With funding from an array of venture capitalists and investors, the Education Design Studio Inc. (EDSi) is a new hybrid incubator and seed fund established by the University of Pennsylvania's Graduate School of Education.
In less than a year, Philadelphia's Cloudnexa has generated $2.3 million in investments, signed multiple, multi-million-dollar contracts, created a workforce of 16 and moved into new corporate headquarters at the Philadelphia Navy Yard.
RxSport Corporation in Norristown has perfected a technologically advanced and labor-intensive process that results in baseball bats of exceptional strength, reliability and performance.
Nine early-stage Philadelphia tech companies will receive nearly $2.2 million from Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) to advance their businesses.
After a number of rough years, 2012 saw an increase in the number of venture capital deals and dollars flowing to Philadelphia region technology companies. And 2013 is looking good.
In three years, the digital incubator housed in Philadelphia's largest media hub has drawn $7 million in investment and created 50 jobs.
Two global giants � GE and Dow � have made significant investments in Pennsylvania, with large physical expansions, retaining and possibly creating new jobs.
The first startup incubator in the country to take root within a traditional media company is gearing up for a new class of startups with $345,000 from the John S. and James L. Knight Foundation.
QLIDA Diagnostics, a Philadelphia startup, is developing an ultra portable detection work station for cardiovascular disease, built around a smart phone.
QR Pharma of Berwyn is a specialty pharmaceutical company developing novel treatments for Alzheimer's, Parkinson's and other neurodegenerative disorders.