How Can PACT Help the Community?

The PACT Community’s Health and Safety stand as our top priority. We will continue to monitor and respond to news regarding the rapidly changing COVID-19 pandemic. In the face of this uncertainty, PACT is dedicated to supporting our members and serving their needs of customers, capital, connections, and talent.

We recognize the heightened concern and are taking measures to protect our members, event attendees, and team while still providing support to our community and opportunities to connect and collaborate.

How are current events affecting you, and how can we help?

  • Email us with any request and we will respond quickly.
  • In addition, regional economic development agencies including PACT created a survey for businesses impacted by COVID-19. As this survey is directed to a broad array of businesses, please describe your company using the “other” section when registering company type.

How is PACT working to continue to connect our community?

  • All programs will be virtual for the next several months. Please visit our events calendar to stay informed about our evolving schedule.
  • Our team is currently testing a variety of technologies and planning how to deliver content and create robust virtual connectivity for our community.
  • Our Mentor Connect program has moved fully to virtual sessions and is available to our mentees to discuss any issues and in particular, Coronavirus-related business impact.
  • Members are invited to take advantage of PACT’s marketing initiatives for added visibility and attracting customers.

Overall, we understand that COVID-19 will have a significant impact on businesses and our economy. PACT is here to support you and to help move our community forward in the days we face ahead.

All Our Best,
The PACT Team

Jennifer Cohen
Cheryl Jarvis Johnson
Dean Miller
Amanda Nardi Di Filippo
Danielle Pinto
Dianne Strunk
Kim Tuski

Technology Customer Connect

DOWNLOAD CUSTOMER CONNECT APPLICATION 

Does your company have what it takes to be a technology supplier for regional enterprises?

If YES, apply now to present in TER Customer Connect! This FREE initiative allows enterprise CIOs and technology buyers to meet innovators from all growth stages and build business together.

Who Are the Buyers? 
A few of the targeted buyers looking to meet entrepreneurs will include: AGI,Bentley,CardConnect,Comcast,CSL,Ellucian,Fulton Financial,GSK,Independence Blue Cross,Penn Mutual,Qlik,Reed Technologies,SEI,Shire,UPenn,Vanguard and Vertex

If your company has what it takes to be an innovative technology supplier to regional enterprises apply now to participate in PACT’s Technology Customer Connect initiative, which offers a structure for enterprise CIOs and technology buyers to meet innovators from start-up, growth-stage and established companies to pursue strategic relationships and business development.

Who Should Apply to Present?
Companies should apply if they offer innovative technology in the following fields: 

• Clinical Cloud
• Clinical Trail Optimization
• Artificial Intelligence
• Blockchain
• Cloud Security
• Internet of Things
• Machine Learning
• Predictive Analytics
• Cognitive Computing

How to Participate

To be considered for a presentation slot, please submit a slide deck and the application below.  Please email your completed application to Kim Tuski at [email protected] by May 18, 2018.   If approved, you’ll have 10 minutes to present your technology, service or product and another 5 minutes for Q&A.

Event Details:

THURSDAY, June 14, 2018
SAP
3999 West Chester Pike
Newtown Square, PA 19073

DOWNLOAD CUSTOMER CONNECT APPLICATION

Please fill out the PACT Customer Connect Application and submit to Kim Tuski. If you have any questions, contact Kim Tuski or Dianne Strunk.

2017 Philadelphia Venture Report

Data provided by Pitchbook
Sponsored by Ben Franklin Technology Partners, Morgan Lewis, EY, Fairmount Partners, Safeguard, BioAdvance, Life Sciences PA, CEO Council for Growth, and Merrill Corporation

In 2016, startups headquartered in the Philadelphia area raised more than $1 billion in VC, double the amount seen a decade earlier. Though 2017 isn’t on a similar pace, it is poised to become the fourth consecutive year with over $700 million in deal value.

This report explores the drivers of that surge, along with other facets of Philadelphia’s burgeoning tech scene.

Read full report.

PACT and Ben Franklin Launch Mentor Connect

Collaboration brings unprecedented, qualified mentorship to CEOs and leaders within PACT and Ben Franklin companies

Philadelphia, Aug 29, 2017 – The Philadelphia Alliance for Capital and Technologies (PACT) and Ben Franklin Technology Partners of Southeastern Pennsylvania (Ben Franklin) publically announce Mentor Connect, a program providing founders and leaders of emerging companies with coaching, connections, and tools to successfully grow their businesses.

Mentor Connect brings the experience of a curated team of leaders and experts to the entrepreneurs most ready to grow, assisting in the development of their business skills. As guided by the principles and standards of MIT Venture Mentoring Service, mentors deliver impartial and unbiased advice by a code of ethics to which all must adhere. Entrepreneurs from the PACT and Ben Franklin networks receive practical hands-on advice from teams of three to five mentors, tailored to each venture’s needs. The mentors volunteer their wealth of entrepreneurial insights from a broad range of industry and market-tested experience.

Thanks to positive response received from both entrepreneurs and mentors alike since the July 2016 soft launch of the program, PACT and Ben Franklin have already doubled Mentor Connect’s capacity to connect entrepreneurs and mentors, with close to 40 mentors, 27 mentees, and about 60 mentoring sessions already facilitated by the program. “I think the program is incredible,” says Mentor Connect participant, Kim Coffey of Talex Medical, “It is an amazing opportunity to learn from seasoned professionals at zero cost. I am lucky to have three mentors from different backgrounds and varied expertise that contribute greatly to guiding me in my maiden voyage.”

“When an entrepreneur with a good idea is matched with a team of mentors with proven skills and experience, their venture is more likely to succeed,” explained Dean Miller, PACT President and CEO. “We are enormously proud of year one’s success and what we were able to accomplish in such a short time. I look forward to seeing what the future holds for Mentor Connect.”

“Ben Franklin’s focus is on the entrepreneur,” said RoseAnn B. Rosenthal CEO of Ben Franklin Technology Partners. “We want to help the CEO to achieve his or her vision while building a growing enterprise that creates value for our region. Mentor Connect offers focused support to the CEOs of our portfolio companies. It also re-engages, as mentors, some of our most successful entrepreneurs, men and women who are now on their second or third businesses and who are ready to give back by sharing their real experiences with new, first time entrepreneurs,” she added.

For more information, please visit mentorconnectphl.com and contact Jennifer Cohen.

 

About Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin is the most active early stage capital provider for the region’s technology sectors. Ben Franklin combines best practices of venture capital with a public-spirited purpose: leading the region’s technology community to new heights, creating jobs and changing lives for the better. Ben Franklin is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority. www.sep.benfranklin.org

About PACT

Philadelphia Alliance for Capital and Technologies (PACT)’s vision is to be the go-to resource for fast growing companies, and a driver of entrepreneurship and innovation in the Philadelphia region. PACT provides its members with valuable content and connections to capital, coaching, and customers that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region. Visit www.philadelphiapact.com for more information.

 

Media Contacts

Amanda E. Nardi,

Public Relations and Marketing

PACT

(215) 790-3608

 

Amanda V. Wagner

Public Relations and Community Development Associate

Ben Franklin Technology Partners

(215) 972-6700

 

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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.

Philly tech execs went to Harrisburg to lobby against Pa.’s proposed ‘Tech Tax’

Written by Roberto Torres, Tecnical.ly Philly

PACT organized the field trip of sorts in partnership with the Pittsburgh Technology Council.

Alongside the Pittsburgh Technology Council, PACT rallied eight tech execs from the Philly area and headed to Harrisburg last Tuesday. The goal? Speaking out against the proposed rehashing of a six-percent sales tax on computer services and software found in the commonwealth’s latest budget proposal.

Here’s the list of Philly folks that headed to the capitol (including more than a couple familiar names):

  • Chris Cera, Arcweb Technologies
  • Rich Napoli, ObjectFrontier
  • Chris Schalleur, Christo IT Consulting
  • Alex Urevick-Ackelsberg, ZivTech
  • Lauren Schwartz, TechWise Group
  • Greg Sterndale, PromptWorks
  • Dawn McDougall, Operations Manager, PromptWorks
  • Matthew Donegan, Senior Technical Architect, Strava Technology Group

Click here to read the full article.

These Innovators Won Big at the 2017 PACT Enterprise Awards

Nearly 900 people filled the Pennsylvania Convention Center Thursday night to honor leaders in Philadelphia’s booming tech and health care space.

Written by Haley Weiss, Philadelphia Magazine (BizPhilly)

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.

In addition to honorees in nine competitive categories, PACT also selected honorees for two special awards. Gabriel Investments managing partner Richard Vague received the PACT Legend Award in recognition of his career supporting technology and sciences in the region. Independence Blue Cross was honored with the Digital Innovation Award for the launch of their community health and wellness center, Independence LIVE.

Click here to read the full article.

Marketing wizard Richard Vague, others, honored by entrepreneurship alliance

Written by Joseph N. DiStefano, Philadelphia Inquirer

At last night’s 24th annual Enterprise Awards, the Philadelphia Alliance for Capital and Technologies (PACT) gave affinity-marketing guru Richard Vague its lifetime-achievement award. Vague is in a second act of his career: In the 1990s, he ran credit card giant First USA Bank down in Wilmington (now part of JPMorgan Chase & Co.), and other credit card operations, before moving north, founding EnergyPlus in University City, and selling it to NRG for $190 million in 2011.

Philadelphians know Vague in his current varied career — as a tech angel (Gabriel Investments), philanthropist (hands-on at Penn Medicine, and through his own Governor’s Woods Foundation), blogger, and public-affairs patron (DelanceyPlace.com, and his economic and foreign-policy writings, research and events sponsorship), and political kingmaker (most recently, he headed the finance committee for Rebecca Rhynhart’s successful campaign for the Democratic City Controller nomination.)

Click here to read the full article.

Here’s who took home Enterprise Awards last night

ROAR For Good took home the coveted Technology Startup Award.

Written by Roberto Torres, Technical.ly Philly

What if everyone took the time to share one Philly success story?

During last night’s Enterprise Awards, that was the main prompt from Philadelphia Alliance for Capital and Technologies (PACT) CEO Dean Miller, who emceed the 24th edition of the ceremony last night at the Pennsylvania Convention Center before a crowd of 900. Miller listed, in his opening speech, Philly tech successes like that of Sidecar (which just raised $11 million) and the up and coming LIA Diagnostics as signs of growth in the ecosystem.

Though this year the ceremony skewed a bit towards large, B2B tech companies in the suburbs, smaller companies from the Center City/University City corridor like ROAR for Good and Blackfynn also landed trophies.

Click here to read the full article.