INC. BRANDED CONTENT / PHILADELPHIA
“Access to capital continues to be a challenge for many entrepreneurs,
especially those just starting out,” Kenney says.
To help them, the Department of Commerce partners with the
international nonpro;t Kiva to provide small businesses access to
microloans of up to $10,000. In addition, the new Capital Consortium, a public-private partnership, helps to provide loans and
technical assistance to small businesses, Kenney notes. ;e city
changed its tax policy to support businesses and, in 2016, exempted
the ;rst $100,000 in gross receipts for all businesses, he adds.
Philadelphia’s health care ecosystem has been another
important hub of innovation and is fueled by a healthy funding
pipeline. ;e city’s life sciences sector received $913.5 mil-
lion in National Institutes of Health funding, making it a “top
winner” in federal research funding, JLL found.
For nearly 80 years, Independence Blue Cross has played an
important role in health care innovation in Philadelphia and
beyond. “We are committed to developing and supporting the next
generation of digital health entrepreneurs and helping our region
become a global center for health care innovation,” says Independence Blue Cross President and CEO Daniel J. Hilferty.
;rough its Independence Center for Health Care Innovation,
Independence runs its design thinking program, Human-Centered
InnovationSM, which initially set out to change the way its associates
solve complex business problems and is now sought a;er externally
by universities, health care leaders, fellow Blue plans, and others.
Independence is a founding member of several key initiatives
to improve the overall health care experience. At Dreamit Health
Philadelphia, the ;rst national health care accelerator in Philadelphia, Independence Blue Cross has partnered with Penn Medicine
since 2013 to provide coaching, contacts, and seed money to
disruptive health care startups nationwide. ;rough the Health
Care Innovation Collaborative, Independence works with major
health systems, large employers, and investors to help the region
become a global leader in health care innovation by evaluating and
implementing health care ideas and solutions. In addition, through
the Healthshare Exchange, Independence collaborates with major
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