Startup Ecosystem
Philly Money Moves: The Enterprise Center’s Innovate Capital Growth Fund Gets $5M Investment
Plus, Verizon awards $50,000 to two Chambers of Commerce, Bucks Built Startup Fund gives away $40,000 in grants, and more local funding news. The Enterprise Center received a $5 million investment from TD Charitable Foundation for its Innovate Capital Growth Fund. The West Philly-based nonprofit, which provides resources and opportunities for entrepreneurs, launched the fund in 2022 […]
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... Read More >Meet The Winners Of 1Philadelphia’s 2023 Innovation Awards
The tech equity org hosted its second annual Innovation Weekend, concluding with an awards event that honored members of the Philly tech community in seven categories. It’s been a busy couple of days for the Philly tech community, from Founder Factory to CapCon to 1Philadelphia’s 2023 Innovation Weekend, which closed last week with a focus on the people who are passionate about […]
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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 >Delaware Nabbed Part Of A Regional EDA Tech Hubs Designation
Wilmington is part of the Greater Philadelphia Region Precision Medicine Tech Hub, led by Ben Franklin Technology Partners of Southeastern PA. Here’s what comes next. It’s official, Delaware: We’re a tech hub. Part of one, at least. The US Department of Commerce’s Economic Development Administration (EDA) Tech Hubs program is an effort by the federal […]
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... Read More >The Philadelphia Region Won A New Federal Tech Hub Designation For Life Sciences
The Philadelphia tech hub will try to advance manufacturing and commercial development of cell and gene therapies. The Philadelphia region has been selected as one of 31 federal innovation and technology hubs, making the area eligible to compete for a grant of up to $75 million to advance the area’s life sciences industry, the Biden […]
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... Read More >Soaring 76 rankings 2023: Greater Philadelphia’s fastest-growing companies, Nos. 1-25
Despite a number of headwinds over the past three years – a global pandemic, labor shortages, supply chain issues, and fluctuating market conditions, to name just a few – area companies proved their grit. Surviving those challenges is laudable, but thriving in them is astounding. These 76 companies did just that, weathering storms and coming […]
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... Read More >Black Professionals In Private Equity & Finance – Dealmaker Spotlight: Alex King
The following series features interviews with Black dealmakers and trailblazers in the private equity and finance community. Q: What attracted you to PE and venture capital? Alex King: My pathway to private equity and, more significantly, venture capital was part of my entrepreneurial journey. That journey started when I was in high school. I was an avid […]
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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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