Ben News

Philadelphia’s Startup Ecosystem Climbs 15 Spots Into the Top 30 Worldwide, Report Says

September 22, 2021

Philadelphia’s startup ecosystem ranks among the best in the world, reaching No. 28 globally, according to the latest report from research firm Startup Genome. Startup Genome’s Global Startup Ecosystem Report ranked more than 275 regional ecosystems based on factors like startup growth and activity, innovation and research, capital availability, talent and support for companies. Silicon […]

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PA Emerging Technologies Caucus visits Ben Franklin in the Navy Yard

September 2, 2021

Representatives Napoleon Nelson and Melissa Shusterman of the Emerging Technologies Caucus visited our Navy Yard offices in August to learn about blockchain, robotics and other innovative technologies that are helping build transformative companies and communities across the Commonwealth. Watch their recaps of their visit here. We need small innovative companies to stay here in PA. […]

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5 Years of ImpactPHL Ventures: ‘Big Change can be Enabled with Key, Early Investments’

August 2, 2021

In 2016, Philadelphia’s economy was doing well by many traditional measures, boasting nine consecutive years of population growth, declining unemployment, increasing levels of educated residents, and a growing national reputation as a startup and technology hub. Ben Franklin Technology Partners, having invested $200 million in more than 2,000 companies generating more than 32,000 jobs since […]

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Ben Franklin Technology Partners Uses Additional Funds to Focus on ‘Surviving and Thriving’ firms during pandemic

July 20, 2021

Ben Franklin Technology Partners of Southeastern Pennsylvania, a state-backed nonprofit, invested $6.9 million in 46 companies last year, an increase of over $2 million from 2019. BFTP receives funding from the state, the previous year’s returns, and partner capital – which includes universities like Temple and Drexel along with health care companies like Independence Blue […]

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Philadelphia Foundation Announces Inaugural Civic 50 Greater Philadelphia Honorees

July 1, 2021

Philadelphia Foundation, in partnership with Points of Light and its local chamber partners, is pleased to announce The Civic 50 Greater Philadelphia 2021 honorees. These 50 community-minded regional companies were determined by an independently administered and scored survey to be aligned with national standards for good corporate citizenship. The Civic 50 Greater Philadelphia is the […]

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Member Perspective: Scott Nissenbaum

May 14, 2021

What can local leaders do to help accelerate the growth of technology-driven enterprises? Founders of emerging companies will tell you “invest more.” This is true: capital will help accelerate growth, but only if the capital is invested wisely. Our region is already praised as one of the most capital-efficient markets for emerging ventures, so more […]

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Philadelphia Businesses Commit to Invest in Black and Brown-Owned Companies

April 26, 2021

The Chamber of Commerce for Greater Philadelphia announced Tuesday the creation of the Diverse Procurement Collaborative to increase opportunities for small, Black and brown-owned businesses by partnering with buyers to establish procurement goals and strategies. The Diverse Procurement Collaborative is part of the Chamber’s Recharge & Recover PHL initiative, a coalition to devise, present and […]

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These Philadelphia Organizations Are Teaming Up To Build A Pipeline Of BIPOC Tech Founders

April 22, 2021

The Philadelphia Alliance for Capital and Technologies (PACT) and Ben Franklin Technology Partners are teaming up with Coded By Kids to make Mentor Connect, a program that matches founders with experts, more diverse. They say it’s the first of its kind in the city. In a city whose tech sector is steeped with racial and […]

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Coded by Kids is Bringing an Inclusive Lens to the Mentor Connect Founders Program

April 6, 2021

Mentorship is widely noted as one way to boost underrepresented entrepreneurs. So as part of the Department of Commerce’s PHL: Most Diverse Tech Hub initiative, Philly nonprofit Coded by Kids is partnering with two orgs on their longstanding program to get young business talent connected to mentors. Ben Franklin Technology Partners and the Philadelphia Alliance […]

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A Veterinarian and a Tech Guru Walk into a (Coffee) Bar…

March 24, 2021

In 2015, an unexpected meeting between two Terps – who graduated 18 years apart – led to the creation of Instinct, a software designed specifically for veterinary hospitals. Here’s how it happened. After graduating from veterinary school in 2008, Dr. Caleb Frankel ’04 hoped to someday open a chain of specialty animal hospitals. But while […]

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