On Thursday night, the Philadelphia Alliance for Capital and Technologies (PACT), held their 24th Annual Enterprise Awards. The event, sponsored by Fairmount Partners, honored eleven local businesses and individuals that have made exceptional contributions to technology, healthcare and related fields. With a record number of over 400 submissions, this year’s Enterprise Awards were the most competitive yet, with a list of winners spanning every branch of Philly’s hotbed of innovation. Read more »
The tech industry has hit a rough patch with Governor Tom Wolf.
To close a $3 billion deficit in the Commonwealth’s 2017-18 budget, Wolf has proposed the reinstatement of a statewide sales tax on software development, hardware consulting, and other computer services firms, the Pittsburgh Post-Gazette reports.
At six percent, the so-called “technology tax” would be at least two percent higher than those of any of the other four states (Hawaii, Connecticut, South Dakota, New Mexico) that currently impose broad taxes on these services. The number has Pennsylvania’s tech sector worried. Read more »
Monday night, Philadelphia’s entrepreneurship community got treated to a refreshingly honest discussion as part of Philly Tech Week 2017 about the emotional and hopeful journey of being both a successful entrepreneur and a successful venture capital investor.
The panel discussion was convened by the Penn Center for Innovation (PCI) in partnership with PACT at the Pennovation Center, Penn’s new incubation and startup space that opened last fall. The space serves as a very visible symbol of the university’s focus on contributing to Philadelphia as a center for tech innovation and startups.
John Swartley, PCI’s Managing Director, moderated two of the most successful Philadelphia-based entrepreneurs: Josh Kopelman, now a nationally prominent venture capitalist and founder of First Round Capital and Apu Gupta, CEO of one of First Round’s local portfolio companies, Curalate.
Both Kopelman and Gupta provided some compelling insight for the standing-room-only crowd of mostly entrepreneurs and investors. Here are some of the key takeaways from the talk: Read more »
In celebration of International Women’s Day and in honor of women’s contributions to the global economy, women around the country are taking part in the Day Without a Woman strike.
Back in January, millions of women around the world gathered in defiance of the Trump regime and today’s strike, as the administration moves to defund Planned Parenthood and stall abortion services, was another effort to highlight the sexual harassment, discrimination, job insecurity, and lower wages that women often face in the workplace.
While organizers asked participants to stay away from work, avoid shopping at big businesses, and wear red for solidarity, hundreds of women in Philadelphia convened at a PACT Foundation breakfast to discuss how the region can push for more women-led and women-owned businesses. Read more »