Entrepreneurship : Innovation + Job News

Old City just got a major boost with the expansion of the University City Keystone Innovation Zone (KIZ) across the Schuylkill River and all the way to Front Street -- that means some major new tax credits for the neighborhood’s burgeoning tech sector.

Old City-based Arcweb Technologies hosted the March 23 announcement, with featured remarks from University City Science Center President and CEO Stephen S. Tang, Arcweb CEO Chris Cera, and Mayor Jim Kenney.

If you go into a coffee shop near North 3rd Street in Old City -- or as it’s affectionately known, "N3rd Street" -- and "grab somebody that’s sitting there, most likely they’re a technology worker," said Cera. "I don’t think that’s found anywhere else in Philadelphia."

And he went further than that: "My 10-year outlook…is that this is going to be the tech center of Philadelphia, here in Old City."

Expanding that University City KIZ should contribute to that growth, which Tang called "a pivotal moment in our city’s transformation from a manufacturing economy to an innovation economy."

Former Pennsylvania Governor Ed Rendell instituted the KIZ program "to spur entrepreneurial activity," Tang explained. There are 29 KIZs across the state and three within the City of Philadelphia: the large BioLaunch 611+ zone that spreads north of Lancaster and Girard Avenues and I-95; the Navy Yard KIZ, and the newly expanded University City KIZ.

A KIZ is a special district that offers tax incentives to eligible for-profit companies in the life sciences and technology sectors. The program offers a statewide pool of $25 million toward the credits. An approved KIZ company (applications must be submitted by September 15 of each year) can claim a tax credit equal to 50 percent of its increase in gross revenues in the most recent taxable year over the revenue from the preceding year, earned within the KIZ. This tax credit is capped at $100,000, and for companies whose credit exceeds their tax liability, the credit is saleable for up to $0.90 on the dollar.

In the last decade, 48 early-stage tech and life science companies in the University City KIZ have received almost $8 million in tax credits, with 21 companies nabbing close to $2 million just last year. Now this benefit will extend all the way across the heart of Center City and into Old City.

(For a look at one University City company reaping the KIZ benefit, check out our profile of Graphene Frontiers, working towards big changes in medical diagnostics.)

"As a result of these tax credits, startups are retaining jobs, hiring new employees and developing new products," said Tang. "Not only are KIZ tax credits being invested in our local economy, but they’re also strengthening Philadelphia’s innovation ecosystem."

"It’s very exciting to see what’s happening in Old City," added Mayor Kenney. "The expansion of this [KIZ] will help propel that even faster and further than it has in other parts of the city."

Arcweb is just one company standing to benefit from the change.

"I didn’t want to have a tax credit make me move across town, from people and a place that we call home," said Cera. "I’m glad that we chose to stay and invest here."

Writer: Alaina Mabaso
Sources: University City KIZ expansion launch speakers

"All knitters are givers," says Christine Forester, founder of Aalta Yarn. Tapping into the national trend toward social enterprise, her business links knitters not only with high-quality hand-knit yarn but with charities in need of knitted goods. 

Forester, a Bucks County native, worked in the yarn industry for years, witnessing the explosion of the knitting craze. 

"The younger generation wanted to make something of their own that was beautiful and unique," she explains, recalling how celebrities like Mary-Kate and Ashley Olsen and Jennifer Aniston led the trend, knitting European novelty yarns into simple scarves. 

Knitting's popularity has only increased since then: Philly millennials are showing up to classes at Nangellini in Fishtown or LoopKnits on South Street, and making names for themselves yarn-bombing all over the city (that includes Jessie Hemmons of Ishknits). 

Today's knitters want quality yarn to work with from companies that prioritize purpose along with profit. Aalta Yarn fits the bill. The high-quality Italian product is ideal for creating long-lasting blankets -- something Forester encourages knitters to create and donate to support their partner charities, the local chapter of Project Linus and Tabor: A Family of Services. 

"I was absolutely amazed at the number of needs [these organizations] had," recalls Forester. "There were so many children in need of blankets." 

Along with coordinating donation points at local shops, the company donates yarn to knitters via website request so that anyone can contribute their skills to make a blanket. 

Aalta Yarn is available in regional yarn shops including The Tangled Web in Chestnut Hill, Finely A Knitting Party in Swarthmore, and Knit in Newtown. The shops also carry Philly-made wool baskets and bags braided with 100 percent wool yarn.

Forester, who grew the business out of her capstone project for an MBA in strategic design at Philadelphia University, sees Aalta Yarn as a way to connect the giving spirit of knitters with quality products for kids who, like Linus in Peanuts, need that extra bit of comfort. 

"I want to make a difference," she says. "I want to make an impact, I want to bring joy and happiness to these children that are in need."

Writer: Martha Cooney
Source: Christine Forester, Aalta Yarn
 

So how will University City District (UCD) transform $300,000 into sustainable, career-launching jobs in a traditionally tough business? Last week, we spoke with Job Opportunity Investment Network (JOIN) leaders Hoa Pham and Jennie Sparandara about the Win Win Challenge grant UCD received this winter, following a $50,000 planning grant award in 2015.

The grant-winning Green City Works (GCW) program grew out of the organization’s existing West Philadelphia Skills Initiative (WPSI), which has been connecting long-time unemployed West Philadelphians with job opportunities at major local institutional partners for over five years.

"We were looking at partnerships that would allow us to broaden our demographic base," explains Sheila Ireland, vice president of workforce innovations at UCD, noting that WPSI cohorts tend to skew toward African-American women ages 25 to 35, with jobs in healthcare or educational institutions.  

The idea for GCW was born when Valley Crest landscaping approached UCD about recruiting landscaping technicians from the West Philly area. For an organization already managing up to $400,000 of work in green spaces within its district (think The Porch at 30th Street), a jobs program geared toward landscaping seemed like a natural fit, as well as an opportunity to broaden its programs into a male-dominated industry.

When Sparandara approached UCD about applying for the planning grant, "We said, 'Here is the opportunity for us to not just work on greenspace projects…[but] to do a social venture as well," recalls Ireland. The program targets applicants struggling with challenges such as longterm unemployment or re-entry from the criminal justice system, and helps them build transferrable job skills. "We used that Win Win Challenge planning grant period to prove a couple things: Could we build this program? Could we take on fee-for-service contracts? How would we incorporate?”

The experiment was successful, even in an industry as difficult as landscaping. Though wages in the field are slightly higher than standard minimum wage, the hours can go from dawn to dusk six days a week in the growing season, with workers laid off in the winter. In other words, not a ton of stability. And with many companies recruiting workers on H2B visas, local job-seekers often don't look at the industry for entry level positions.

"Can we change the way the industry looks at workers?" asks Ireland. At GCW, that means peer mentoring and support, a livable wage ($13 an hour to start, versus an industry average of $9), work hours from 7 a.m. - 3 p.m. Monday through Friday, and pay regardless of rainy days that delay the work.

That $300,000 in seed money from JOIN has allowed GCW to hire general manager Brian English and bring in its latest cohort: 12 workers who began a 26-week program on March 28. Those who finish the program stand an excellent chance of joining the GCW staff.

Ireland says the program is important because it honors a range of skills -- GCW’s staffers are people who are happy outdoors and who love community beautification.

"When you activate people’s talents, you really speak to what they should be doing in their lives," she enthuses. "And you can change people’s lives by doing that."

Writer: Alaina Mabaso
Source: Sheila Ireland, University City District 

The Job Opportunity Investment Network (JOIN) has partnered with Flying Kite to explore how good jobs are created and filled in Greater Philadelphia. Stay tuned as we follow the progress of these exciting grants and track the city's continued workforce development challenges.
 

Many who want to work face challenges such as poverty, long-time unemployment, or transitioning to life outside the criminal justice system. They may not be ready for the traditional workforce, but they’re adults with the capacity to build skills given the right mentorship. Enter a new landscaping program from University City District (UCD), which just received a $300,000 two-year seed grant.
 
The Green City Works employment initiative -- which earned a $50,000 planning grant last year -- is now officially launching with support from the Job Opportunity Investment Network (JOIN), a program of United Way of Greater Philadelphia and Southern New Jersey. JOIN awarded the nascent program (an extension of the existing West Philadelphia Skills Initiative) that planning grant in January 2015; 24 regional organizations competed for four awards.

The grant program was dubbed the Win-Win Challenge because it aimed to build a win-win scenario for workers and employers. The local nonprofit community was invited to "come to us with new ideas around partnership…that seek to address actual business needs," explains JOIN Executive Director Jennie Sparandara. But at the same time, they wanted to help those who most need a leg up in the workforce.

JOIN assessed the four grantees one year later, determining who was ready to translate their plans into action. Green City Works, a nonprofit landscaping venture, was the clearly prepared for the next step.

"UCD is really recognizing that not everybody…is ready for work with a big employer," says Sparandara of the program’s appeal to JOIN. "[They] need a safe space to learn on the job, with practical skill-building and workplace coaching designed to help participants progress in their careers beyond Green City Works. With UCD, the hope is to connect them with these big institutional employers in the Philadelphia area."

"From JOIN’s perspective, we’re interested in learning how these positions can serve as an entrée into the trade,” adds JOIN Program Manager Hoa Pham.

According to Sparandara, UCD was able to demonstrate and articulate "a very clear vision for how they wanted to use funding to build out this program…They are open to and interested in learning and growing along with us as funders.This fits very well with JOIN’s mission as seed-funders and a learning community.

The project will formally launch on March 22, with JOIN dollars beginning to flow this month.

In the future, we’ll take a look at how Green City Works grew from the West Philadelphia Skills Initiative and the program’s specific goals over the next two years.

Writer: Alaina Mabaso
Sources: Jennie Sparandara and Hoa Pham, JOIN 

The Job Opportunity Investment Network (JOIN) has partnered with Flying Kite to explore how good jobs are created and filled in Greater Philadelphia. Stay tuned as we follow the progress of these exciting grants and track the city's continued workforce development challenges.
 

In April, the Camden CoLab will partner with Hopeworks 'N Camden to launch a new pre-accelerator program that hopes to draw aspiring entrepreneurs of all stripes. Like the renovation of the Ruby Match Factory into a state-of-the-art office space, it’s another initiative in our former On the Ground neighborhood that proves Camden is poised for job growth.

The Camden CoLab Hopeworks Pre-Accelerator (as it’s currently titled) hopes to attract an inaugural class of 10 to 30 students. The six-week course will be hosted at the Waterfront Technology Center of the Rutgers Camden campus. It’s open to new entrepreneurs from any region, but the Hopeworks partnership and other outreach will ensure special focus on locals who need help developing a business idea.

According to CoLab Director Suzanne Zammit, the idea came from a group of Rutgers students she taught last semester -- they developed a project to benchmark university-sponsored business accelerators all over the U.S., incorporating factors like best practices and curriculum.

"Let’s quit waiting and just do this," recalls Zammit of the plan to bring their research to bear in Camden.

Applications for the program -- Monday night classes begin the first week of April -- are coming soon (keep an eye on the CoLab website for links). The exact cost of the pre-accelerator is still TBD, but it will be an accessible price with some scholarships available. Applicants should already have a concept for a business (anything from tech to a consumer product or service), but not know where to start with a business plan or revenue model. Social impact and diversity are especially in line with CoLab's mission.

"There will be a teacher lesson for an hour-and-a-half, and then there will be a guest speaker who will be an entrepreneur," explains Zammit. These speakers will include people who have just concluded their initial fundraising all the way to up to entrepreneurs running successful businesses, as well as others from the local startup community. There will also be plenty of one-on-one mentoring and business development guidance.

The ultimate hope is to repeat the program not just for new aspiring business-owners, but to bring the inaugural class through two more successive accelerator rounds and help them achieve a million dollars in revenue.

"Once they leave this class, they’ll be ready to go," insists Zammit. "We’re truly launching successful companies that are going to create a buzz, as well as attract more companies to the Camden waterfront and create more jobs."

Writer: Alaina Mabaso
Source: Suzanne Zammit, Camden CoLab

Follow all our work #OnTheGroundPhilly via twitter (@flyingkitemedia) and Instagram (@flyingkite_ontheground).

On the Ground is made possible by the Knight Foundation, an organization that supports transformational ideas, promotes quality journalism, advances media innovation, engages communities and fosters the arts. The foundation believes that democracy thrives when people and communities are informed and engaged. For more, visit knightfoundation.org.
 

Brock Weatherup would like to change the narrative about Philadelphia's startup climate. First, stop comparing it to Silicon Valley. Instead, talk up "our special aggregation of all the elements needed for the startup community." And that old meme about Philadelphia’s brain drain? Get over that, too.
 
Last week, Weatherup used the bully pulpit as the University City Science Center’s first Entrepreneur IQ (short for Entrepreneur in Quorum) to encourage the crowd to get bullish on the region. The new program will offer targeted advice to aspiring entrepreneurs. 
 
A hugely successful serial entrepreneur, angel investor and president of Philly Startup Leaders, Weatherup is best known as CEO of Pet360, which sold to PetSmart in 2014 for $160 million.
 
Silicon Valley, said Weatherup, with its highly developed entrepreneurial ecosystem, its abundance of capital and its ferociously competitive business climate, is in a class by itself, followed only -- distantly -- by Israel, "and then there are the rest of us."
 
Consider what Philadelphia has to offer, he argued. Its diverse economy provides emerging companies with a multiplicity of often-illusive first and second customers. It has capital, it has talent ("finding great people is always the hardest thing") and, unlike other cities where he has worked, it has an open and welcoming entrepreneurial community.
 
It is in that spirit that Weatherup is volunteering as the first Entrepreneur IQ, sponsored by Fox Rothschild. 
 
Weatherup will begin counseling aspiring startup founders during office hours (April 4 and May 18). You can get more information or signup here. 
 
WRITER IN RESIDENCE is a partnership between the University City Science Center and Flying Kite Media that embeds a reporter on-site at 3711 Market Street. The resulting coverage will provide an inside look at the most intriguing companies, discoveries and technological innovations coming out of this essential Philadelphia institution.
 

Recent Temple graduate Andrew Nakkache and his business partner, fellow grad Mike Paszkiewicz, got the idea for their winning 2016 College Pitch Philly concept Habitat when they grew frustrated with the student meal plans. The resulting startup is a food-delivery app linking local food trucks and restaurants with campus-dwellers.

The duo -- who both graduated about a month ago -- met on their very first day on campus and soon identified a couple things about student life that weren’t ideal, including the fact that they (or their parents) were wasting money on meal plans with meals that expired weekly.

"Wouldn’t it be awesome if there was an off-campus meal plan?" Nakkache remembers wondering. It was just a concept at that point, but a year-and-a-half later, he and Paszkiewicz launched the initial version of Habitat, a general "student-to-student marketplace."

"It failed big-time," recalls Nakkache. It was "buggy" and they released it in April, shortly before the summer exodus. People were downloading the app, but in one month, they didn’t book a single transaction. There was work to be done.

The partners headed to San Francisco for some mentorship -- one successful entrepreneur assured them that they had a great market, but needed to zero in on a much more targeted service. They realized that there was a huge opportunity in food alone.

Nakkache points to existing meal delivery apps and websites like GrubHub; they realized none of them were focused on the college market. The revamped version of Habitat, launched September 1, 2015, operates with "runners" (exclusively Temple students) delivering food to campus sites within a half-mile or less of participating restaurants and food trucks for a $2.50 in-app delivery fee.

Since launch, Habitat has clocked about 1200 orders, with over 400 in the last month. Nakkache touts a 75 percent success rate with vendors: out of 28 food trucks and restaurants approached by Habitat, 21 came on board.

At the February 24 College Pitch Philly competition, Habitat took top honors, nabbing $7,500 out of a total $15,000 prize pool. (The contest is sponsored by the Philadelphia Regional Entrepreneurship Education Consortium and partners StartUp PHL, Blackstone Foundation, and Quorum at the University City Science Center.) Wins like this -- including a $21,000 boost from the Fox School’s Be Your Own Boss Bowl -- have helped propel the young company, which now has six full-time employees.

Habitat’s latest update speaks to the founders’ original inspiration: a stored-value feature that allows app users (or their parents) to buy tiered plans that include a certain number of pre-paid meals (at $8 each) and some free deliveries.

Next up? Burnish the metrics at Temple and expand to University City. The founders hope the prize money from College Pitch Philly will help bring Habitat to Penn and Drexel by fall 2016.

Writer: Alaina Mabaso
Source: Andrew Nakkache, Habitat

A new way to gather DNA for testing. A better tool for training healthcare workers. Improved physical therapy. An innovative approach to stem cell therapy. These technologies are all under development at regional universities and have been funded by the latest round of the University City Science Center’s QED Proof-of-Concept Program. 

Launched in 2009, the program provides a boost to novel university-born technologies with market potential, bridging the gap between academic research and commercialization. To date, 28 funded QED projects have attracted over $15 million in follow-on funding and led to seven licensed technologies.

QED goes to the heart of the Center's mission as a nonprofit organization that supports early-stage innovation. In its latest funding round -- the eighth -- QED awarded $600,000 to support researchers at the University of Delaware, Penn State University and Rutgers. The awards are half funded by the Science Center and half by the researchers’ institutions.

The four awardees were selected from a pool of 62 applicants and 12 universities in the Greater Philadelphia region.

Amy Cowperthwait of the University of Delaware is revolutionizing healthcare training by addressing the shortcomings of mannequin simulation. A qualified nurse, Cowperthwait has teamed up with lead engineer Amy Bucha to develop a tool for teaching healthcare workers airway management in emergency situations, improving patient safety and providing feedback from the patient’s perspective.

Dr. Judith Deutsch, professor of rehabilitation and movement science at the Rutgers University School of Health Related Professions, led a team of physical therapists and engineers to create a customized low-cost rehabilitation technology that selectively tracks movement and heart rate. The technology will aid in balance, mobility, coordination and fitness training for older adults as well as persons with neurologic and musculoskeletal conditions such as a stroke.

Dr. Melik Demirel of Penn State is using proteins to coat the surfaces of biomedical swabs, improving DNA capture. These swabs will allow gene analysis from even tiny amounts of blood or other biological samples; the DNA swab industry is the primary market for this product.

Dr. KiBum Lee, an associate professor of chemistry and chemical biology at Rutgers, is developing an innovative platform for programming human patient-derived stem cells for use in stem-cell therapies. His methods would help people with incurable and debilitating diseases and disorders. Lee's strategy is unlike conventional approaches because it doesn’t rely on the use of viruses to modify the cells' genes.

"The QED program excels at finding innovative, commercially relevant solutions for pressing problems in healthcare and life sciences," notes Science Center President and CEO Stephen S. Tang. "Our latest round looked for innovative approaches to collaboration as it emphasized partnerships between two groups that don’t typically work together: medical professionals and engineers. Putting together these groups’ different skill sets and perspectives -- as exemplified by Amy Cowperthwait’s and Judith Deutsch’s projects -- creates another path to improving patient care. You can expect to see more of these special emphasis areas in the future."

WRITER IN RESIDENCE is a partnership between the University City Science Center and Flying Kite Media that embeds a reporter on-site at 3711 Market Street. The resulting coverage will provide an inside look at the most intriguing companies, discoveries and technological innovations coming out of this essential Philadelphia institution.
 

Coffee. Pastries. Banh mi and lunch bowls. Sushi. Japanese-style small plates. Robatayaki. You can get them all at Double Knot, Sampan's exciting new neighbor on 13th Street. For Michael Schulson and his MJS Restaurants (of Atlantic City's Izakaya, Sampan and the Independence Beer Garden) the new spot came after a quick turnaround -- it took less than a year from lease to launch. The dynamic space is an intriguing addition to Midtown Village's exploding restaurant scene.

There’s so much happening at Double Knot (120 S. 13th Street) that it's good to have a tour guide. The space has two levels: about 1100 square feet upstairs and a larger downstairs space offering about 3000 square feet including dining rooms, a bar (under beverage manager Zachary Davis), and a twelve-seat sushi and robatayaki bar.

The Double Knot day starts at 7 a.m. in its street-level coffee bar where they serve a buzzy proprietary blend through a partnership with Elixr; the menu also includes coffee cocktails and pastries (from pastry chef Roxxanne Delle Site). From there, it's on to lunch: Schulson says his mid-day patrons have been especially enthusiastic about the midday offerings: create-your-own lunch bowls or banh mi for just $7.

At 4 p.m., the cocktail lounge opens, serving a daily punch, wine and beer on draft, desserts, and selections from the downstairs sushi and robatayaki menus. Dinner starts at 5 p.m. with 35 seats upstairs -- along with a full bar serving sake by the glass and bottle -- and 80 seats downstairs, plus the sushi bar.

"We wanted to do something that made the downstairs feel a little bit more exclusive, more hidden," says Shulson of building a space that patrons will discover "tucked away" down a hallway and back stairwell.

And dinner?

Executive Chef Kevin Yanaga supervises a menu featuring sushi, Japanese small plates (Schulson recommends ordering about eight for a table of two) and 38 robatayaki options. Robatayaki is a Japanese-style skewer slow-grilled over open charcoal; Double Knot’s offerings include duck hearts, lobster, shrimp, venison, chicken breast and asparagus.

As for the small plates, take your pick. The menu has nine sections including meat, fish, sushi, sashimi, hot, cold and crispy. Schulson's favorites include the hearts of palm salad; the tuna tartare with chili oil, avocado and rice pearls; and the rib-eye for two served with sushi rice and lettuce for wrapping.

Kate Rohrer of Rohe Creative designed the space. Upstairs patrons will find a light, earthy palette including exposed brick, reclaimed wood, tile, antiqued mirrors and industrial-style lighting. Downstairs, there's "dark and moody" velvet booths, industrial fixtures and two hand-painted murals.

Writer: Alaina Mabaso
Source: Michael Schulson, MJS Restaurants
 

On February 4, Mayor Jim Kenney joined Mt. Airy USA Executive Director Brad Copeland and others for the official launch of the Philadelphia Immigrant Innovation Hub at 6700 Germantown Avenue.

In his remarks to the diverse crowd of immigrant entrepreneurs, funders and other supporters, Kenney called the room "a beautiful sight."

"This is what Philadelphia looks like," he said. "And this is what the country should look like."

Copeland added that a support and co-working hub for Philly's immigrant entrepreneurs was "very Mt. Airy" -- the neighborhood is already extremely diverse and civically engaged. He praised Hub members’ commitment, drive, energy, vision and "willingness to take risks."

The Hub was made possible by a 2015 Knight Foundation Cities Challenge grant. Speakers credited former Mt. Airy USA leader Anuj Gupta for the inspiration to pursue these dollars for the project. Out of 5,000 applications last year, there were 32 winners -- seven of those from Philadelphia, the most winners from any city in the country.

"[Knight] allows organizations like ours to dream crazy dreams and then challenges us to make them a reality," enthused Copeland.

Sarajane Blair and Jamie Shanker of Mt. Airy USA outlined the new space's offerings, which are made possible with additional financial support and guidance from the nonprofit community lender FINANTA. Services will include "core workshops" (offered through a partnership with the Welcoming Center for New Pennyslvanians), individual business and financial plan development, credit building tools, and community support and engagement helmed by Mt. Airy USA. Hub members will also have access to a co-working space on Germantown Avenue, five financial lending cycles a year, and dedicated networking programs.

"We will do everything we can to help you succeed," said Blair to program participants.

Those eligible for the program must be immigrants to the U.S. who want to be self-employed and have a business idea or plan, but need assistance in starting or growing their business. Applicants can head to piihub.org to get started.

Writer: Alaina Mabaso
Sources: Philadelphia Immigrant Innovation Hub launch speakers
 

Six early-stage healthcare companies comprise the 2016 class at the University City Science Center’s Digital Health Accelerator (DHA). These startups are developing technologies as diverse as enrolling sick pets in clinical trials to providing treatment for chronic wounds without a doctor’s visit.
 
Each startup in the just-announced sophomore cohort will receive up to $50,000 in funding, professional mentorship, and networking opportunities with key healthcare stakeholders including insurers, pharmaceutical companies, hospitals and research institutions. They’ll also receive a 12-month membership at the Innovation Center @3401 -- a partnership between the Science Center and Drexel University in collaboration with Ben Franklin Technology Partners of Southeastern Pennsylvania and Safeguard Scientifics. 
 
The 2016 DHA companies are:

Grand Round Table
The company's product emails primary care providers a daily summary of their scheduled patient follow-ups so they can better manage high-risk patients, keeping them out of the hospital.

Graphwear Technologies
This startup has developed the first graphene patch to measure dehydration, glucose and lactic acid levels, all from your sweat.

InvisAlert Solutions
The company uses a wearable device to help care providers monitor patients in institutional settings, improving compliance.

Oncora Medical
This enterprise has a tool for planning personalized cancer radiotherapy, reducing the incidence of toxic radiation side effects in patients and improving cancer center efficiency.

One Health Company
This startup helps to enroll ill pets in trials of cutting-edge therapies, improving their wellness and encouraging the development of new therapies for human medicine.

Tissue Analytics
This company transforms the smartphone into a platform for evaluating and measuring things like chronic wounds, burns and skin conditions. 
 
The 2016 class was selected from a pool of 69 applicants via a multi-stage process that emphasized the inclusion of women and minority entrepreneurs. The DHA employs a selection panel of industry and investor professionals -- including a number from outside the region -- to review applications and make recommendations.
 
As it turned out, all of the selected companies have some connection to the University of Pennsylvania or Drexel. Four of them -- Grand Round Table, GraphWear Technologies, Oncora Medical and Tissue Analytics -- are graduates of DreamIt, also located at the Innovation Center. Of the six companies in the second DHA class, three are women or minority-owned.
 
The Science Center launched the DHA in 2014; seven companies from the inaugural class have since gone from prototype to commercialization, creating 68 new jobs, generating over $1 million in revenue and raising almost $9 million in follow-on investment.
 
Funding from the U.S. Small Business Administration Growth Accelerator Fund enabled the second class of the DHA to continue to focus on minority and women-led businesses. The DHA also received support from the Commonwealth of Pennsylvania’s Department of Community and Economic Development. 

WRITER IN RESIDENCE is a partnership between the University City Science Center and Flying Kite Media that embeds a reporter on-site at 3711 Market Street. The resulting coverage will provide an inside look at the most intriguing companies, discoveries and technological innovations coming out of this essential Philadelphia institution.
 

What do Philly's women business executives have to say about their career journeys? To answer that question, the nationally operating CPA firm Citrin Cooperman hosted an inaugural "Women at the Wheel" forum at the Union League of Philadelphia. The January 21 event featured four of the city's most notable business leaders telling their stories and taking questions from the crowd.

Julie Coker Graham, a former Hyatt Regency Philadelphia general manager, is the new president and CEO of the Philadelphia Convention and Visitors Bureau. Suzanne S. Mayes, a 2012 Alice Paul Equality Award winner and leader at several women’s initiative organizations, is the chair of the public and project finance group at Cozen O’Connor. They were joined by Cheltenham native JoAnne Epps -- currently dean of Temple’s Beasley School of Law, she was appointed by Mayor Michael Nutter to chair the new Police Department Oversight Board and earned the Philadelphia Bar Association’s Justice Sonia Sotomayor Diversity Award. Catherine M. Cahill completed the panel. Originally a musician, she has had a distinguished career in arts administration and been the president and CEO of the Mann Center for the Performing Arts since 2008.

Citrin Cooperman partners Mary Brislin and Colleen S. Vallen moderated the panel.

In her opening remarks, Vallen noted that only about thirteen percent of U.S. business board and executive positions are held by women (though in local healthcare and higher education sectors, that number has topped twenty percent).

Graham touted her lifelong "passion for hospitality." Just a few decades ago it was virtually unheard of for a woman -- especially an African-American woman -- to pursue a four-year degree in hospitality management.

"The culinary scene here is just exploding," she said of moving Philadelphia in 2007.

Mayes spoke about her formative years at an all-girls high school where a you-can-do-anything attitude wasn’t aspirational or visionary, "it was a fact," with women leaders on sports teams and in school clubs. She took this attitude with her to college, where she remembers a "five-minute meeting" with her male undergraduate advisor -- she wanted to discuss her grad school options. He told her to focus on finishing college, not going to business or law school.

"Happily, I didn’t listen to him," she recalled, earning her law degree from the University of Pennsylvania.

"It didn’t occur to me that African-American women could run anything," said Epps of her school days; she thought becoming a legal secretary would be the apex of her career. She remembers her own mother, whose school counselor "laughed until he cried" when she said she was interested in medical school and put her on a secretarial track instead. Epps herself went on to attend Trinity College just after it became co-ed and was greeted on her first day with signs that read, "Co-eds go home, we hate you!"

But her years there were successful, leading to a prominent legal career.

"Be vigilant as to what is happening to us, and be vigilant as to what is happening to others," she advised attendees on improving gender parity in the workforce.

Cahill, a Temple undergraduate and Drexel graduate alum, has managed major music institutions such as Lincoln Center’s David Geffen Hall, the Dallas Symphony, the New York Philharmonic and the Toronto Symphony before landing in Philly. She touted a recent "sea change" in the world of leadership for women.

The panel took several audience questions, including one about coping with "imposter syndrome" in high-powered jobs.

"It’s about recognizing the moment of self-doubt," said Mayes. "What do you do about it?" There’s no such thing as a work-life or mom-career balance, she continued. Instead, it’s about "integration" with the right personal and professional support.

Writer: Alaina Mabaso
Sources: Citrin Cooperman Women at the Wheel speakers
 

If it takes fortitude to be an entrepreneur, it arguably takes even more to be an angel investor -- a high-gamble endeavor for those with deep pockets and an appetite for risk.

Joe Herbst is active with Robin Hood Ventures, an angel consortium based at the University City Science Center. At a recent "Coffee & Capital" event at the Science Center’s Quorum, he shared his thoughts on what it takes to be a successful angel -- and what it takes to get a blessing.

Herbst is one of 40 Robin Hood members who meet monthly at Quorum to consider pitches. Founded in 1999, the group has invested in over 50 companies; Herbst, an active angel since 2004, has 20 companies in his personal, early-stage technology portfolio. (Robin Hood members invest individually, not as a group.)

What drives Herbst and his fellow angels? His personal motivation is the potential for higher returns. (Members typically look for at least a 20 percent return on investment.) As for the group, "Robin Hood invests in companies in the Philadelphia region," he explains. "I believe it is important to support rapid-growth, early-stage businesses to retain talent and create good paying jobs in the local community."

The organization's investors usually focus on capital-efficient, business-to-business companies in the technology sector. They typically make about six new investments per year -- ranging from $150,000 to $400,000 -- and aim to exit profitably within about eight years.

They look for enterprises that are scalable and have already demonstrated a market for their product or service.

"We like to see a product running -- not a prototype or a test... -- that has been bought, paid for and re-bought," says Herbst. The members also look for an entrepreneur who has invested some of his/her personal money and demonstrates "deep domain knowledge: Someone who has lived and breathed in that industry for a decade and has seen problems that are not getting solved."

Still, there are exceptions. Herbst cites LuxTech, an LED lighting company whose young CEO pitched three times to Robin Hood before winning funding.

Robin Hood's success stories include the sales of Locus Energy to Genscape, LiveLOOK to Oracle and Novira Therapeutics to Johnson & Johnson. 

Still, according Herbst, "We have more losers than winners. That’s why we spread it around. And the winners have to be big winners."

WRITER IN RESIDENCE is a partnership between the University City Science Center and Flying Kite Media that embeds a reporter on-site at 3711 Market Street. The resulting coverage will provide an inside look at the most intriguing companies, discoveries and technological innovations coming out of this essential Philadelphia institution.
 

Recently, we took a look at the Enterprise Center’s ScaleUp America Initiative, a federally funded curriculum targeting mid-range Philadelphia businesses that have had success in their markets but need additional support to get to the next level.

West Philadelphia native Jameson Harris, 35, is a member of ScaleUp’s Elevate! Cohort 2016; he got started with the year-long program earlier this month. In 2002, Harris founded Brothers of Nature, a West Philly-based landscaping, home improvement, and property maintenance company.

The business started with three part-time employees, grew to about eight by 2014, and 16 this year. In 2005, Harris won a minority business plan competition with the Enterprise Center -- grants totaling $35,000 went towards supplies to expand the venture.

When he got started, Harris was one of the only landscaping companies based in his West Philly neighborhood. One of his largest early clients was the nonprofit ACHIEVEability, an affordable housing program with over 150 homes. As Harris expanded, the landscaping work expanded to include property maintenance for ACHIEVEability tenants and others.

Brothers of Nature now offers mowing, pruning, and leaf and snow removal, in addition to home improvement services such as painting, flooring, kitchen and bathroom installations, plumbing and electrical services. The company’s clients include the City of Philadelphia: They maintain vacant lots (keeping them mowed and clear of debris) in a span between 33rd and 15th Streets, Washington and Snyder Avenues.

Harris realized early in his career that entrepreneurship was the way to go.

"I knew a regular job couldn’t support what I need to get done," he says of finding something he could rely on in tough times. He’d been working for a landscaping company and decided to launch his own venture in the same field.

2016’s ScaleUp cohort will attend a total of seven seven-hour class sessions throughout the year, as well as one-on-one mentoring for targeted challenge areas and plenty of networking opportunities. One major goal for Harris this year is transforming his business from a sole proprietorship to an LLC.

"ScaleUp has taught me to involve my guys more in the business of what’s going on and how to grow, how to take on more customers," he says. That shift is not just about lightening his load, but about letting him focus on crucial administrative aspects of the business including his longterm business plan. Upcoming goals include growing his employee roster and transitioning part-time workers to full-time.

Writer: Alaina Mabaso
Source: Jameson Harris, Brothers of Nature
 

A new collaboration between Shake Shack, Yards Brewing Company and La Colombe Coffee Roasters is giving Philly a rich and tasty new brew for the cold-weather season, available on draft at select locations while supplies last.
 
On January 8, Shake Shack Culinary Director Mark Rosati, La Colombe co-founder Todd Carmichael, and Yards founder and brewmaster Tom Kehoe officially launched their limited-edition Coffee Stout at Center City’s Sansom Street Shake Shack location.
 
Kehoe chatted with Flying Kite while taking full advantage of an impromptu Shake Shack combo -- making a vanilla custard float with his stout. The collaboration has been in the works for about two months. The strong, dark, and smooth ale gets bright notes of lavender, orange and caramel from ethically sourced beans that come to Philly via the Haitian village of Fatima (as part of La Colombe’s three-year investment in the Haiti Coffee Academy). 
 
The base stout is very similar to Yards' Chocolate Love Stout, brewed with the same chocolate malt. It gets its mellow coffee flavor directly from the beans in a secondary fermenter.

"Coffee really works so well with the beer," said Kehoe. "It’s definitely a beer for winter because of the robustness of it."
 
Sales will benefit the City of Philadelphia's Mural Arts Program (MAP), Center City Shake Shack’s official charitable partner. $2 from each pint purchased will go to MAP.
  
So where can you get your hands on some of this buzzy brew? Pints are on sale for $5.75 at Yards’ Northern Liberties tasting room, La Colombe’s Fishtown café (1335 Frankford Avenue) and all three Philadelphia-area Shake Shack locations (Center City, University City, and King of Prussia).
 
Writer: Alaina Mabaso
Source: Tom Kehoe, Yards Brewing Company