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.