March 20, 2014 | Technically Philly by Juliana Reyes
One year after it opened its satellite office in Old City, Wilmington, Del.-based IT management company SevOne has moved its Philly-based development team into a bigger space to accommodate growth, according to a release.
SevOne initially opened a satellite development team in Philly as a pilot to see if the city location would help the company attract talent, a spokesman for the company said. It worked.
The new 6,500 square foot space in Center City’s Land Title Building at Broad and Chestnut Street can fit up to 55 employees. SevOne currently employs 30 in its Philly office, which makes up about 11 percent of its 270 total employees. It also has another other satellite development office in Boston.
It’s the first news we’ve seen of a satellite office outgrowing its original space — might the same happen for satellite offices of suburban tech companies like Bentley Systems and the newly-acquired Fiberlink?
March 20th, 2014 | WHYY Newsworks by Zack Seward
The city of Philadelphia is bankrolling tech internships and workshops, using a series of grants to local firms.
“What we wanted to do was really look carefully at the integration of students and universities with the startup community,” said Alan Greenberger, Philadelphia’s deputy mayor for economic development.
The five grants total $124,000. It’s the second round of grants to flow from the mayor’s $500,000 Startup PHL Call for Ideas fund.
City officials say the program is meant to both boost local startups and retain young tech talent with the lure of paid gigs. Greenberger says the renewed focus on college-age workers drew from experience with a similar program funded by the first round of Startup PHL grants.
Two outside observers say this influx of funding is likely to be a worthwhile investment…
March 20, 2014 | Technical.ly by Juliana Reyes
The second set of the city-backed StartupPHL ‘Call for Ideas’ grants focus on training and retaining talent in Philadelphia. The grants were created “to support the culture” of the Philly tech scene, said city Commerce Director Alan Greenberger in an interview last month.
Full disclosure, as listed below, Technical.ly applied for and, in partnership with another community group, received one of these grants. This reporter was not part of the process.
According to a release, the awardees, which were announced today at SevOne’s new Center City Office, include:
- PennApps Fellows Internship Program: $2,500 per student participant to support a local program connecting student interns from across the nation to Philadelphia based companies for a 10-week internship during the summer of 2014.
- Philadelphia Fashion Incubator: $25,000 to create a series of monthly seminars, panels and interactive workshops focused on the business of fashion for the design community.
- Zivtech Developer Boot Camp: $24,000 to teach a six-week developer bootcamp to a class of 30 participants.
- NextFab Fellows Coop Program: – $25,000 to support four co-op fellowships. Students will receive training and materials while gaining experience working for NextFab companies who struggle to find talent.
- Technical.ly / Philly Startup Leaders: $25,000 to create and execute a series of eight workshops to better connect the PHL tech community to universities and students. (Find coverage of the event that sparked this idea here)
*Full Disclosure: Technical.ly applied and won a Call for Ideas grant. This reporter was not part of that process.
February 19, 2014 | philly.com by Claudia Vargas
Just before Mayor Nutter addressed the Greater Philadelphia Chamber of Commerce at its annual luncheon Tuesday, he celebrated the new office space of a Philadelphia start-up company that nearly doubled in size in the last year.
RJ Metrics, a tech firm that helps businesses analyze their data and has more than 250 clients including Hootsuite and Threadless, is an example of a company that can “start in Philly, grow in Philly and stay in Philly,” Nutter said at the ribbon-cutting ceremony.
Dozens of young professionals mingled around a fancy breakfast spread at the top of the Weidner Building on Broad and Chestnut Tuesday – RJ Metric’s new home to fit its 46 employee base and more – as RJ Metric’s CEO Bob Moore offered remarks alongside the mayor.
Moore, who cofounded the firm with Jake Stein in 2009, called the Philadelphia start-up scene a “rekindling of the entrepreneurial spirit of the city.”
February 10, 2014 | The Philadelphia Tribune by Ayana Jones
A new initiative aims to help women-owned businesses gain access to capital and mentorship.
Entrepreneur Works, an organization that provides loans and support services to local entrepreneurs, was selected as the Philadelphia loan partner for Elizabeth Street Capital — a Tory Burch Foundation and Bank of America initiative.
The Elizabeth Street Capital initiative aims to foster economic independence and strengthen local economies through job creation and community revitalization. The initiative is designed to provide early-stage women entrepreneurs in the United States with access to low-cost capital, mentoring support and networking opportunities to grow their businesses, creating communities of women entrepreneurs.
“When we started our foundation, we understood that women entrepreneurs need access to capital as well as access to business networks, and by partnering with Bank of America, we are thrilled to be providing help to women across the United States. The combination of loans, mentoring support and peer networking expertise opens up new opportunities for women looking to build and grow their businesses,” said Tory Burch, founder of TBF.
January 5, 2014 | Forbes.com by Anne Field
Attention social entrepreneurs focused on public safety: You can apply to a new Philadelphia-based accelerator that recently won a $1 million grant.
Called FastFWD, the “super-group” accelerator was formed by the City of Philadelphia, along with GoodCompany Group, a nonprofit, social enterprise accelerator in the city, and the Social Impact Initiative at the Wharton School, after winning Bloomberg Philanthropies 2012-2013 Mayors Challenge, along with four other cities. (They included Providence, Chicago, Houston and Santa Monica).
The Mayors Challenge awards grants to cities that come up with innovative, entrepreneurial ideas for addressing urban problems. Some 335 cities submitted proposals.
Why public safety? Basically, over a period of six months, researchers at Wharton surveyed a handful of potential challenging areas to focus on. After interviews with more than 75 experts, they concluded that public safety was “fundamental to other problem areas,” says Garrett Melby, co-founder and managing director of GoodCompany. Accounting for more than one-third of Philadelphia’s budget, according to Melby, it also involves a larger portion of local discretionary spending than, say, education. They also broke the problem into four categories–”built environment”, “recidivism”, “community violence” and “enabling technology”–and nine sub-categories, including neighborhood surveillance, vacant lots, re-entry employment for ex-inmates, and effective technology, among others. (Here’s more about the areas).
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.
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.”
November 15, 2013 | Technically Philly by Juliana Reyes
If you had $25,000, how would you fight brain drain in Philadelphia?
Now’s your chance to put that idea into action. The city is looking to fund projects that will connect students with the local startup scene as part of its second round of Startup PHL grants. It’ll accept other types of projects, according to a release, but will have an eye toward those that aim to keep students in the city by exposing them to the tech scene.
Apply here by Dec. 13.
The city will choose four to eight projects and award them grants of under $25,000. It’ll come from $500,000 that was dedicated to the Startup PHL “Call for Ideas” program.