Meet 9 companies in the 2nd FastFWD social enterprise accelerator class

September 18, 2014 | Technical.ly Philly by Juliana Reyes

The City of Philadelphia, GoodCompany Group and the Wharton Social Impact Initiative announced the second class of its social enterprise accelerator, FastFWD, today. Each company is focused on improving public safety.

The second class kicks off this week. Backed by a $1 million grant from the Bloomberg Foundation, the accelerator awards $10,000 to each company, as well as mentorship, training and office space in Kensington’s Impact Hub. Every company will have the opportunity to apply for a city contract at the end of the 12-week program. The idea behind the accelerator is to cut through the bureaucratic red tape involved in the city procurement process…

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Jon Gosier’s new fund wants to make angel investing more inclusive

September 16, 2014 | Technical.ly Philly by Juliana Reyes

The angel investment world felt insular to Jon Gosier.

He wasn’t alone. At the Goldman Sachs 10,000 Small Businesses program, Gosier, who runs data science startup D8A, met a group of Philadelphia business people who also wanted to get into angel investing but didn’t know where to start.

So they started their own fund.

Third Cohort, so named because the fund’s partners all met in the third cohort of the 10,000 Small Businesses program, invests between $10,000 to $25,000 in very early stage tech startups. They’ve already made two investments: one in New York City-based, pre-launch dream-remembrance app Shadow and another in Washington, D.C.-based “Bloomberg for Africa” startup Market Atlas. These deals have come through the partners’ networks, he said, as the fund hasn’t really started any outreach efforts yet.

Aside from investing in tech startups, the fund will also provide low-interest loans to early-stage brick-and-mortar businesses that don’t traditionally get funded by angel investors. The group wants to help “these small businesses that make up most of the economy” who may not be able to get a loan from a bank yet, Gosier said…

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