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August 2017

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Get Involved with the PACT Capital Conference 2017!

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Cover Stories

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

Written by Jack Warnock, President, JW Strategic Advisors LLC

relay

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.

 

Read full article »

The Connected Health Cloud: From Concept to Catalyst

Full Report published by CloudMine

cloudmine

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.

 

Read full article »

What's your story?

If you would like to write the cover story for upcoming editions of PACT Times, please contact Amanda Nardi by August 15.

News & Announcements

New Easy Application Process for Featured Companies

Applications close September 1. Apply Now!

pact conference 2017

In lieu of an application, we are accepting company slide decks.

 

To be considered for a presentation slot, please upload an investor slide deck based on the criteria from the conference website under Featured Company Application.

 

Registration link is under 'PACT Upcoming Events'.

Apply Now »

Mentor Connect: Call for Mentors

Mentor Connect

With over 40 mentors and 30 mentees, Ben Franklin Technology Partners and PACT moves the mentoring program into its second year. Visit the website to learn more and get involved today.

 

Are you an experienced entrepreneur in the technology and/or healthcare fields? If so, contact Jennifer Cohen to see if you qualify as a mentor.

 

Press details to follow.

Learn More & Get Involved Today »

Coming Soon: PACT Membership Directory

PACT arrows

ATTENTION PACT MEMBERS: Look out for more information on the PACT Membership Directory. We will be contacting the primary contacts of each member company. Be prepared to update your profile through our new database, Weblink.

 

Contact Kim Tuski to learn more»

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 full letter »


PACT UPCOMING EVENTS

PACT Capital Conference 2017

Success Through Collaboration

November 1 and 2 | 1 - 9 p.m.
Sheraton Philadelphia Downtown Hotel and The Crystal Tea Room | 201 N 17th Street, Philadelphia, PA 19103

Hosted by:

morgan lewis

REGISTER NOW »

SAVE THE DATE

4/12/18 - Phorum 2018 »


5/9/18 - 25th Annual Enterprise Awards »


Interested in Sponsoring an Event?

Please contact Dianne Strunk for more information.

PACT Spotlights & Deals

Featuring August 2017 Member of the Month: OrthogenRx, Inc.


A resident of the PA Biotechnology Center in Doylestown OrthogenRx 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.

Learn more »

Proudly Highlighting Deals Made by Local Companies:


VenatoRx Pharmaceuticals, a Malvern, Pa.-based biopharmaceutical company, raised $42 million in Series B funding. Versant Ventures led the round, and was joined by Abingworth and Foresite Capital.

 

Enterin Inc, a Philadelphia-based biotechnology company, raised $12.7 million in Series A funding. Investors include New Ventures III.

 

Ocugen, a Malvern, Pa. biopharmaceutical company developing treatments for sight-threatening diseases, raised $7.5 million in Series B funding. Abdi Ibrahim and JSC Lancaster Group led the round.

 

Trice Medical, Inc., a King of Prussia, Penn.-based provider of private diagnostics solutions focused on micro-invasive technologies, raised $19.3 million in Series C funding. Investors include Smith & Nephew, Safeguard Scientifics, HealthQuest Capital and BioStar Ventures.

 

Neuronetics, a Malvern, Penn.-based medical device company developing non-invasive therapies for psychiatric and neurological disorders, raised $15 million in Series G funding. Investors include Ascension Ventures, Accuitive Medical Ventures, GE Ventures, Interwest Partners, New Leaf Venture Partners, Onset Ventures, Polaris Venture Partners and Three Arch Partners.

MEMBER CORNER

Welcome New Members

AcceleDev Chemical, LLC

Activate Ventures Partners

Actua Corporation

CBIZ MHM, LLC

CH Medical

Chariot Solutions

Chatham Financial

CSL Behring

Deloitte

DLA Piper US LLP

Drexel University- School of Biomedical Engineering, Science & Health Systems

DryDock Technologies, Inc.

Edison Partners

EY

GuestOf LLC

HealthVerity, Inc.

InfoMC, Inc.

Innofect

Inovio Pharmaceuticals

Jones Lang LaSalle

JP Morgan

Leatex Chemical Company

Legal Science LLC

Lia Diagnostics, Inc

LiquidHub

LoanLogics, Inc.

McCarter & English

Monetate, Inc.

Pennsylvania Biotechnology Center

PromptWorks

Rittenhouse Ventures

SBell Consulting LLC

Securitas Insurance Partners

SeventySix Capital

Silicon Valley Bank

Slalom

Soundboard Angel Fund

The Anthony Group, Inc.

Trice Medical, Inc.

X-BioMedical

xVenturesGroup LLC

Zivtech

Press Releases & News

Ben Franklin Technology Partners

Ben Franklin Approved 1.7M in 13 Early Stage Companies »

Cloudamize

MissionOG: Cloudamize exit `strong outcome' for early investors »

Evolve IP

Philly cloud provider buys its way into Europe; sales top $100M »

Fairmount Partners

August News for Fairmount Partners »

Hollister Creative

Hollister Creative Wins Award for Museum Exhibition Website »

Intact Vascular

Intact Vascular Announces Enrollment of First European Patient in Tack Optimized Balloon Angioplasty II Below the Knee (TOBA II BTK) Clinical Trial with the Tack Endovascular System »

Newmark Knight Frank

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

Warehouse Rents Rise with Increased Demand »

Safeguard Scientifics

CloudMine Cited As An Enterprise Health Cloud Leader By Independent Research Firm »

Impact-focused startups: Get at this $15M investment pool »

Famed Philly investor Pete Musser has a word of warning for Elon Musk »

SAP

SAP Announces Leadership Appointments in North America »

University City Science Center

Wenyong Wang Joins Science Center as Vice President, Science & Technology »

Christopher J. Laing to Head New Innovation Organization in Austin, TX »

We thank our Founding Leaders for their commitment and support:

Actua

AMETEK

Ben Franklin Technology Partners

Bentley Systems

Comcast Business

Cozen O'Connor

Duane Morris

Evolve IP

EY

Fairmount Partners

Fox Rothschild

Grant Thornton

Independence Blue Cross

KPMG

LiquidHub

Morgan Lewis

NewSpring Capital

Osage Partners

Pepper Hamilton

Pfizer

RSM

Safeguard Scientifics 

SAP

SEI

University City Science Center

University of Pennsylvania

Vanguard

REGIONAL PROGRAMS & EVENTS

August 2017  — Applications Open for Detkin Intellectual Property and Technology Legal Clinic »

Applications Open for Mid-Atlantic Next Tech Competition »

8/9  — Branding Beyond the Booth »

9/13  —  Bridging the Gap: Workforce Readiness for Women in Tech »

9/13  —  Funding for Early Stage Ventures from the NCI »

9/16  —  Camden Catalyst - Tech Startup Pitch Competition »

9/18 - 9/19  — Life Sciences Future »

10/14 - 10/21  —  UPNEXT FEST »

10/30 - 11/9  —  Days of Eurasian-American Innovation Entrepreneurship Cooperation (RAVC Fall 2017) »

itpros

Philadelphia Alliance for Capital and Technologies (PACT)
200 South Broad Street, Suite 700, Philadelphia, PA 19102  •  (P) 215 790-3800 (F) 215 790-3729
www.philadelphiapact.com