Fueling Temple discoveries to take charge in business.
About Temple Ventures – Powered by Ben Franklin
Temple University and Ben Franklin Technology Partners of Southeastern Pennsylvania have developed a new joint initiative: Temple Ventures—Powered by Ben Franklin. The new initiative is a $1 million startup accelerator designed to assist startup companies advancing Temple-created technologies.
What is Temple Ventures – Powered by Ben Franklin?
It’s an innovation partnership designed to help create independent startup ventures in the greater Philadelphia area from Temple-based technologies. Temple and Ben Franklin are investing both capital and consulting resources to develop great ideas into promising businesses.
Temple’s reputation for innovation is well established. By matching the discoveries from Temple’s research facilities with Ben’s technology commercialization pedigree and partnerships, formation of new companies will help accelerate the growth of technological and commercial innovation in the region at large.
How does it work?
Ben Franklin and Temple have committed both investment capital and business consulting services specifically to build new businesses from the minds and labs at Temple.
Temple Ventures features three main components: 1) a joint Temple/Ben Franklin Seed Fund for prototype and startup funding; 2) New business launch resources to support the formation of the new Temple-created technology ventures; and 3) incubation services to provide workspace, professional resources, and management and commercialization guidance.
Temple will identify potential technologies well-suited for seed capital and strategic development from its various departments and labs. Ben Franklin will utilize its capital, counsel, and connections to help develop commercialization strategies from those technologies, and provide critical access to the region’s broader technology investment community.
Together, Temple and Ben Franklin will invest in those companies from the combined seed fund. $1 million has been committed for the program’s pilot, with intent for an additional $1 million per year for the next five years.
Are you an entrepreneur? Or Investor?
Want to be a part of Temple Ventures?
Complete the below form and we will be in contact with you.