Ben News

Ben Franklin Technology Partners Has Closed On $28M As Part Of Largest-Ever Fund

November 9, 2023

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 […]

Biden-Harris Administration Designates Tech Hub In Philadelphia Region To Develop Precision Medicine And Improve Health Equity

October 23, 2023

As part of the President’s Investing in America agenda, the U.S. Department of Commerce identifies regional centers primed for innovation and job creation. WASHINGTON, DC — The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced that Greater Philadelphia Region Precision Medicine Tech Hub in Pennsylvania was designated as one of the […]

What The 2023 Nucleus Awards Winners Hope For Philly’s Innovation Future

September 28, 2023

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 […]

Investment Deals Slow For Ben Franklin Technology Partners In ‘Tightened’ Capital Market.

September 19, 2023

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 […]

Two Philly-Area Groups Vie For New Federal Regional Tech Hub Designation

August 18, 2023

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 […]

Four Leaders To Be Honored By The Science Center At 2023 Nucleus Awards

August 15, 2023

Celebrating 60 years of scientific innovation, the Science Center will honor four individuals who have demonstrated leadership in fostering a more innovative, collaborative, and equitable future during its annual Nucleus Awards, presented by CSL. The Nucleus Awards, taking place on September 26th, is the Science Center’s annual celebration convening the region’s leaders in support of cementing Philadelphia […]

The Most Effective Actions These 8 Orgs Have Taken Toward DEI

July 10, 2023

Since 2020, many companies and organizations have made pledges and commitments related to diversity, equity and inclusion, although the effectiveness of these campaigns has varied widely. Some of the most successful initiatives have been from groups that have established histories of investing in their tech and business ecosystems like universities, law firms, accelerator programs, economic […]

TITAN 100 – Recognizing 100 CEOs & C-Level Executives

June 14, 2023

The Titan 100 program recognizes the top 100 CEOs & C-level executives. They are the area’s most accomplished business leaders in their industry using criteria that includes demonstrating exceptional leadership, vision, and passion. Collectively the 2023 Philadelphia Titan 100 and their companies employ more than 93,000 individuals and generate over $33 billion dollars in annual […]

Study: Ben Franklin Grew PA.’s Economy By $6.1 Billion, Created 16,6006 Jobs From 2017 to 2021

April 27, 2023

Ben Franklin Technology Partners generated $400 million in tax receipts for the state and boosted Pennsylvania’s overall economy by $6.1 billion between 2017 and 2021, helping to create 16,006 high-paying jobs during that same period, according to the latest in-depth independent economic analysis. Since its inception more than 40 years ago, Ben Franklin has now boosted the state […]

Across Q1 And Q2, Ben Franklin Tech Partners Is Investing Nearly $3M Into 12 Philly-Area Startups

February 7, 2023

Plus, the state-backed investment firm is raising a $25 million fund, similar to the Go Philly Fund from 2019 in partnership with Newtown-headquartered EPAM. It’s a busy start to the year for Ben Franklin Technology Partners‘ (BFTP) Southeastern Pennsylvania branch. The state-backed firm recently announced it’s slated to make investments in seven local startup companies. The […]