Featured Company Application Criteria

APPLICATIONS: NOW OPEN!

In lieu of an application, we are accepting company slide decks for the selection committee to review. To be considered for a presentation slot, please upload an investor slide deck based on the following criteria: 

  • Decks should be limited to 15 slides (including the cover)
  • The following information shall be included/addressed in the Investor Deck:
    • Summary Financial Data: 5 YR Summary Income Statement: (Revenue, Cost of Goods Sold, Gross Margin and EBITDA) for the 2 most completed years, the current year and the next 2 years.  For example, a calendar year company would present 2015, 2016, 2017, 2018 and 2019.  If the company had no operations in 2015 or 2016 put N/A in applicable year(s).
      • Please provide a picture like shown:
        2015 2016 2017 2018 2019

        • Rev
        • CGS
        • GM
        • EBITDA
        • (Numbers in ‘000’s)
    • Capital Raised to Date.  Investors – If capital has been raised by institutional investors please note by who.  If raised by angle investors or HNW individual you may just note as Angles or HNW (unless you wish to disclose)
    • Amount of Financing Sought and use of funds
      • Please list the firms with which the company has key professional relationships, specifically (if applicable): Accounting, Legal and Commercial Bank
      • Current Headcount
      • Location
      • Contact information for the CEO and, if applicable, senior financial member of the team (Controller, VP of Finance, CFO)
  • The Investor Deck should address the following:
    • Vision/Elevator Pitch
    • The problem/pain point the offer addresses
    • Market Opportunity
    • Your Solution: Product/Service description
    • Please include stage (prototype, beta, live in 10 client sites, etc.)
    • Revenue Model and Pricing
    • Marketing Plan
    • Team
    • Financial Projections (see additional details above)
    • Competitive Landscape

PACT Supports the International Entrepreneur Rule

Alongside the National Venture Capital Association, PACT will be signing a letter in support of the International Entrepreneur Rule. We stand ready to help implement this rule that will ultimately allow the creation of new companies in the United States of America. Unfortunately, the Department of Homeland Security (“DHS”) has delayed the effective date of the International Entrepreneur Rule and plans to propose to rescind the rule. This decision contrasts with President Trump’s goal of spreading economic prosperity across the United States and ensuring the U.S. remains the global leader in innovation. We strongly encourage DHS to keep the rule in place and use the effective date delay to prepare for accepting applications from entrepreneurs beginning in March 2018.

Here are the benefits of keeping the International Entrepreneur Rule in place.

  • The International Entrepreneur Rule will allow the world’s best entrepreneurs to create jobs in our country, rather than overseas where they will then compete with American workers.
  • Keeping in place the International Entrepreneur Rule would further President Trump’s goal of spreading economic prosperity to areas of the country in desperate need of new jobs.
  • Unfortunately, American entrepreneurship is at a crossroads. Immigrant entrepreneurs can provide a key shot of entrepreneurial energy into the U.S. economy.
  • Retaining the International Entrepreneur Rule will also further President’s Trump’s goal of making the U.S. more competitive on a global basis.
  • The United States must keep in place the International Entrepreneur Rule to attract the best entrepreneurs rather than push them away.

The administration can embrace the economic benefits by not seeking to rescind the rule and instead by preparing to accept applications from talented entrepreneurs who will bring with them new jobs for Americans who need them.

Read the final letter.

The CEO at Exit: Prepare; Talk; Listen; Empathize

Being the CEO and running your business during “normal days” is full of challenges whether you are growing fast, slow, or not at all.  When the opportunity arises, either by luck or happenstance or by your own decision and initiative, to go down the path of exiting (selling) your business, a very different array of challenges emerges for you.  Because now you are entering a process for which you were never trained, and if you are lucky, perhaps you experienced this once, maybe twice, but likely never at all.  There is not a single CEO I have worked with or spoken to about the exit process who has not defined it as anything but the complex, confusing and convoluted process that it is.  So if this is the feeling of the CEO about the exit process, you can easily imagine the emotional and physical state of every member of the CEO’s team as they live through this too.  Then what do you need to do to lead your team to perform, cope with, and survive the process to not only the closing but through life thereafter?

Click here to read the full article.

The Connected Health Cloud: From Concept to Catalyst

Recently, a local organization and PACT member,  CloudMine, was cited as a leader in The Forrester Wave™: Enterprise Health Clouds, Q3 2017. The report was released on July 26, 2017 by Forrester Research, Inc., a leading global research and advisory firm, to help healthcare CIOs objectively evaluate enterprise health clouds.

Vendors were evaluated on 37 criteria, grouped into current offering, market presence, and strategy. Ten vendors were evaluated, each one providing: easy integration with major EHR providers; the ability for enterprises to develop a 360-degree view of their patients; advanced analytics capabilities, including patient analytics; SDK and API inclusion; data governance and access management; and HIPAA compliance in handling PHI. CloudMine was one of five vendors cited as a leader.

The vision of digital transformation of healthcare is expressed through many innovations, including major initiatives telemedicine, IoT/wearables integration, mobile-enabled clinical trials, and integrated disease management. With the emergence of policy mandates such as the 21st Century Act and MACRA, the motivation to accelerate this transformation is increasing. However, a significant gap exists in this evolution: a lack of interoperability poses a major barrier to achieving connected health. CloudMine, a venture-backed health cloud platform provider, is leading the way to a more agile, better connected healthcare experience.

Access your complimentary report here to learn more from Forrester.

NKF Represents Seller in Sale of 212 Church Road in Upper Gwynedd Township

Wayne, PA (July 19, 2017) — Newmark Knight Frank (NKF) announced today that Neil Shupak and Justin Bell, of NKF’s suburban Philadelphia office, represented the seller, Patriarch VIII, LP, a part of Patriarch Management, LP in the sale of 212 Church Road for $3,700,000. The 94,000 square foot one-story building is situated on 8.5 acres adjacent to the Pennbrook Business Center. Gorman & Company, the new owner, has plans to convert the building into a high-end, climate controlled self-storage facility. The building’s attractive exterior façade, large parking field, ceiling height and proximity to a densely populated residential market make it ideal for a conversion to self-storage.

Patriarch Management, the seller, owns several other buildings in and around the Pennbrook Business Center, including the building next door that the previous tenant of 212 Church Road, ICON Clinical Research, now occupies. In addition, Patriarch owns high-end office, warehouse, a neighborhood convenience center and multifamily communities in Pennsylvania.

Click here to learn more.

News for Fairmount Partners

August 2017: News

Fairmount is the most active M&A firm based in the Mid-Atlantic, with a national and international practice.  Since 2003, the firm has completed more than 185 transactions throughout North and South America, Europe, Asia and Australia.   Fairmount specializes in advising middle-market companies on sell-side, buy-side and capital placement transactions, and provides fairness opinions and strategic advice in the transaction context.

  • Represented ThreeWire®, the global leader in clinical trial recruitment and direct-to-patient marketing, in its acquisition by WIRB-Copernicus Group® (WCG™), the world’s leading provider of solutions that measurably improve the quality and efficiency of clinical research.   ThreeWire® uses a systematic, patient-focused approach to help biopharmaceutical and medical device companies and clinical research organizations achieve their clinical trial enrollment and retention goals.  Having screened over 2 million patients in more than 25 countries, ThreeWire’s disciplined, proven approach consistently produces measurable, predictable results for its U.S. and overseas clients.
  • Represented Altasciences Company, Inc., a leading early phase contract research organization (CRO), in its acquisition by Audax Private Equity in partnership with Altasciences management. Audax acquired Altasciences from Kilmer Capital Partners, a private equity firm based in Toronto, Canada.  Altasciences, headquartered in Laval, Quebec, encompasses Algorithme Pharma, Vince & Associates Clinical Research, and Algorithme Pharma USA.  Altasciences offers expertise in the execution of a wide range of New Drug Application (NDA) enabling clinical trials and support services including data management, biostatistics, medical writing, and bioanalysis.

 

Member Spotlight: OrthogenRx, Inc.

OrthogenRx, Inc. a resident of the PA Biotechnology Center in Doylestown has transformed itself from initial Seed funding in January 2014 to commercial launch of its first product in May 2016, GenVisc 850, used in the treatment of osteoarthritis knee pain. In December 2016 the Company reported it was cash-flow positive, and is on track to achieve over $17MM in sales in 2017 in its first full year of sales. The Company is led by an experienced management team with decades of experience in product development, commercialization, sales, marketing, and reimbursement, and now has 20 full-time employees. OrthogenRx was founded by Bucks County resident Michael Daley PhD and was initially funded by a syndicate of Angels and Ben Franklin Technology Partners, including $187,500 in investment from the Venture Capital for Bucks County, VC4BC. OrthogenRx’s unique platform and regulatory approval blueprint afford the company an accelerated go-to-market strategy at a significant reduction in cost and time. The Company also has a rich pipeline of 4 additional products in development which could add up to $200MM in topline revenues by 2021.

Click here to learn more on OrthogenRx, Inc.

Warehouse Rents Rise with Increased Demand

Philadelphia, PA (July 17, 2017) — Newmark Knight Frank (NKF) released its second-quarter 2017 reports for the Greater Philadelphia region and the I-81/78 Corridor industrial markets this week. Greater Philadelphia’s industrial market closed the second quarter of the year with 540,000 square feet in positive absorption. While the vacancy rate stayed level from the first quarter of 2017, it has dropped 110 basis points from one year ago to 6.8 percent. Several warehouse buildings also delivered, while the I/81-78 Corridor continued to capture the majority of the construction pipeline.

The Southern New Jersey market accounted for 450,000 square feet in occupancy gains. The Burlington County submarket contributed the bulk of the gains, 500,000 square feet of absorption with Quality Packaging moving into 377,440 square feet at 2030 Route 130 in Florence, New Jersey. Vacancy in Southern New Jersey’s warehouse sector remained at record low levels in the second quarter of the year.

Click here to read the full press release.

Hollister Creative Wins Award for Museum Exhibition Website

Communicator awards honor excellence in marketing and communications

Hollister Creative, a Philadelphia area marketing communications agency, has been honored with a 2017 Communicator Award for the James A. Michener Art Museum’s Charles Sheeler exhibition website, Charlessheeler.org. The recognition continues the agency’s winning streak for international awards, bringing its total to 24 in the last five years.

The museum, located in Bucks County, wanted a special website for the exhibition on Sheeler, a Condé Nast fashion photographer from 1926 to 1931. Museum leaders challenged Hollister Creative to make the entire site design a reflection of Sheeler’s unique sensibility, creating an environment that would inspire interest in the exhibition and drive ticket sales. Hollister’s designers followed the spirit of the artist to design the Charles Sheeler website as he might have designed it.

Click here to read the full press release.