Technically Philly is a news site covering technology, startups and venture capital in Philadelphia.

Tag Archives: Murex Investments

Philly Geeks: the scene that gives back

In February, venture capitalists, entrepreneurs and non-profit employees gathered at a coworking space in New York’s Tribecca neighborhood to chat ”Social Entrepreneurship:” businesses that focus as much on social good as the bottom line.

Halfway through the event, organized by Philadelphia’s Good Company Ventures, an audience member asked what city should serve as the center of this social entrepreneurship movement. A surprising number people immediately responded, “Philadelphia.”

It’s no secret that most large America cities are vying to be “The next Silicon Valley.” This typically means a focus on early stage technology and Internet startups, some of which—hopefully—become large employers drawing lots of young, highly educated taxpayers.

While Philly has no shortage of people clamoring for an effort to remake the city into a “Philicon Valley,” recent trends indicate that the city’s entrepreneurial community is busy carving out a different niche in the nation’s technology environment: startups focused on social good, not just the bottom line.

This isn’t an uphill battle, the city is home to some of the leaders in the field of Social Entrepreneurship. Here are some of the local players working to use technology and business to make Philadelphia—and the world—a better place:

Read more at Philly Post.

GoodCompany Ventures launches with ten, asks DreamIt to play kickball

Edit: Removed information from an old press release.

GoodCompany Ventures, the Center City-based incubator focusing on companies that are not only profitable but also fulfill societal needs, kicked off its 2010 Social Impact Incubator class this week. According to a press release, Mayor Nutter was on hand to begin the summer for ten new companies.

GoodCompany operates much like University City-based DreamIT Ventures (which it challenged to a kickball game): after a summer of incubation, the companies are presented at a “funding day.”

The incubator, co-founded by Garret Melby, Jacob Gray and Christopher Bentley, adds an an ever-growing group socially-conscience entrepreneurial organizations in the region which already include Bcorp, Murex Investments and Missioneurs.

Follow us after the jump to see the complete list of companies:


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GCV launches in Philly, still looking for companies

From Left: Jacob Gray, Len Lodish, Gil Beyda, Nate Lentz, Tom Balderson, Josh Kopelman

After stopping in Austin, Texas and the 67th Ward, GoodCompany Ventures has finally come home.

Last week, like they did in New York City, the socially-minded incubator gathered some of the sharpest local minds in venture capital to discuss the future of “social entrepreneurship” and to drum up attention for the incubator’s 2010 class, now accepting members until April 28.

Packed into the Blank Rome Conference Center, just off of Logan Square, journalists, students, investors, CEOs and entrepreneurs listened closely as the whirlwind presentations culminated into panel debate.

The result was an analysis of the local venture capital community and a spirited discussion about the merits of “social” investing.

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VC Roundup: Is VC ready for its turnaround?

Welcome to the VC Round-up, where we’ll parse through venture capital news related to Philadelphia-based private equity firms and the companies they fund. Subscribe to the roundup as an email newsletter. If you have any VC-related news to pass along to us, please drop us a line.

DEFINITE READS

According to the VCs assembled in New Jersey for the New Jersey Technology Council conference, VC activity is primed to heat up in the coming months. Bala Cynwyd-based Osage Partners was among the local firms in attendance. “If you can survive the last three years, then you have something,” said one attendee.

Ben Franklin Technology Partner has anounced nearly $600,000 in investment, including $50,000 going to Viddler. If you remember, Viddler told us in October: “We’re done funding.”


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Profit and conscious with new South Philadelphia incubator

goodcompany

They’re going to incubate profitable good works.

That’s much the angle of GoodCompany Ventures, which opened its Philadelphia Naval Yard Business Center offices with a ribbon-cutting ceremony highlighted by appearances from Mayor Michael Nutter and Chuck Lacy, a former president of Ben & Jerry’s Ice Cream, yesterday.

All the startups they take in will be for-profit and looking to make a difference or two.

Yesterday, the incubator was also welcoming its inaugural 2009 class of “social entrepreneurs,” including the following: Cyrus-XP, which focuses on advancing the management and delivery of healthcare; CalendarFly, a single source scheduling solution for families (for a test drive, use “student for username and password), and VolunteerBIG.com, a philanthropic social network that was gunning for grant money earlier this year.


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