Startup Ecosystem

Drexel, Science Center Provide Funding To Four Philadelphia-Area Minority Founders

May 1, 2023

A joint venture between the University City Science Center and Drexel University is providing its second round of funding to four minority-founded, Philadelphia-area startups ranging from fintech to health care. The Raynier Seed Fund focuses its financing on up to four underrepresented entrepreneurs annually with each receiving $25,000. The startups in this year’s group are […]

$2 Million To Support Women-Led Businesses In The Philadelphia Region

April 14, 2023

The JVS Philadelphia Fund for Women (JVS Fund), founded by Judith von Seldeneck, a nationally recognized businesswoman, committed leader, and Philadelphia entrepreneur, is accepting applications for its 3rd round of grants. Von Seldeneck, who is also president of Diversified Search Group, noted: The opportunity to identify and tap the exceptional talent of women-led enterprises while helping […]

Philadelphia Lands Among Top Five Most Active Regions For Venture Capital In 1Q

April 13, 2023

Philadelphia has been working to cement its status among the most active regions for venture capital funding, and the first quarter of 2023 kept the region on that path. Greater Philadelphia ranked fifth in the U.S. for the most closed venture capital deals in 2022 and held that spot to begin 2023, according to the latest PitchBook-NVCA […]

Business For Good: JVS Philadelphia Fund For Women

March 31, 2023

A new partnership offers grants and investments for local, women-owned and led businesses — courtesy of Judee von Seldneck, a woman who’s been there. By any measure, Judee von Seldeneck has had an incredible career. She started in politics, working as an executive assistant to then-Sen. Walter Mondale after graduating college. When her husband’s job required […]

How Philly-Area Businesses And Start-Ups Can Tap Into $584M In New Federal Funding

March 29, 2023

$584 million in federal funding has been targeted for businesses in the Delaware Valley under the State Small Business Credit Initiative program. Millions in federal funding is earmarked for Pennsylvania, New Jersey, and Delaware to help small businesses. But where does it come from and how can local entrepreneurs get it? The money is coming […]

Philadelphia Venture Report 2022

March 7, 2023

Philadelphia’s VC ecosystem proved resilient in 2022 and now counts itself in the top five ecosystems in the United States in terms of deal flow. The city has taken in more than 1,000 investments over the past two years, worth $12.7 billion altogether. Long known as a biotech hub, Philadelphia is also gaining ground in […]