Photo by J. Fusco for Visit Philadelphia™
Philadelphia just earned another accolade that speaks to the steady rise of its entrepreneur community.
The city has been designated a national “talent hub” — one of just 17 “creative and entrepreneurial engines” across the country that “power our nation.”
The honor comes from the independent Indianapolis-based Lumina Foundation, which identified the communities after evaluating cities on rigorous standards for crafting environments that attract, retain, and cultivate talent, particularly among students of color, students from low-income households and those who are the first in their families to go to college.
Philadelphia will receive $350,000 in grant funding over 42 months to support local efforts to educate more people, giving community and postsecondary leaders a chance to better meet the specific needs of residents. Read more »
It’s been less than a month since the FDA approved the country’s first gene therapy, CAR-T, which can be used to fight cancer and other life-threatening illnesses.
The groundbreaking therapy, known as Kymriah on the market, came out of a partnership between researchers at the University of Pennsylvania and Novartis that launched in 2012. The price tag on the drug? $475,000 for the one-time customized treatment. Some officials in the drug industry are not happy. Read more »
Image courtesy of Peirce College.
This week, Peirce College officially became the first Philadelphia-area higher education school to partner with Comcast on Internet Essentials. The school’s students, many of whom are working adults, are now eligible for the low-cost internet service and affordable computers.
To be eligible, participants must be currently enrolled at Peirce classes and live within the Comcast footprint. The program includes 15/2 Mbps internet for $9.95 per month plus tax, access to low-cost computers for $149.99 plus tax, free in-home WiFi, and 40 hours of access to Xfinity WiFi hotspots per month. Read more »
The findings of a new report released this week from recruitment media company Nexxt won’t come as a surprise to anyone who lives and works in Philadelphia, but the research is a friendly nudge that the city still has work to do.
The King of Prussia-based company surveyed more than 600 job seekers in the region to get their thoughts on Greater Philadelphia’s job landscape. Among the study’s biggest findings is that Philly’s job market still has a glaring reputation problem (surprise!).
About 63 percent of those surveyed said they do not feel there are the same long-term career opportunities when compared to Boston, New York City, and Washington, D.C. Specifically, survey takers felt Philly has: Read more »
L: ic@3401. R: Angela Duckworth.
If the word “grit” entered your lexicon sometime in the last few years, you likely have Angela Duckworth to thank. She’s the author of the best-selling book “Grit,” which Forbes named a “Must-Read Business Book for 2016.” Now Duckworth, who’s also a recipient of the esteemed MacArther Foundation “genius grant,” will set up shop at the Science Center in University City with her team Character Lab. Read more »
Screenshot of Bloomberg segment featured Mayor Kenney.
Philadelphia is working really hard to craft its bid for Amazon and on Monday, Mayor Kenney raised the bar on the competition with a Bloomberg appearance.
That’s right, our Mayor was in the hot seat for a solid two minutes fielding questions about Philly’s pitch from not one but three Bloomberg “What’d You Miss?” hosts.
When asked about the details of Philly’s “Operation Amazon,” Kenney was quick to hold up Philly’s universities, medical centers, geographic location, transportation system, and large representation of immigrants and millennials as the city’s competitive advantage. Read more »
PCI’s Commercialization Guide.
Philly’s been working to boost the rate at which it commercializes tech, and a shiny new resource from the Penn Center for Innovation (PCI) signals the continued push.
PCI calls it the Commercialization Guide — a nearly 40-page booklet that lists everything a researcher or entrepreneur could possibly ever need to know about tech commercialization. Questions like, “How on earth do I license my technology?” and “Why create a startup anyway?” are all addressed in plain language.
For starters, the guide defines tech commercialization or tech transfer as the “creation of business relationships between the university and the commercial sector for the purpose of creating products and services based on discoveries invented at the university.” And those relationships can take the form of licensing deals, industry partnerships, and the formation of startups. Read more »
Matthew A. Taylor (L) Matthew Taylor (left) will succeed John Soroko (R) as chairman and CEO of Duane Morris.
In the last 10 years, Duane Morris has grown into a 750-attorney firm that’s expanded internationally and weathered hardships like the financial crisis and major changes in client expectations. And now the leading Philly firm has named Matthew A. Taylor as its next chairman and CEO.
Taylor, firm vice chair and trial practice group chair, will become the firm’s ninth chairman and CEO since the firm’s founding in 1904, assuming the role from John J. Soroko who served as chairman and CEO for the last 10 years. Soroko will become chairman emeritus and return on a full-time basis to his litigation, appellate and mediation practice. Read more »
The U.S. has ways to go when it comes to conditions for working women — we’re far behind on equal pay and paid leave, for example — but some companies have made notable strides on these issues at their workplaces. Last week, Great Places to Work and Fortune, released the 2017 100 Best Workplaces for Women list that included three Philadelphia-area companies — Goodway Group, SAP, and Comcast.
Ranked the highest on the list is Jenkintown-based advertising and marketing company Goodway Group at No. 14. With 413 employees, one surveyed said, “Goodway Group is a tech company that is over 75 percent women. We work from home so we’re able to have a very healthy balance of work and life.” She added, “I’ve been at Goodway for about four and a half years, and, in that time frame, I’ve been able to get married and now am expecting my third child this year.” And with so many women at the company, 66 percent of women there are in executive or manager positions. Read more »
L to R: Michael Solomonov (HughE Dillon), Blanka Zizka (YouTube), Osagie Imasogie (Flcikr) were all welcomed into the 2017 class of the Innovators Walk of Fame.
The U.S. wouldn’t be the powerhouse it is today without the contributions of immigrant entrepreneurs, and this idea holds especially true in Philadelphia. On Thursday, the University City Science Center honored six of these entrepreneurs who have transformed Philadelphia in tech, science, engineering, food, and the arts.
The entrepreneurs make up the Science Center’s 2017 Class of the Innovators Walk of Fame, a project launched in 2013 to spotlight local innovators who have made groundbreaking contributions that have revolutionized how the region and even the world work.
“These honorees represent the, power, potential and impact of the immigrant community” said Science Center president & CEO, Stephen S. Tang. “The 2017 Innovators Walk of Fame honorees celebrate their ideas that have changed the world, the jobs they’ve created, and the legacies that have paved the way for future immigrants and innovators.” Read more »