Social Impact

Caterpillar Acquires Tangent Energy Solutions

May 11, 2022

Caterpillar Inc. (NYSE: CAT) has acquired Tangent Energy Solutions, a U.S.-based energy-as-a-service (EaaS) company. Headquartered in Kennett Square, Pennsylvania, Tangent Energy provides customers with turnkey solutions for reducing energy costs, increasing energy efficiency, reducing emissions, monetizing electric grid support and providing resiliency for customer operations. “Tangent Energy has developed a suite of intelligent energy solutions […]

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Thriving Alumni Businesses Succeeded After Finding Support at Temple

April 4, 2022

Bucha Bio and Simply Good Jars want to change the way we dress, design, manufacture and eat. The two companies are pushing the boundaries of biotech and culinary technologies, and they aim to not only improve the lives they touch but to also reduce environmental impacts associated with their industries. The companies have another thing […]

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How Can Investors Get More Capital to Women Founders? ‘Pay Attention to the Barriers at Play’

March 9, 2022

Gaining access to venture capital isn’t a new challenge for underrepresented founders, or those seeking to work in VC. But approaches to solving it are changing. Women are consistently left out of conversations with investors, are granted less funding, and only represented a tiny percentage of all venture capital raised over the last 30 years. […]

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Wireless Panic Button Startup Raises $1.8M in Oversubscribed Round

February 28, 2022

ROAR for Good raised $1.8 million in growth capital to ramp up distribution of its wireless panic button systems for hotels and health care facilities. The Philadelphia startup initially sought to raise $1.5 million, but investors surpassed the company’s goal for growth capital, ROAR for Good Founder Yasmine Mustafa said. She declined to disclose the […]

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‘Shark Tank’ Company Simply Good Jars Strikes Deal with Wawa After Sales Soar 1,200%

February 8, 2022

Simply Good Jars is growing rapidly — its sales, its customer base, its physical footprint and its availability. The Philadelphia startup, which appeared on ABC’s “Shark Tank” last March, has seen exponential sales growth of about 1,200% since January 2021, CEO Jared Cannon said. That has allowed his operations to expand and his ambitions to […]

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5 Years of ImpactPHL: 15 Regional Impact Investing Growth Signals to Accelerate

October 8, 2021

What future do you imagine for the Greater Philadelphia region? When we ask this question, responses touch on everything from climate resiliency to racial justice, eliminating poverty to greater health equity. While the answers are varied, they boil down to a common core: People want well-being for themselves, family, neighbors, communities, our region, and our […]

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ROAR for Good Just Got its Tech Patented. Here’s What That Means for the Safety Device Company

September 29, 2021

ROAR for Good, maker of a personal safety devices for hospitality and other workers, had a challenging year as it navigated the pandemic’s impact. CEO and cofounder Yasmine Mustafa had pivoted the company from B2B to hospitality right as COVID-19 made it one of the hardest-hit industries of 2020. But she kept her eyes on […]

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Morgan Berman is Leaving Milkcrate as CEO to Run a Nonprofit. Here’s Why

September 13, 2021

Since launching locally in December 2019, Life Science Cares Philadelphia (LSC) has become known for connecting life sciences companies to poverty-reducing causes. With its former executive director Pete Wolf retiring, the nonprofit has found a new ED in entrepreneur Morgan Berman. Yes — that’s MilkCrate CEO and outspoken social entrepreneurship advocate Morgan Berman. And yes, […]

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Nexteon Technologies Completes First Commercial Aviation Cyberattack Detection Flight Test

August 30, 2021

Nexteon Technologies, Inc., a leader in advanced aviation technologies, announced today that it has completed the first in-flight test simulating a cyberattack on an Automatic Dependent Surveillance-Broadcast (ADS-B)-equipped aircraft. During the 30-minute flight, Nexteon’s SecureTrack™ technology was able to successfully detect and characterize the intrusion and generate security alerts. The test was conducted on July […]

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Excision Announces NIH Martin Delaney Grant Awarded to Temple University to Support “CRISPR for Cure” for HIV

August 30, 2021

Excision BioTherapeutics Inc, the developer of CRISPR-based therapies intended to cure viral infectious diseases, today announced that the Temple University team collaborating with Excision on a project, CRISPR for Cure, has received a Martin Delaney Grant from the National Institutes of Health (NIH) of $4.8 million on an annual basis for the next five years […]

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