DEADLINE EXTENDED Take the Techncial.ly Philly Tech Startup Survey!

When discussing Philadelphia’s technology community, questions about what its entrepreneurial leaders feel about the region often come up. It’s time to create a benchmark understanding of our young technology business leaders.

If you’ve founded an active company or are a CEO of a startup, Technical.ly Philly, the Center City District, and Philly Startup Leaders  want to hear from you in the first ever Technical.ly Philly Tech Startup Survey. It should just take 10-12 minutes.

Take the survey here before Dec. 31.

Few quick details:

  • Technical.ly Philly will share with everyone the anonymized data, so our community can better understand ourselves. Give us your time, and get back a better view into your peers.
  • Technical.ly Philly are tying all survey responses to specific companies for data accuracy’s sake, but we won’t share any specific firm details publicly. (i.e. employee counts through time)
  • Generally speaking, Technical.ly Philly considers tech startups to have fewer than 200 employees and be no more than 3-5 years of age doing work on digital hardware, scalable software or related services. However, this is largely a self-selecting group, and so if you feel you fit in this category, please take this survey.
  • Find a more detailed description of technology companies on the survey page.

PRESS RELEASE: Philadelphia Launches Fastfwd; Challenges Entrepreneurs to Address Public Safety Issues

October 30, 2013–  Mayor Michael A. Nutter officially launched FastFWD, an Urban Innovation Refinery, a partnership between the City of Philadelphia, GoodCompany Group, a social enterprise accelerator, and the Wharton Social Impact Initiative of the Wharton School of the University of Pennsylvania.  FastFWD, formerly known as the Philadelphia Social Enterprise Partnership, is an initiative that seeks to recruit and support entrepreneurs in developing solutions to urban challenges.  In its inaugural year, FastFWD will focus on public safety.

“Our Administration is committed to public safety, spending $1.8 billion last year on behalf of our citizens,” said Mayor Nutter.  “FastFWD is a unique approach to engage and utilize public-private partnerships and to encourage private sector to work with government in the public interest.  In FastFWD’s first cycle, our goal is to harness entrepreneurial talents, resources and innovative ideas to create solutions to the most pressing public safety challenges that our city, and other cities, face every day.”

FastFWD invites entrepreneurs to offer their most innovative public safety solutions, services and products for consideration.   Entrepreneurs that submit the most promising ideas will be given capital, development support and access to experts to help refine and implement their ideas.

“As cities face greater challenges with increasingly fewer resources, the need for entrepreneurial innovation has never been greater,” said Story Bellows, Co-Director, Mayor’s Office of New Urban Mechanics. “With the launch of FastFWD, we are calling on entrepreneurs to submit their brightest and boldest ideas for consideration.  We look forward to seeing the depth of talent and creativity they have to offer.”

Applications are due by January 22, 2014.

Ten finalists will be selected in spring 2014 to participate in an intensive, twelve-week accelerator program.  During the program, finalists will refine their proposal under the guidance of legal counsel, investors, industry experts and fellow entrepreneurs.  Finalists who enter the accelerator program will receive $10,000 stipends provided by FastFWD.

Upon completion of the accelerator program, the finalists’ proposals will be eligible for implementation as a fast-track funded pilot.

Professor Katherine Klein, Vice Dean for the Wharton Social Impact Initiative added, “Wharton Social Impact Initiative is thrilled to be helping the city in spurring entrepreneurial solutions to urban challenges. The FastFWD process represents a cutting-edge approach, linking business, city government and the University to create sustainable solutions.  There’s a palpable sense of excitement and optimism among all who are participating in this process, including the Mayor – a Wharton alum – and his team.”
“Above all, FastFWD will offer entrepreneurs access. The program will provide access to the core problems, prioritizing and presenting them as target of entrepreneurial opportunity, said Garrett Melby, Founder and Managing Director, GoodCompany Group. “FastFWD will also provide access to expertise for entrepreneurs to refine their ideas with subject-matter experts, and hone their business model with finance experts from The Wharton School.”
In addition, the City announced that FastFWD will partner with Impact Hub on entrepreneur engagement and Code for America on procurement reform.
For more information on FastFWD, including applications, log onto http://fast-fwd.org.

DreamIt Ventures gets new home, $3M investment

December 11, 2013 | Philadelphia Business Journal by Zenovia Campbell

DreamIt Ventures has a new headquarters. The startup accelerator is moving to theUniversity City Science Center in a partnership with Drexel University. The second and third floors of the Science Center building will transform into an “innovation hub” in April 2014. In addition to housing DreamIt Ventures, the 17,500 square foot space will also have space for local entrepreneurs. Drexel’s Expressive and Creative Interaction Technologies (ExCITe) Center, which opened last fall, occupies the Science Center’s first floor.

Also announced Wednesday was Drexel’s $3 million investment to DreamIt Fund II, a fund for aspiring entrepreneurs. While the company hopes to raise $30 million, DreamIt Co-Founder David Bookspan declined to comment on the amount raised to date.

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Drexel, Science Center unveil coworking space, DreamIt Ventures HQ

DreamIt Ventures is ramping up efforts to support its graduating companies by offering its Philadelphia startups both office space and capital, as DreamIt is currently raising a $30 million fund to invest in startups that have completed its program.

December 11, 2013 | Technical.ly Philly by Juliana Reyes

This spring, 3401 Market Street will launch as a tech startup hub.

DreamIt Ventures will establish its headquarters on the second and third floor of the building, a 17,500 square foot space that’s being developed by the University City Science Center and Drexel University for about $1 million, the organizations announced this afternoon.

DreamIt aims to host all of its Philadelphia accelerator programs for early-stage startups, as well as offer office space for its graduating companies. The space will also be open to non-DreamIt startups. On the ground floor  of the building is the ExCITe Center, Drexel’s cross-disciplinary music and tech lab.

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Full day in Philly for Reddit co-founder Alexis Ohanian

December 2, 2013 | Newsworks by Zach Seward

Reddit co-founder Alexis Ohanian is on an epic book tour: five months, 150 stops. On Monday, Philadelphia hosted three of those stops: a tech breakfast with local executives, a pizza-side chat at First Round Capital and an early evening event at UPenn. The man knows how to hustle.

“I want to just help these startups be great,” Ohanian said at the day’s second stop. “A conversation with a successful founder isn’t necessarily going to change your life, it isn’t necessarily going to give you the light bulb that makes your company 10X or whatever it is, but hopefully it’s helpful. And that’s the kind of atmosphere I expect at a place like this.”

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