Mayor Nutter Announces Startup PHL Angel Fund Investment in Gencore Systems

Philadelphia, March 27, 2015 – Mayor Michael A. Nutter announced that the Startup PHL Angel Fund has made a $100,000 investment in Gencore Systems, a software company based in Philadelphia founded by a computer science professor at the University of Pennsylvania.

“The growth of a vibrant startup economy is one of the most exciting developments to take place in this city over recent years and my Administration is proud to do all we can to continue to promote Philadelphia as one of America’s top startup cities,” said Mayor Nutter.  “Through Startup PHL and a range of other initiatives we are providing the resources and support system to help exciting companies start, stay and grow in Philadelphia.  Thank you to our partners at PIDC and First Round Capital for making this work possible.”

Gencore Systems offers a non-intrusive, network-based application performance management solution that provides deep-insights into service delivery and user experience of cloud applications, and helps troubleshoot performance bottlenecks in a proactive manner. The Gencore solution is compatible with both private and public cloud setups, as well as data centers that deploy state-of-the-art Software-defined Networking (SDN) technologies. The company is a spinoff from the University of Pennsylvania, and has incorporated award-winning research into its products.

“We are excited to receive the Startup PHL investment, and plan to use the funding to continue product development, and enhance our product through our ongoing pilot deployments with customers,” said Gencore Systems founder Boon Thau Loo.  “Gencore Systems is delighted to be in Philadelphia. We have been able to benefit from a steady stream of engineering and business talent from local universities. Moreover, the community here is close-knit, and we have always been able to get advice from other entrepreneurs when approached. We look forward to growing the company here in this city.”

Startup PHL is an initiative between the City of Philadelphia, PIDC, and First Round Capital to support the growth of startups in Philadelphia.  The Startup PHL Seed Fund and Startup PHL Angel Fund are partnerships between PIDC and leading venture capital firm First Round Capital to make investments in Philadelphia-based startups.  Gencore Systems is the seventh company to receive an investment.

“We’re thrilled to be investing in a company with such deep roots in Philadelphia’s academic community, and are extremely excited to see what lies in store for Gencore,” said Josh Kopelman, Partner at First Round Capital.

The Startup PHL Call for Ideas is a grant program managed by the Department of Commerce providing grants to initiatives or organizations that are supporting startups and entrepreneurs in Philadelphia.  The program has provided ten grants to date investing $217,400 in Philadelphia’s startup community through a range of organizations such as Startup Corps, Philly Startup Leaders, Ben Franklin Technology Partners, Campus Philly, and the Philly Dev Camp.  An announcement of additional grants is expected to be made in the coming weeks.

To learn more about Startup PHL visit www.startupphl.com.

Mayor Nutter Announces StartupPHL Investments, Creation of New StartupPHL Angel Fund, and Opens Latest ‘Call for Ideas’

Philadelphia, November 12, 2014 – Today Mayor Michael A. Nutter announced a range of investments in Philadelphia’s startups and entrepreneurs through Startup PHL, an initiative of the City of Philadelphia’s Commerce Department, PIDC, and First Round Capital to provide funding for early-stage companies and to support programs that develop the startup community in Philadelphia. The Startup PHL initiative encompasses a range of programs including the Call For Ideas, Startup PHL Funds, and the University City Science Center QED program. Through Startup PHL Funds and co-investments from First Round Capital six Philadelphia startups have received more than $1 million in combined seed or angel investment since October 2013, and through the Call For Ideas Grants ten organizations have received more than $200,000 in funding to support entrepreneurship programming.

“For Philadelphia to continue to grow we must be a city that welcomes exciting, innovative companies and the type of talented workforce that wants to work for those companies,” said Mayor Nutter.  “Through Startup PHL our goal is to send the message that Philadelphia is one of America’s great startup cities and that we are committed to helping entrepreneurs start and grow their businesses in our city.”

In October 2012 the City of Philadelphia, PIDC and First Round Capital announced the creation of the Startup PHL Seed Fund to invest in fast-growing startups in Philadelphia.  Today, First Round Capital and PIDC announced a combined $400,000 seed investment in Velano Vascular, an innovative medical device company, which has pioneered a needle-free method for drawing blood from hospitalized patients.  The company was recently recognized by the Sheikh Zayed Institute for Pediatric Surgical Innovation at Children’s National Hospital, Washington, DC and received a $50,000 prize for innovation in pediatric surgical care.

In addition to Velano Vascular, the Startup PHL Seed Fund has funded two other companies to date, including healthy meal delivery company Real Food Works, announced last year, and a third Philadelphia startup, which is not yet public. Also last year, PIDC made a $750,000 investment in the DreamIT Ventures program to support follow-on funding rounds of those companies participating in DreamIt Ventures’ highly successful accelerator programs.

Mayor Nutter also announced that PIDC and Josh Kopelman of First Round Capital have created the Startup PHL Angel Fund, which increases the range of Philadelphia funding options available to city’s earliest-stage startups.  Making investments from $25,000 to $100,000, the StartUp PHL Angel Fund co-invests alongside angel investors to help very early-stage companies build a minimum viable product or validate key assumptions.

“We are thrilled to contribute to the growing resources available to the Philadelphia community of entrepreneurs through the Startup PHL Seed and Angel Funds,” said Josh Kopelman, the founder of First Round Capital.  “PIDC has been a terrific partner in this endeavor, and we look forward to working with them and Mayor Nutter’s Administration to attract and support the next generation of Philly founders.”

Josh Kopelman and John Grady, President of PIDC, will announce the first three Startup PHL Angel Fund investments of $100,000 at an event this evening organized by Philly Startup Leaders, Technically Philly and Startup PHL to build connections between Philadelphia startups and young people studying in the city.

Squareknot is a way for people to create beautiful step-by-step guides. Users can collaborate on guides by branching off in separate directions to demonstrate their unique way of doing the same thing. By organizing steps and guides the same way that Google Maps might organize multiple routes, and combining that with the crowdsourcing philosophies of Wikipedia, Squareknot will become the de facto destination site for how to do things online.  Founder Jason Rappaport said, “When we were deciding where to put Squareknot, Philadelphia was a very clear choice for us. It’s turned out to be one of the smartest decisions we’ve ever made. Philly has proven itself to be one of the most supportive cities in the country. We feel like we can do something good and make a dent here.”

Tesorio enables companies to self-finance their daily operations, streamlining early payments on invoices so suppliers get paid early and buyers optimize returns on cash.  Carlos Vega, founder of Tesorio said, “Philly has a tight-knit and unassuming tech community that has been helpful at every step. Corporations and potential clients are always ready to talk. Investors and lawyers are accessible and generous with advice. Veteran entrepreneurs are collaborative and truly want to see you succeed. The strength of this network and abundance of talent from local universities drove us to choose Philly for Tesorio.”

VeryApt combines user reviews with big data analytics to deliver intelligent, personalized apartment recommendations.  Founder Ashrit Kamireddi explained his choice to locate in Philadelphia.  “When it came to choosing the long term headquarters for VeryApt, our primary focus was picking a city where we could hire high quality talent.  Philadelphia was the obvious choice because of its amazing universities, rapidly growing millennial population, and affordability. We have also been incredibly impressed by Mayor Nutter’s commitment to fostering entrepreneurship and we’re really excited to be part of Philly’s entrepreneurial revolution!”

“Together the Startup PHL Seed and Angel Funds provide much needed early stage capital to help make Philadelphia an attractive place for entrepreneurs,” said John Grady, President of PIDC. “PIDC is committed to driving growth throughout the city and our Startup PHL initiative is a great way to help support the growth for this important sector of Philadelphia’s economy. We are proud to partner with First Round Capital and Josh Kopelman to create these funds and invest in these terrific businesses to launch and grow here in Philadelphia.”

Finally Mayor Nutter announced that the City of Philadelphia’s Commerce Department is now accepting applications for the third round of Startup PHL Call for Ideas, a program providing grants to initiatives or organizations that are supporting startups and entrepreneurs in Philadelphia.  The program has provided ten grants to date investing $217,400 in Philadelphia’s startup community through a range of organizations such as Startup Corps, Philly Startup Leaders, Ben Franklin Technology Partners, Campus Philly, and the Philly Dev Camp.  The closing date for applications for the third Call for Ideas is Friday January 2, 2015.  Further information, along with details of previous investments and how to apply, can be found at www.startupphl.com.

“Supporting startups and entrepreneurs across Philadelphia through programs such as Startup PHL is one of our top priorities and we’re seeing real success from these efforts,” said Alan Greenberger, Deputy Mayor for Economic Development.  “Businesses from across the region, country and around the world are giving Philadelphia a second look as a place to locate due to our talented workforce, our livable downtown, the strong network to plug into, and the ease of doing business in our city.  It is thanks to partners such as PIDC and First Round Capital that the case for moving a business to Philadelphia is an increasingly convincing case to make.”

The growth of Philadelphia as a startup hub is an exciting trend for the future of the city.  From major corporations such as Comcast and Independence Blue Cross investing in innovation to the continued growth of grassroots efforts such as Philly Startup Leaders, N3RD Street, and Philly Tech Week, recent years have seen an increase in the level of activity supporting startups.  Companies such as RJ Metrics, Cloudmine, and Leadnomics have raised venture capital and moved into larger office space while businesses such as SevOne, Think Brownstone, and Eastern Standard have established Philadelphia offices.

Mayor Nutter Welcomes Think Brownstone to Philadelphia

Latest suburban company to open a Philadelphia ‘gateway’ office

Philadelphia, July 10, 2014 – Mayor Michael A. Nutter and Think Brownstone, a Conshohocken-based user experience and design agency, opened the company’s new Philadelphia office at the historic Packard Grande Building in Center City.  Founded in 2007 by Carl White and Brian McIntire, Think Brownstone employs 50 people, including at least 15 who will work in the Philadelphia office, with the potential to expand.   Think Brownstone is the latest in a long line of companies to open a Philadelphia ‘gateway’ office in order to attract the talented workforce that wants to live and work in the city.  Other companies that have recently opened ‘gateway’ offices include Bentley Systems, Fiberlink, SevOne, and Eisner Amper.

“Think Brownstone’s decision to open an office in Philadelphia is the latest demonstration that Philadelphia is a great place to start and grow a technology company,” said Mayor Nutter. “Through initiatives like Startup PHL, my Administration, together with our partner PIDC, continues to do all we can to make Philadelphia a more business-friendly place and put this city on the map as one of America’s most diverse, dynamic and exciting places to build a company.”

Think Brownstone is a user experience and design agency that works with global clients, such as ING, The Hay Group, and Comcast, to improve their digital products. The company uses extensive research and discovery methods to produce user-centered software, including business applications, websites, and data visualization and analytic tools.

“When we originally pictured Think Brownstone, it was going to be in an historic building in the City of Philadelphia,” said Carl White, co-founder and CEO. “Even though we established our first studio in Conshohocken, we are thrilled to see that original vision come to life in our second studio at 15th and Sansom Streets. We are looking forward to being closer to our Philadelphia clients, being more convenient to the extensive pool of talented Philadelphia designers and developers, and taking advantage of all of the business services the city has to offer.”

Supporting entrepreneurs and startup companies in Philadelphia and attracting an educated talented workforce is a major priority for the Nutter Administration. Since the launch of Startup PHL the City has awarded more $210,000 across ten Startup PHL Call for Ideas grants. The latest round focused on attracting and retaining talent; recipients include organizations such as Penn Apps Fellows, Philly Startup Leaders and Technically Philly, NextFab, Zivtech, and the Philadelphia Fashion Incubator. In addition, PIDC has also made investments in the Science Center’s QED program and in DreamIt Ventures, which established its global headquarters at 3401 Market Street on Drexel University’s campus.

“Companies large and small are increasingly moving to Philadelphia because they have access to an incredible talented workforce, high quality of life, and a growing support system for entrepreneurs” said Alan Greenberger, Deputy Mayor for Economic Development. “This is a very exciting and promising development for the future of our city’s tech ecosystem.”

For more information about Startup PHL please visit www.startupphl.com. For more information about Think Brownstone please visit www.thinkbrownstone.com

Mayor Nutter Appoints New Chief Data Officer

Philadelphia, July 2, 2014 – Mayor Michael A. Nutter announced that Tim Wisniewski has been appointed Chief Data Officer (CDO) for the City of Philadelphia under the Office of Innovation and Technology.  In this role, Wisniewski will coordinate departmental efforts to enhance open government and civic engagement by publishing government data online and will act as the public liaison between data users and data providers.  Additionally, he will oversee the management of the City’s web portfolio, application development and civic technology, including redesigning Phila.Gov as a platform for connecting the general public to open data.

“The Chief Data Officer position plays a key role in our Administration’s efforts to be more transparent, efficient and effective by facilitating information sharing between the City and its residents and between departments,” said Mayor Nutter.  “Tim has a technology and community building background and he has been keenly focused on civic engagement and that clearly makes him a standout choice.  Tim’s appointment will strengthen the City’s commitment to open data and refocus the Administration’s strategy.  I am looking forward to the good work Tim will do with our Open Data policy.”

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Nutter touts Philly tech scene in Friday event tour

June 13, 2014| Technically Philly by Max Ufberg

Mayor Michael Nutter was out making the tech rounds Friday, stopping by four different startup offices — ranging from social media entrepreneurs to medical sales — to offer up words of encouragement, field questions from tech employees and cut a few ribbons.

The four companies — Arcweb, OneTwoSee, Medical Guardian and PeopleLinx— shared little in common, except for a high growth rate: three of the four visits were to commemorate new or increased office spaces, while the fourth stop, at PeopleLinx, offered a more informal setting for discussing the city’s startup scene.

Nutter’s tour started with a ribbon cutting ceremony at the offices of mobile app specialists Arcweb, which recently moved from coworking space Indy Hall into an office at 2nd and Market Streets.

“The is a community that we pay a tremendous amount of attention to,” Nutter said to a packed room of employees and observers, many of whom enjoyed free food and beer afterwards. “You’re bringing people to the city, creating this entrepreneurial, startup, tech-savvy hub that Philadelphia is and will continue to grow.”

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PRESS RELEASE: Mayor Nutter, Deputy Mayor Greenberger Open New Offices for Tech Companies in Philadelphia

Arcweb, OneTwoSee & Medical Guardian move into new, larger space 

Philadelphia, June 13, 2014 – Mayor Michael A. Nutter and Alan Greenberger, Deputy Mayor for Economic Development, participated in a series of events today to highlight the growing strength of the startup and technology community in Philadelphia.  Three fast-growing technology companies – Arcweb, OneTwoSee and Medical Guardian – officially opened new or expanded office space to accommodate rapid growth and new employees.  Mayor Nutter and Deputy Mayor Greenberger also visited PeopleLinx to participate in a ‘fireside chat’ with founder Patrick Baynes and their employees.

“Philadelphia is increasingly on the map as one of America’s great startup cities thanks to our incredibly talented workforce, low-cost of doing business, and a strong entrepreneurial community that supports the growth of early-stage companies,” said Mayor Nutter.  “Companies like Arcweb, OneTwoSee, Medical Guardian and PeopleLinx are emblematic of a broader pattern of exciting startups starting, staying and growing in Philadelphia.”

The Nutter Administration, in partnership with the Philadelphia Industrial Development Corporation, is committed to supporting entrepreneurs and startups in Philadelphia.  Through a range of initiatives, such as Startup PHL and efforts by the City’s Chief Innovation Officer, Adel Ebeid, to streamline contracting procedures to enable startups to participate in City business the public sector in Philadelphia has partnered with the private sector to increase the resources and opportunities available to startups.

“The emergence of Philadelphia as a startup hub is very encouraging for the future of our city,” said Deputy Mayor Alan Greenberger.  “A talented workforce increasingly wants to live in an urban environment, enjoy a high quality of life, and work for exciting and innovative companies.  Philadelphia has all of these assets and that’s one reason why our population is on the way up and our unemployment rate is on the way down.”

Mayor Nutter and Deputy Mayor Greenberger made four stops in two hours to demonstrate the City of Philadelphia’s support for fast-growing companies in the city.  In recent months Mayor Nutter has participated in events to highlight startup success stories such as Artisan Mobile, Curalate, RJ Metrics, RealFoodWorks, and SevOne.  The four companies that were part of today’s tour include:

Arcweb

Founded in 2011, Arcweb recently moved out of Indy Hall into new space at 234 Market Street in order to accommodate an employee count which recently grew to more than 20 people.  The company builds software solutions that primarily service the financial and healthcare markets.  Arcweb was founded by Chris Cera, local entrepreneur and one of the original co-founders of Philly Startup Leaders.  “The Mayor’s continued support of the technology and startup communities is admirable, and has been a catalyst of the growth we have seen,” said Cera.  “It’s exciting to be a member of the community, and very easy to be inspired by many of the people that have grown here in recent years.”

OneTwoSee

OneTwoSee is a fast-growing, Philadelphia-based interactive TV application startup that sits at the intersection of digital media, sports and technology.  It has more than doubled in size since November 2013 and is on track to have more than 20 employees by Fall 2014.  OneTwoSee recently closed a $1.3 million round of fundraising and moved out of Seed Philly to take its own office space at 1650 Arch Street.

Medical Guardian

Medical Guardian was founded in 2005 by local entrepreneur Geoff Gross and has since grown to approximately 100 employees servicing more than 200,000 clients.  Medical Guardian provides an affordable and reliable medical alert service to all those who wish to live an independent life, regardless of their limitations.  The company moved into 12,800 square feet of space at 1818 Market Street in April 2013 and in June 2014 increased the size of its space to 22,600 square feet.

PeopleLinx

PeopleLinx was founded in 2009 by Patrick Baynes and Nathan Egan to help companies improve their workforce’s use of social networks boosting sales and market reach.  They currently employ 25 people and have more than 50 clients.  Mayor Nutter participated in a ‘fireside chat’ with PeopleLinx employees where he shared his own background and talked about his support for the tech community, taking questions from employees.

Philly looks to attract tech buzz, entrepreneurs

June 12, 2014  | SFGate.com by Kathy Matheson, Associated Press

PHILADELPHIA (AP) — Tech enthusiasts know Silicon Valley in California and Silicon Alley in New York.

But what about Silicon Philly?

The City of Brotherly Love has become home to a growing and tightly knit community of entrepreneurs at the same time media giant Comcast plans to build a second skyscraper downtown with the potential to house thousands of corporate tech jobs.

Local officials have taken note on many levels, from allowing the startup corridor of N. 3rd Street to be renamed “N3RD Street” (Get it? Nerd Street?) to launching funding opportunities like StartUpPHL. And don’t forget that time people played Tetris on the face of a 29-story office building.

“We’re seeing an explosion of activity and investment in innovation and technology,” said Mayor Michael Nutter. He planned to cut ribbons at two new tech company offices Friday and visit two others to highlight his commitment to nurturing the industry.

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SevOne’s satellite office expands into new Center City space

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?

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PRESS RELEASE: Mayor Nutter Announces Second Startup PHL Call for Ideas

Second Startup PHL Call for Ideas focuses on connections between Higher Education and Philadelphia’s tech community.

Philadelphia, November 14, 2013 – Mayor Michael A. Nutter announced that Startup PHL is now accepting applications for the second round of Call for Ideas, a grant program to fund innovative proposals that support Philadelphia’s startup ecosystem. Full application details are available here.

“Over the last year, the City has welcomed many growing companies to Philadelphia; Fiberlink, Bentley Systems, Brand.com, SevOne, Bulogics, and Real Food Works are just a few. Each company has cited a robust startup community and access to talent as key drivers in their decisions,” said Mayor Nutter. “To continue this momentum, we need to connect the talent from our top-ranked universities to the growing companies, which need a well-educated workforce to flourish.”

The Call for Ideas program provides small grants to organizations with ideas or initiatives that best meet the objectives of Startup PHL. These objectives are:

  • Increasing business and job creation in Philadelphia;
  • Enhancing collaboration between organizations that support entrepreneurs;
  • Fostering networks and creating space for entrepreneurs to develop businesses and connect with mentors, advisors, talent and capital;
  • Continuing integration between Philadelphia’s higher education institutions, students and startup community; and
  • Creating an environment that attracts new entrepreneurs and encourages graduates from Philadelphia’s higher education institutions to remain in the city.

While all submissions are welcome, this second round of Call for Ideas is focused on creating more connections between students and the startup community that will ultimately lead to more people staying in Philadelphia after they graduate.

Creating better connections between Philadelphia’s university and startup communities is also a priority for Philly Startup Leaders, the largest and most active community of startup entrepreneurs in the Greater Philadelphia Region. The group recently convened a session between local startup leaders and the leaders of student-led entrepreneur groups.

“Not only are our members continually looking for top talent, but just as important is the infusion of energy that comes from student startups to the startup community. We want students to look at the resources that exist here and see Philadelphia as a place where their company can thrive. That’s why we’re working closely with student groups like nvigor, which is connecting students across schools,” said Philly Startup Leaders Board Chair Bob Moul.

Mayor Nutter launched the first Startup PHL Call for Ideas in October 2012 as part of the larger Startup PHL initiative. Six Call for Ideas grants were awarded in March 2013.

“In the past year, the City has worked closely with a number of organizations who are working to support the growth of startup companies and entrepreneurs across the city and across diverse industries,” said Deputy Mayor for Economic Development Alan Greenberger. “This program allows us to bolster the great work that is already happening here, which ultimately leads to more business and job creation in Philadelphia.”

2013 Call for Ideas Grantee Update:

  • Ben Franklin Technology Partners/Campus Philly received $25,000 to create a Targeted Internship Matching Program and placed 10 Philadelphia-area university students at BFTP portfolio companies in Philadelphia in the summer of 2013. The program provided Philadelphia startups with talent while connecting college students to startups/mentors, increasing the likelihood that the students will stay in Philadelphia post-graduation.
  • Greater Philadelphia Chamber of Commerce received $18,400 to develop an online Entrepreneur’s Resource Directory. The directory provides a centralized online resource for entrepreneurs to find information on funding sources, professional and technical expertise, specialized facilities and professional services.
  • The Enterprise Center, Center for Culinary Enterprises, Philly Food Innovation Program received $15,000 to develop a technical workshop series for early to middle-stage food entrepreneurs. Topics included culinary math, food safety and labeling, and hospitality law. These workshops, which occurred in the summer 2013, were filmed and will be posted to The Enterprise Center website as well as available publically.
  • PhillyCORE Leaders received $15,000 to support the Supporting Entrepreneurship in Education (SEED) program, which included a pitch event for education entrepreneurs to compete for funding held in October 2013. The winning teams will participate in the Fels Institute Social Innovations Lab in 2014 to further develop their ideas.
  • Startup Corps received $20,000 to support the expansion of a high school entrepreneur program that provides programming to a diverse range of teenagers looking to develop entrepreneurial skills and build businesses. Startup Corps is on-track to serve 200 students in 2013.
  • VentureF0rth was awarded $25,000 to create a “community commons” space at the existing VentureF0rth co-working facility that will provide an increased range of services to the startup community, including daytime programming, job training for individuals looking for work in the technology sector and an increase in the number of entry-level low-cost spots available to entrepreneurs.

Startup PHL also includes the Startup PHL Seed Fund, a $6 million seed stage investment fund, in which both the Philadelphia Industrial Development Corporation (PIDC) and First Round Capital have invested $3 million. The Seed Fund announced its first investment in Real Food Works in October 2013; the company moved to Philadelphia because of the award.

PIDC President John Grady said, “Real Food Works is a great demonstration of how the Startup PHL Seed Fund is increasing the availability of seed-stage capital to help make the City an attractive place for entrepreneurs. Call for Ideas is the perfect complement to the Seed Fund. Together they make Startup PHL a powerful program and Philadelphia an attractive and supportive environment to launch and grow a business.”

Full application details for the second Call for Ideas can be found at www.startupphl.com. Applications are due by December 13, 2013. Applications are reviewed by a selection committee comprised of representatives from the City of Philadelphia, PIDC, and members of the entrepreneurial community.

Startup PHL:
Startup PHL is a collaborative effort between the City of Philadelphia’s Department of Commerce and the Philadelphia Industrial Development Corporation (PIDC). The Startup PHL Seed Fund is an effort by the City of Philadelphia and PIDC to increase the availability of investment capital for Philadelphia-based startups. The Startup PHL Call for Ideas is a grant program to support innovative proposals for ideas that support business creation and entrepreneurs of all stripes in Philadelphia. More information about the City of Philadelphia Department of Commerce can be found at www.phila.gov/commerce.

Philadelphia Industrial Development Corporation:
Beginning in 1958 as a non-profit joint venture between the City of Philadelphia and the Greater Philadelphia Chamber of Commerce, PIDC is Philadelphia’s economic development corporation. In the past 55 years, PIDC has invested more than $11.4 billion in Philadelphia supporting $21 billion of total project costs. Currently managing a diverse loan portfolio in excess of $600 million, PIDC brings years of experience and a wealth of knowledge to structuring real estate and financing transactions that attract investment and create and retain jobs in the City of Philadelphia. PIDC has partnered with First Round Capital to create a $6 million public/private venture fund, the Startup PHL Seed Fund. Both PIDC and First Round Capital have invested $3 million and First Round Capital manages the fund increase the availability of investment capital for Philadelphia-based entrepreneurs.

Nutter welcomes Brand.com to new HQ in Center City Philadelphia

September 5, 2013 | WHYY Newsworks by Zack Seward

Want to look good online? That’s what Brand.com promises. On Thursday, Philadelphia Mayor Michael Nutter did his best to return the favor, welcoming the company to its new headquarters in Center City. Nutter took the opportunity to highlight his administration’s efforts to build up the Philly tech scene. “We are focused each and every day on companies like Brand.com and many, many others,” Nutter said, “to be in Philadelphia, to encourage their location or expansion and to do everything we can to improve the economy here in this city.”

That includes certain tax exemptions for startups as well as initiatives like StartUp PHL. Brand.com moved into the city from West Chester, Pa., in January, spending months deciding where to locate its corporate headquarters for keeps.

Nutter said the firm’s move is another sign that companies are cluing in to Philadelphia’s growing pool of tech talent. “There’s a tremendous amount of talent right here in the city,” Nutter said.

Brand.com president Michael Zammuto says that was a big reason why his company chose the Curtis Center at 6th and Walnut. The company is on a veritable hiring spree, he says, looking to add 100 workers over the next 12 months, including 30-40 in the next month or so.

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