PACT Times

November 2017

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enterprise awards

Submit your Nominations for 25th Anniversary Enterprise Awards

enterprise awards

Cover Stories

Addressing the Health Crisis in Philadelphia's Poorest Neighborhoods

Written by Leroy E. Jones, Founder and CEO, GSI Health 

GSI Health

As the "poorest big city in America" Philadelphia has its challenges-particularly for healthcare. Struggling to treat Philadelphia's large Medicaid and uninsured populations, hospitals are strained to their limits from low reimbursement rates and other issues. And poverty in the city, including healthcare burdens, costs us jobs, new business development, tourism, and other economic growth opportunities.

Read full article »

9 Questions for Dividing Founder Equity

Written by Charles Weinstein, EisnerAmper LLP


A trio of 20-somethings has a great new product idea tied to the gig economy. Each brings something unique to the table, and all are committed to getting this disruptive innovation to market. While they have to address a myriad of issues, one issue they overlook at their peril is dividing ownership in this embryonic company. Splitting start-up equity among founders can be an emotionally charged experience. However, there are some tips for refining the process.

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 November 15.

News & Announcements

Philadelphia Startups Took Home Over $1 million in Funding

This year's conference offered insights and opportunities for 1,000 attendees to succeed through collaboration, inclusion, and access

pact conference 2017

After a day and a half of keynotes, lightning talks, panels and company pitches, close to 1,000 attendees walked away with key insights, new connections and (for some) investment dollars. This year's Lion's Den was a home run. After a full day of pitching, three companies were chosen out of 45 featured company presenters to enter PACT's inaugural Lion's Den. Roundtrip, Statum Health, and SocialLadder pitched their innovations once more live in front of the conference audience to five highly successful entrepreneurs. Three of the "lion" investors offered Statum Health $250,000 followed by SocialLadder who walked away with $800,000 from all five investors (the largest amount yet in all three years of the Lion's Den).

Read more »

Nominations for 25th Enterprise Awards Closing Soon

Enterprise Awards

The Enterprise Awards is the region's most prestigious business honors for Technology and, Healthcare companies, leaders, and entrepreneurs. The Enterprise Awards will present 10 competitive awards and a newly refreshed format for it's 25th anniversary year!


Submit Your Nomination »

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

PACT arrows

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 »

Proudly Announcing Talent Connect

Sponsored by ORS Partners

PACT arrows

Yesterday, we announced the launch of our new interactive job board, Talent Connect. It's focused on providing PACT members and the Philadelphia business community at large with an easy-to-use and highly targeted resource for online employment connections. Talent Connect is the first and official job board of PACT and is offered as an exclusive benefit to PACT members. While the job board remains free for job seekers, employers must be a registered member of PACT to post jobs. Jobs posted on Talent Connect will be distributed through the PACT network including the website, award-winning PACT Times and all social channels.

Get started on Talent Connect »

Mentor Connect: Calling for Mentors

Sponsored by University of Pennsylvania & White and Williams

Mentor Connect

With over 40 mentors and 30 mentees, PACT and Ben Franklin Technology Partners move Mentor Connect through 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.


Learn More & Get Involved Today »


Funding for Medical Device Companies

November 14 | 8:30 - 10:30 a.m.
Evolve IP | 989 Old Eagle School Road, Wayne, PA 19087

Sponsored by:



Alliance Partnership Roundtable

November 30 | 4:30 - 6 p.m.
Vertex | 2301 Renaissance Boulevard, King of Prussia, PA 19406


Digital Health Series: Storytelling for Healthcare Innovation

December 5 | 8:30 - 10:30 a.m.
WeWork | 1900 Market Street, Philadelphia, PA 19103

Sponsored by:



Technology Executive Roundtable

Exclusive Event for Senior IT Executives.
PACT reserves the right to determine attendance eligibility.

December 14 | 8 - 10 a.m.
Pfizer | 500 Arcola Road Collegeville, PA 19426

Sponsored by:



object frontier

osage partners







25th Anniversay Enterprise Awards

Celebrating 25 Years of Achievement in Technology, Healthcare, and Investment

May 9 | 5 - 9 p.m.
The Kimmel Center | 300 South Broad Street, Philadelphia, PA 19102

Title Sponsor:

Fairmount Partners

In Partnership with:




Dec 6 - Hour of Code Service Event »

Jan 17 - PACT Alliance Partnership Group »

Jan 24 - Fintech Series Breakfast »

Mar 8 - PACT Foundation Breakfast »

Mar 22 - Digital Health Half-Day Summit »

Apr 12 - Phorum »

PACT Events: See What's Up Next
PACT Times, weekly email messages, and social media accounts keep you informed about upcoming events with open registration, but did you know you can access a PDF of PACT's planning calendar for the entire year via our website?


Follow the link below and mark your calendars for the events that interest you. Don't forget to check back regularly - this document is updated often!


Contact Danielle Pinto for more information on specific events.

View 2017-2018 Event Calendar »

Interested in Sponsoring an Event?

Please contact Dianne Strunk for more information.

Mentor Connect Corner

Mentor Connect is sponsored by University of Pennsylvania & White and Williams

Four Mentees Selected as Featured Companies at the PACT Capital Conference

Vifant, Therapeutic Articulations, NeuroFlow, and Recensa Therapeutics represented three of the featured company presenters at last week's PACT Capital Conference. 45 companies were selected to present from close to 150 applicants.

Learn More and Get Involved with Mentor Connect »

Talent Connect: Featured Opportunities

Talent Connect is sponsored by ORS Partners


LATEST JOBS: Material Planner and Analyst, Test Engineer, Technical Writer, Project Manager, Product Support Associate, Office Manager, Lead Hardware Development Engineer, Implementation Engineer, Hardware Development Engineering, and Accounts Receivable Specialist.


LATEST JOBS: Lead Generation/Business Development Specialist


LATEST JOBS: Senior Manager - IT Operations, Sales Executive - Healthcare Revenue Cycle Management (New England)

Learn more »

PACT Spotlights & Deals

BC in the Cloud

Check out this member's company commerical.

Learn more »

Newspring Capital & Bridge Bank

Energage Receives $15 Million in Funding to Cement Position as Market Leading Employee Engagement Platform

Learn more »


A Philadelphia-based digital health provider that analyzes real-time biometric data for mental health and performance applications, raised $1.25 million in seed funding. Investors include Safeguard Scientifics, Ben Franklin Technology Partners of Southeastern Pennsylvania and Independence Health Group.

Osage Partners

Hive-IO, run by former Devon IT CEO Joe Makoid, gets Series B funding from Citrix, Osage

Read full article »


Welcome PACT Members



Gabriel Investments



ImCare Biotech

Lithero LLC

ObjectFrontier Software



QMAC Capital LLC

Sandbridge Partners

Social Detection, Inc



Press Releases & News


Anexinet's Cloud Leader Ned Bellavance Receives Microsoftr Cloud and Datacenter MVP Award »

Anexinet Expands Cloud Modernization Portfolio With Analytics Expertise »

Dell Boomi

Dell Boomi Debuts New Connector for Salesforce Platform Events »

Fairmount Partners

Fall 2017 News »

Howard Fischer Associates

Assessing Cultural Fit - Key to Successful Hiring »

The Key to Hiring a Truly Impressive Executive »

Newmark Knight Frank

New Warehouse Deliveries Drive Absorption Gains »

SeventySix Capital

SeventySix Capital invests in N3rd Street Gamers, a Philadelphia gaming community and esports event producer »

Safeguard Scientifics

Safeguard Scientifics Announces Third Quarter 2017 Financial Results »

Why Technology Standards are Critical for Quantum-Safe Security »

Safeguard's President and CEO, Steve Zarrilli, Named to the 2017 Power 100 »


Peak 10 + ViaWest Expands in Northeast Through Greater Philadelphia Area Data Center Acquisition »

We thank our Founding Leaders for their commitment and support:



Ben Franklin Technology Partners

Bentley Systems

Comcast Business

Cozen O'Connor

Duane Morris


Fairmount Partners

Fox Rothschild

Grant Thornton

Independence Blue Cross



Morgan Lewis

NewSpring Capital

Osage Partners

Pepper Hamilton



Safeguard Scientifics 



University City Science Center

University of Pennsylvania



Bring Steve Case's "Rise of the Rest" tour back to Philly. VOTE HERE »

Fall 2017  —  Philadelphia Tech Marketers »

11/9  —  NextTech Philly »

11/15  —  The Perspective of the Business Media - What's next in the Delaware Tech Community »

11/16  —  A Collective Approach to Health Care featuring Jack Bailey of GSK »

12/5  —  Philadelphia VC and Angel Investor Roundtable »

12/6  —  The 2017 New England Venture Summit »

1/3 - 1/4  —  ChickTech Event at Drexel University Encourages Girls to Enter Technology Fields »

fox rothschild

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