INC. BRANDED CONTENT / PHILADELPHIA
network of technology CEOs and senior
executives. Philadelphia technology companies attracted $119.9 million in venture
capital funding between the third quarter
of 2015 and end of June 2016—ahead of
cities like Baltimore and Washington, D.C.
during the same time period, according to
a report by JLL, the professional services
and investment management firm.
To fuel the momentum, the city is
investing in and promoting a number of
programs to support its business community. The Department of Commerce is
currently piloting a program called Gateway Philly, which offers partial rent reimbursement to firms
that open a Philadelphia office with at least 20 employees.
Meanwhile, StartupPHL, a platform to support startups
and help them thrive in Philadelphia, runs the StartupPHL
Angel and Seed Funds, investing in local startups like Scholly,
an app that helps students identify scholarship opportunities
and whose CEO appeared on ABC’s Shark Tank.
Grants programs such as Call for Ideas sup-
port entrepreneurial organizations in the city
like Coded by Kids, which received $16,500
to help develop and pilot a data science
curriculum at two city recreation centers.
;e Hacktory, which ran a series of summer
hardware boot camps for area professionals,
received a $24,000 grant.
“We want to grow equitably and make sure
program has played an active role in advancing the Southeast
everyone has opportunity and access to partici-
pate in the digital economy,” says Archna Sahay,
former director of entrepreneurial investment
for the City of Philadelphia
Philadelphia works closely with the
Pennsylvania Department of Community & Economic Develop-
ment (DCED), through the DCED’s O;ce of Technology and
Innovation. ;e Department’s Keystone Innovation Zone (KIZ)
Pennsylvania tech scene. ;e region has six KIZs and has been
instrumental in approving 87 awards valued at more than $5.7
million in 2016, says Sheri Collins, deputy secretary at the
Philadelphia’s diverse economy is made up of thriving businesses ranging from startups to multinational companies.
place for tech
says. “Our goal is
to make it the
Silicon Valley of