Ben News

Investment Deals Slow For Ben Franklin Technology Partners In ‘Tightened’ Capital Market.

September 19, 2023

Investments by Ben Franklin Technology Partners of Southeastern Pennsylvania in fiscal year 2023 reflected a slow capital market, and CEO Scott Nissenbaum said more of the same could be coming. Ben Franklin receives state funding, so it isn’t as pressured by external market conditions as a traditional venture capital firm, but it still saw fewer companies raising […]

Two Philly-Area Groups Vie For New Federal Regional Tech Hub Designation

August 18, 2023

Under the CHIPS and Science Act, the U.S. Commerce Department will award 20 or more winning regions $50 million to $75 million to create globally competitive industry clusters. Two Philly-area groups focused on biotechnology and precision medicine want to win a new federal designation as regional tech and innovation hubs under a U.S. Department […]

Four Leaders To Be Honored By The Science Center At 2023 Nucleus Awards

August 15, 2023

Celebrating 60 years of scientific innovation, the Science Center will honor four individuals who have demonstrated leadership in fostering a more innovative, collaborative, and equitable future during its annual Nucleus Awards, presented by CSL. The Nucleus Awards, taking place on September 26th, is the Science Center’s annual celebration convening the region’s leaders in support of cementing Philadelphia […]

The Most Effective Actions These 8 Orgs Have Taken Toward DEI

July 10, 2023

Since 2020, many companies and organizations have made pledges and commitments related to diversity, equity and inclusion, although the effectiveness of these campaigns has varied widely. Some of the most successful initiatives have been from groups that have established histories of investing in their tech and business ecosystems like universities, law firms, accelerator programs, economic […]

TITAN 100 – Recognizing 100 CEOs & C-Level Executives

June 14, 2023

The Titan 100 program recognizes the top 100 CEOs & C-level executives. They are the area’s most accomplished business leaders in their industry using criteria that includes demonstrating exceptional leadership, vision, and passion. Collectively the 2023 Philadelphia Titan 100 and their companies employ more than 93,000 individuals and generate over $33 billion dollars in annual […]

Study: Ben Franklin Grew PA.’s Economy By $6.1 Billion, Created 16,6006 Jobs From 2017 to 2021

April 27, 2023

Ben Franklin Technology Partners generated $400 million in tax receipts for the state and boosted Pennsylvania’s overall economy by $6.1 billion between 2017 and 2021, helping to create 16,006 high-paying jobs during that same period, according to the latest in-depth independent economic analysis. Since its inception more than 40 years ago, Ben Franklin has now boosted the state […]

Across Q1 And Q2, Ben Franklin Tech Partners Is Investing Nearly $3M Into 12 Philly-Area Startups

February 7, 2023

Plus, the state-backed investment firm is raising a $25 million fund, similar to the Go Philly Fund from 2019 in partnership with Newtown-headquartered EPAM. It’s a busy start to the year for Ben Franklin Technology Partners‘ (BFTP) Southeastern Pennsylvania branch. The state-backed firm recently announced it’s slated to make investments in seven local startup companies. The […]

Ben Franklin Technology Partners Invests $2M In 7 Philadelphia-Area Startups, Plans New $25M Fund

February 6, 2023

Ben Franklin Technology Partners of Southeastern Pennsylvania is investing $2 million in Philadelphia-area tech and health care startups before setting its sights on a new late-stage fund with a goal of raising at least $25 million — a welcome commitment for local startups as venture capital funding dries up. The investments were made in two […]

Founding Philly Podcast Ep. 12: Ben Franklin Tech Partners Of Southeastern Pennsylvania, President And CEO Scott Nissenbaum

February 3, 2023

Every other week, I share a new episode from my podcast Founding Philly, where I dive into the stories of the innovators, founders and builders who are shaping the Philly startup scene. Are you a founder, aspiring entrepreneur, or business professional? Then this is for you. Listen to their stories and the lessons learned along […]

Ven Raju Named Innovation Works CEO

October 14, 2022

Ven Raju has been named president and CEO of Innovation Works, a North Shore-based seed stage investor in tech startups, replacing Rich Lunak, who is retiring. Mr. Raju, 43, was chosen from among more than 135 candidates nationwide after a competitive search by Korn Ferry, an executive and recruitment firm. His first day of work […]