More >Fulton Bank Commits $10 Million To PA Growth-Stage Technology Companies Fund
The fund will primarily invest in follow-on investments selected from over 600 current and future portfolio companies of the statewide network of four Ben Franklin Technology Partner entities, (collectively, the “Ben Franklin Network”). Fulton Bank, N.A., a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), today announced it is investing up to $10 million in the […]
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... Read More >The New $28M GO PA Fund Means Collaboration Between All 4 Ben Franklin Tech Partners, Led By Philly
The fund comes amid a uniquely innovation-minded moment for Pennsylvania, said Scott Nissenbaum, head of the statewide org’s southeastern arm. Ben Franklin Technology Partners of Southeastern Pennsylvania is leaning into statewide collaboration with the other Bens and state government with the new Global Opportunity Pennsylvania (GO PA) Fund II. The Philadelphia-area arm of the state-backed investment network announced […]
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... Read More >Ben Franklin Technology Partners Has Closed On $28M As Part Of Largest-Ever Fund
Ben Franklin Technology Partners has raised its largest ever amount of capital, securing $28 million towards its $100 million statewide fund in a bid to retain and grow startups in Pennsylvania. The Global Opportunity Pennsylvania Fund, or GO PA Fund II, follows the $24.3 million GO Philly Fund Ben Franklin Technology Partners closed in 2019. The GO […]
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... Read More >What The 2023 Nucleus Awards Winners Hope For Philly’s Innovation Future
Local leaders Dr. Daniel Skovronsky, Margaret Berger Bradley, Sheila Ireland and Sulaiman Rahman were honored at the Science Center’s annual fête. Philly has the talent to succeed as an innovation hub, but its people and organizations need to believe in themselves more to make it happen. This was one of the themes discussed by leaders […]
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... Read More >Investment Deals Slow For Ben Franklin Technology Partners In ‘Tightened’ Capital Market.
Investments by Ben Franklin Technology Partners of Southeastern Pennsylvania in fiscal year 2023 reflected a slow capital market, and CEO Scott Nissenbaum said more of the same could be coming. Ben Franklin receives state funding, so it isn’t as pressured by external market conditions as a traditional venture capital firm, but it still saw fewer companies raising […]
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... Read More >Two Philly-Area Groups Vie For New Federal Regional Tech Hub Designation
Under the CHIPS and Science Act, the U.S. Commerce Department will award 20 or more winning regions $50 million to $75 million to create globally competitive industry clusters. Two Philly-area groups focused on biotechnology and precision medicine want to win a new federal designation as regional tech and innovation hubs under a U.S. Department […]
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