Startup Ecosystem

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 […]

Delaware Nabbed Part Of A Regional EDA Tech Hubs Designation

October 25, 2023

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 […]

The Philadelphia Region Won A New Federal Tech Hub Designation For Life Sciences

October 24, 2023

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 […]

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 […]

Soaring 76 rankings 2023: Greater Philadelphia’s fastest-growing companies, Nos. 1-25

September 30, 2023

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 […]

Black Professionals In Private Equity & Finance – Dealmaker Spotlight: Alex King

September 29, 2023

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 […]

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 […]

RealLIST Engineers 2023: Meet 15 Of Philly’s Most Impactful Technologists Right Now

September 27, 2023

These Philadelphia tech community members are not only developing cool technology, they’re sharing their skills through volunteering, mentoring, public speaking and more. It’s time again to recognize the people who literally make the tech world function. This is the fifth year that Technical.ly is recognizing influential technologists in our community who show impressive technical aptitude, […]

New Hope’s Cecilian Partners Raises $11M After Tripling Revenue

September 23, 2023

New Hope real estate technology firm Cecilian Partners has raised an $11 million Series A after tripling its revenue. The funding round was led by Baltimore-based Resolve Growth Partners. Founded in 2019, Cecilian Partners creates software platforms and other technology for homebuilders and homebuyers. CEO John Cecilian Jr. said that the fresh capital will be […]

September 21, 2023

Philadelphia has always been a city of firsts, from the first public library to the first zoo. Now, it’s time for us to add another feather to our cap with the first female mayor. As Cherelle Parker breaks through glass ceilings, she brings with her a fresh perspective and a determination to create a culture […]