West Philadelphia : Innovation + Job News

The thing that surprised Eric Smith the most about the first annual Philadelphia Geek Awards wasn't the guy who accepted his honor in a fox head costume. It wasn't the sold out crowd of over 400 who packed the Academy of Natural Sciences auditorium last Friday night. It was the negative feedback from folks who were upset by who was left out. "It shows that people were invested and care about what we're doing," Smith reflected after a good night's sleep. "It was supposed to be something mostly for fun, but it got a lot more serious." In the two weeks leading up to the Awards, Smith says press coverage blew up, and tickets disappeared.

The Geek Awards, the brainchild of Smith, Tim Quirino and Michelangelo Ilagan, who make up the staff of Geekadelphia ("A Guide to Everything Geek in the City of Brotherly Love"), were by all measures a total success. Sponsored by a host of local organizations including The Academy of Natural Sciences, who provided the venue free of charge, along with Drink Philly and National Mechanics who donated food and beverages, the event celebrated dozens of the city's technological finest, with just under twenty categories, from Best New Blog (a tie between DrinkPhilly and Naked Philly; the latter wore the fox head) to Outstanding Achievement in Fashion & Lifestyle, which is not the first attribute that comes to mind in the geek world, but Philly happens to have some very hip and good looking techies. Cadence Wrist Watch Company, home of the 4-bit, 4:20 and Wrist Rocket models, won that title.

"It was always something Tim and I wanted to do," says Smith of the awards. "We have all these great awards in Philly, but nothing for geeks." Let's just say that PriceWaterhouseCoopers did not oversee the process. Smith and cohorts at Geekadelphia designed the ceremony and chose categories, nominees and winners (with a little help from friends like Alex Hillman of Indy Hall). Next year the Geek Awards will be even more inclusive and probably a lot more serious, with spots for scientists, web developers and programmers.

Following his moment in the spotlight and cheering crowds, Smith returns to his day job at the Philadelphia based Quirk Books, which turns out bestsellers including Pride and Prejudice and Zombies and Miss Peregrine's Home for Peculiar Children, as well as the aptly titled Geeky Dreamboats.

Source: Eric Smith, Philadelphia Geek Awards
Writer: Sue Spolan

There's a whole lot of hiring going on in Zone 7. Lest you think you've slipped into a science fiction world, Fresh From Zone 7 is the name of a fast growing company that's, well, all about growing. Founded in 2008 by Mikey Azzara, the Cranbury, N.J.-based farm-to-table distributor serving Pennsylvania and New Jersey has doubled in sales every year.

Right now, there are five job openings for energetic people who are committed to providing local food to local eaters: sales, warehouse crew, warehouse crew leader, drivers (multiple) and a sales team intern. While the positions are primarily part time, the right candidate could combine several to create a full time gig. Currently there are 9 people on staff, and the new hires would represent about a fifty percent increase. The company began with just two employees in 2008.

Azzara reports that each week of the 2011 season, Zone 7 has been adding deliveries at an almost explosive rate and at this point is maxed out in terms of staffing.

"On Tuesday, Wednesday and Thursday, all three of our trucks are out," says Azzara of the fleet that picks up from all over New Jersey and Pennsylvania, delivering to over 80 establishments, including The Farm and Fisherman, Southwark, Garces Trading Company, Weaver's Way, Greensgrow and the Fair Food Farmstand in Philadelphia. The New Jersey territory stretches from Atlantic City to West New York, NJ.

The 40 farms that supply Zone 7 include Blooming Glen, Jah's Creation Organic, Griggstown Farm Market, and Branch Creek, where the original seed for Zone 7 was planted.

Azzara had been working for the Northeast Organic Farming Association of New Jersey for five years when he sat down at the table of Mark and Judy Dornstreich, pioneers of the local food movement and founders of Branch Creek Farm, which has been growing and delivering organic produce to Philadelphia restaurants since the 1970s. "They supplied me with the truck, the name and the idea," says Azzara.

Zone 7, named for the USDA Hardiness Zone in which we live, is a 52-week-a-year operation, says Azzara, and its busiest months, surprisingly, are November and December. "Our time to catch our breath is January, February and March." Starting in April, asparagus and swiss chard are the first crops to harvest.

Source: Mikey Azzara, Zone 7
Writer: Sue Spolan

The Laurence A. Baiada Center for Entrepreneurship at Drexel University's LeBow College of Business is about to expand, taking up residence in the soon to be constructed LeBow building at 32nd and Market Streets. Currently tucked away in a former industrial space at 32nd and Arch, the Baiada Center has been physically separate from LeBow, but that's all about to change. The business school's former home, the Mathieson Building, is now in the process of being demolished to make way for a 12 story state of the art structure. The new Baiada Center will have a light-flooded open floor plan, and will add a behavioral lab where entrepreneurs can conduct focus group tests.

A division of LeBow, Baiada has long offered full support for entrepreneurs, from office and conference space to mentoring, training and promotion. "A lot of what we do is built around the presumption that most entrepreneurs know their space, and need help building and selling their companies,' says Mark Loschiavo, Executive Director and Senior Executive in Residence. Startups, which range in specialty from transportation to medical devices, also receive a small amount of seed capital.

The current space is currently home to ten companies, notably CityRyde, which just received $345,000 in funding for its bike share technology, as well as current undergrad Bradley Ericson, whose company 3 Second Receipts earned him the title of Entrepreneur magazine's College Entrepreneur of 2009.

Loschiavo says that the vast majority of Baiada's tenants are Drexel alums, and all have had some affiliation with Drexel. The center chooses two to three companies each year, negotiates a competitive one-year lease, and reviews the startup's performance at the end of the initial contract.

While residence is open ended, Loschiavo says companies must show movement in the right direction to remain in the center. One Baiada business, Drexel Drinks, is something of an incubator within an incubator. The on-campus beverage delivery service has become a model for succession, providing turnover and training as students graduate and move on.

Founder and primary funder Mel Baiada is a Drexel alum and serial entrepreneur who credits a successful exit in the software industry. He also founded Basecamp Business, a networking tool for entrepreneurs. "The Baiada Center established a culture of entrepreneurship at Drexel, and helps the university maintain an entrepreneurial focus," he says. Mel's brother, Mark, who founded Bayada Nurses, is also an investor in the incubator, which is named in honor of their father. The new LeBow building should be complete in 18 months.

Source: Mark Loschiavo, Mel Baiada, The Baiada Center
Writer: Sue Spolan

Your scraps are Tim Bennett's gold mine. Bennett Compost offers urban dwellers the opportunity to recycle food waste without expensive equipment or outdoor space. Bennett began the business out of a personal need. "At the time, where I was living in South Philly, I wanted to compost, but I had no backyard." After dissatisfaction with home composting systems costing around $300, Bennett created a composting service that would benefit city homes and businesses at a fraction of the cost.

For a $15 monthly fee, residential customers receive a covered bucket, and Bennett's truck swings around once a week to empty and return the container. Commercial customers, including coffee shops, a florist and some restaurants, pay on a sliding scale depending on volume and frequency of pickup, but Bennett adds that the cost offsets commercial trash hauling fees, and in some cases commercial customers are able to save money on refuse.

Used food and some types of paper are sent to a composting facility in Delaware and then picked up for distribution to area community gardens. Customers can opt to receive up to 10 gallons of the finished product free of charge; beyond that, compost is available at a discounted price. You don't have to be a customer to buy compost. Five gallon buckets are available to the general public for $10, and will soon be sold at area retail locations including Essene Market and Green Aisle Grocery.

Current offices are based in South Philly at Bennett's home, with a North Philadelphia warehouse. Bennett was able to quit his day job at Temple University last summer to devote his career full time to compost. "We bootstrapped our way up. Now we are profitable enough that I am able to pay my own salary, and we have three part time employees." The business continues to grow, with 300 residential customers and 20 businesses distributed across the entire city.

Source: Tim Bennett, Bennett Compost
Writer: Sue Spolan

Riding a bike to national recognition, a team of University of Pennsylvania mechanical engineering students created a revolutionary cycle design that propels far more than the rider. Geoff Johnson, Evan Dvorak, Lucas Hartman, Katie Savarise, and Katie Rohacz teamed up on the design and fabrication of The Alpha Bike, which is now getting coast-to-coast attention.

"Bikes have not changed much in the last 150 years," says Dvorak, who explains that Alpha allows the rider to literally flip a switch between freewheel and fixie style, which he compares to driving an automatic versus manual transmission car.

Alpha Bike is elegant. There are no external cables, brakes or hardware. Smooth surfaces were either milled or printed, and it is mindbending technology that allows stainless steel parts and plastic handlebars to emerge from a 3D printer. The seamless result came from thousands of hours of work. Dvorak estimates that the team spent, at minimum, 700 hours each over the course of their senior year, all while pulling full courseloads of up to six classes.

The 28 pound bike incorporates an electronic system similar to that of a hybrid car, with a dynamo, capacitors, an internal drive train, and the option to add even more bells and whistles such as an accelerometer. "We got our inspiration from Apple's design philosophy," says Dvorak, who describes the computer maker's products as almost magical. "The technology is completely hidden." Alpha's elegant and simple profile belies the complexity of the design.

The team estimates cost of the materials at between $15,000-$20,000, with much donated or purchased at a greatly reduced cost. Johnson, who calls this a concept bike, is not interested in selling the Alpha, but estimates the final tab for parts and labor at somewhere around $50,000.

The Alpha team received an initial budget of $1,500 from the School of Applied Engineering and Science; the team was able to fund the rest thanks to several dozen sponsors and suppliers.

The technology that the team developed is ripe for licensing, and after a recent demonstration, Drexel School of Law Dean Roger Dennis offered to handle the patent work. Johnson has been in talks with Specialized, an international cycle manufacturer out of the San Francisco Bay Area.

Source: Geoff Johnson, Evan Dvorak, Alpha Bike
Writer: Sue Spolan

You can have your stake and eat it too at this local micro-funding event. Philly Stake provides fast funding for great ideas, with a heaping helping of local cuisine and good cheer. On July 17, the group set up at Historic Bartram's Garden on the banks of the Schuylkill River in Southwest Philadelphia.

A sliding scale admission fee of up to $20 gave over 250 attendees the opportunity to hear about 10 local startup projects while enjoying a locally sourced organic dinner. It was immediate gratification. At the end of the night, three groups were handed cash to carry out proposals.

Tidal Schuylkill River Tour received $1,000 to collaborate with the Philadelphia Wooden Boat Factory in creating a vessel that will go out on a river tour; Fair Grounds won $600 to build a food and sculpture garden in East Kensington; and Sunday Suppers received $500 to encourage family dinners in low income areas of Philadelphia.

Theresa Rose, who by day works for the City of Philadelphia's Office of Arts, Culture and The Creative Economy, is the founder of Philly Stake, which is not connected with her work for the government. "I was excited about the idea of having a platform for people to get together and share ideas," says Rose. "There's so much going on in Philadelphia, but not so many outlets for us to share with each other." The July event was the third in the growing series, which began last September.

A shorts and sundress clad crowd set up blankets on a grassy bank overlooking the 46-acre botanic gardens and enjoyed a summer menu that included veggie and meat tamales, salads, dessert, beer and wine served on vintage plates collected at local thrift stores. Ten fundraising hopefuls, chosen randomly from a pool of 21 applicants, presented projects. Voting ballots were collected and tabulated on the spot to determine the night's winners.

It takes a lot of volunteer effort to orchestrate Philly Stake. There are 18 dedicated core organizers, according to Rose, who donate time and skills, including chefs Eliot Strathman and Eric Blasco. Rose got the idea for the program after attending Feast in Brooklyn and says it fulfills a need for a place to exchange creative ideas and foster connections. The next Stake dinner is planned for this fall in Center City.

Source: Theresa Rose, Philly Stake
Writer: Sue Spolan

As America races to maintain standing in the global economy, industry clusters have been touted as a key strategy for technological innovation. While Silicon Valley and North Carolina's Research Triangle are held as bright spots where higher education meets high tech, few innovation clusters are successful. A recent column in the Washington Post dubbed government funded industry clusters "the modern day snake oil," doomed to fail.

At the third annual Regional Affinity Incubation Network (RAIN) meeting, held last week at the University City Science Center, David Finegold, Dean of Rutgers' School of Management and Labor Relations, responded. "A lot of efforts haven't panned out, but industry clusters are not without hope." He explained that early efforts were "real estate plays." What sets the tri-state region apart is the ability to build from that which is distinctive about this area, said Finegold, rather than starting from scratch and hoping that if it's built, innovation will come.

New Jersey, in particular, has nowhere to go but up, having ranked last in 2010 in U.S. job creation. While traditionally the state was a leader in biopharma and telecommunications, these industries made up a large-firm culture, and it's now time to build diverse networks, according to Finegold.

The University City District in Philadelphia is a 2.5 square mile powerhouse of commercial and institutional vitality, employing 70,000 people, according to UCD president Matthew Bergheiser. Forty percent of NIH funding in Pennsylvania is granted to projects within the boundaries of University City, and the Science Center has long been a fertile startup breeding ground that encourages organic growth, rather than superimposing ideas of innovation on an otherwise bereft area.

In Delaware, by contrast, plans are underway to convert Newark's former Chrysler assembly plant into an 250 acre innovation hub complete with living and working space, with an existing rail station to encourage commuters, and the potential to create collaboration across state lines, according to David Weir, PhD, Director of the Office of the Economic Innovation & Partnerships at the University of Delaware.

With a continued soft real estate market, Finegold offers that the way out of the recession is through leveraging human capabilities and university facilities. "We already have a great talent base here," said Finegold of efforts in Pennsylvania, New Jersey and Delaware, which he terms one of the most diverse regions on the planet.

RAIN is a regional network of over 40 research parks, incubators and support organizations located in the tri-state area.

Source: David Finegold, Matthew Bergheiser, David Weir, RAIN
Writer: Sue Spolan

PHOTO:

Former Chrysler Assembly Plant in Newark DE

In the game called World of Startup, the main characters are geeks and suits. PhillyMerge was created to help the two tribes meet on common ground, where developers and entrepreneurs can learn some slick moves from one another. It's a long standing and sometimes contentious relationship characterized by the blog Whartonite Seeks Code Monkey, in which MBAs are called to task for asking developers to work for peanuts.

The one day conference, held July 15, drew about 50 business types and coders to Huntsman Hall at the Wharton School of the University of Pennsylvania. Organized by Steve Rittler and Adam Tuttle, who met at the Philadelphia Cold Fusion User Group (CFUG), the event offered an even split of speakers. Chris Stanchak from TicketLeap told war stories about founding and growing the online event ticketing company, overcoming hiccups and navigating through three successive builds.

Attorney Frank Taney, who practices at Buchanan Ingersoll & Rooney, addressed legal issues confronting emerging businesses. Jim Caruso of the accounting firm Fesnak and Associates explained financial forecasts and projections, and helped one attendee understand why his spreadsheets were flawed.

Rittler and Tuttle said PhillyMerge ran like clockwork, with a running commentary on twitter and feedback boards. "People are really happy," said Rittler. "They like the flavor. It's different from what you usually see, where there's not a lot of crossover."

Total cost of the conference was estimated at $3000, and because Tuttle works at Wharton Learning Lab, space that would have doubled the cost was donated gratis. Sponsors included Adobe, Chariot Solutions and Duck Duck Go.

While Tuttle and Rittler did not ask this year's attendees if they played for the geek or suit side, they estimate it was about 70/30 in favor of techies. "That's a lesson learned," said Tuttle, who garnered a wealth of wisdom for planning and running next year's conference. Like a tenet heard often in entrepreneurial circles, PhillyMerge isn't built for exit. It's built for lifestyle.

Source: Steve Rittler, Adam Tuttle, PhillyMerge
Writer: Sue Spolan

University City's story of urban renewal, job creation and international talent is well-told. In a few short years, the 20 by 16 block, 2.5 square mile neighborhood has blossomed into a hub for culture and technology, with business and creative communities growing in tandem. One benchmark is fast growth in the food world, where five of The Food Trust's 40 area farmer's markets operate. For example, the Clark Park farmer's market has grown 30 percent since 2005 and has expanded from Friday afternoons when it began in 1998 to two days a week and year-round.

Another example can be found right now in University City Dining Days. An expected 26,000 patrons of 29 restaurants will eat the fruit of world class chefs like Garces and Flay for under $30. There's been a 20% increase in full service restaurants in the neighborhood in the past three years.

Philly Homegrown turns a sharp focus on all the awesome food on offer round these parts, and considers University City to be at the top of the locavore list, as the area provides a concentrated look at what can happen when people take farm to table very seriously. "West Philly is particularly rich in chefs and consumers who care about food," says Donna Schorr of the GPTMC.

UC menus tend toward locally grown and sourced items, and chefs may be found perusing the goods at Clark Park, where thousands flock weekly and even includes food trucks Honest Tom's and Guapos Tacos, which was recently renovated and sports bright orange furniture.

"It's a good source of revenue for small to medium family farms," says the Food Trust's Nick Uy, noting his organization charges vendors just $35 per stand.

There's an explosion of activity west of the Schuylkill, according to UC District Communications Manager Mark Christman, with tourism friendly Sustainable Saturdays and Farm to Table Trolley Tours; as well as neighborhood boosters like the Clean & Safe Program which employs 80 people who function as West Philly ambassadors, and the West Philadelphia Skills Initiative, now in its second year providing employment for local high school students.

Source: Nicky Uy, Food Trust; Mark Christman, UC District; Donna Schorr, GPTMC/Philly Homegrown
Writer: Sue Spolan

It's a gritty city, and someone's got to pretty it up. Sarah Holmes' Gritty City Beauty Company began as a personal quest for simple skin care products. "It started when I was pregnant," recalls Holmes, who had to give up tubes of topical ointment and needed a healthier alternative. She started making her own scrubs and masks, and it wasn't long before the full-time product liability lawyer saw a business idea in her afterwork potion making.

"It seemed like the more I cut out the prescription creams, the better my skin got," says Holmes, and Gritty City Beauty Company was born at the end of last summer. Holmes is also a wife and mother of a 15 month old toddler, yet she somehow finds time evenings and weekends to create and grow her line of organic beauty products.

Gritty City now carries soaps, scrubs and toners as well as all natural makeup. While the former can be cooked up in Holmes' Port Richmond kitchen, the makeup is created in a lab. While this type of product is not mandated by law, "You do have to adhere to certain manufacturing practices," says Holmes. "Ultimately you have to put out a product that is safe and can hold up to consumer use. I am very careful about that sort of thing."

Gritty City is primarily an online operation, and Holmes sets up tables at local outdoor events, where people are able to smell and test the items. Holmes was surprised to discover that she has a strong older customer base. If she had to guess, she would have placed her target customer in the 18 to 35 age range, but she actually gets a lot of buyers in their 50s and 60s.

Gritty City is also beginning to get placement in Philadelphia boutiques and has met or exceeded all its benchmarks so far. With no outside financing, Holmes relies on social media marketing, and Facebook and Twitter are driving traffic to the online shop. You can find Gritty City at Nice Things Handmade on Passyunk Avenue in South Philadelphia, and Vix Emporium in West Philly. Or head down to Headhouse Square on July 2, when Gritty City sets up shop at the Craft and Fine Arts Fair.

Source: Sarah Holmes, Gritty City Beauty Company
Writer: Sue Spolan

A new hybrid temporary and permanent public art installation has transformed an entire city block in the Mantua section of Philadelphia. A Place to Call Home, a project of the Philadelphia Mural Arts Program, is a multimedia presentation that culminates at 3828 Melon Street.
Over 200 people showed up for last week's dedication of A Place to Call Home, which addresses the specific issue of homeless youth.

While there are about a thousand children without a permanent address in the city, Mural Arts Executive Director Jane Golden says, "We don't think about these kids, hiding in plain sight. They experience tremendous problems when they're not able to feel a sense of security."

A Place to Call Home is actually divided into three parts: Pathway to The Art House is a series of small murals, executed by Shira Walinsky, adorning neighborhood walls, pointing to the 3800 block of Melon. That entire block has been transformed through a Community Mural by artists Ernel Martinez, Damon Reaves, and dozens of schoolchildren who painted house facades in a rainbow of colors. Finally, The Art House, located at 3828 Melon, is a site specific installation in which each room of a formerly abandoned house holds a different art work. In the front room, walls, table and chairs are adorned with thousands of words derived from youth stories.

Elisabeth Perez-Luna of WHYY created a sound mural for the house. "It was an eye opener for me," says Perez-Luna, who conducted 20 interviews with kids who live in what she terms a parallel world, invisible to many.

Guests are welcome to wander the premises and gaze upon the overgrown back yard from an open doorway in the kitchen. "I like the concept of each room of a house affecting the whole, each family member affecting the whole, and ultimately the whole house being affected by the outside world," says artist Shira Walinsky.

Free to the public, Art House Tours will be held on the afternoons of Friday June 24 and Saturday June 25. At the end of the exhibit, the Art House will be renovated for residential use.

Source: Jane Golden, Shira Walinsky, Mural Arts Program; Elisabeth Perez-Luna, WHYY
Writer: Sue Spolan

Days before longtime tenant BioNanomatrix announced its move to San Diego, the University City Science Center recently welcomed five new companies, and continues to be an incubator for both startups as well as international companies wishing to establish a U.S. base and national companies hoping to move into the Philadelphia market.

The new tenants include life science companies Longevity Biotech, Claremont, and Epitek, Inc.; investment firm Karlin Asset Management; and Parsortix, Inc. a French company that specializes in the transportation and medical equipment sectors.

Scott Shandler is co-founder of Longevity along with Dr. Sam Gellman of the University of Wisconsin. "Longevity develops market leading, novel therapeutics for both rare and widespread diseases," explains Shandler, who has a dual background in finance and biochemistry.

Longevity's primary product is the proprietary Hybridtide platform, developed at Gellman's academic lab in Wisconsin, enables the development of new therapies to treat a range of diseases including primary arterial hypertension, small cell lung cancer, type II diabetes and HIV, according to Shandler. Longevity currently has a contract with Fox Chase Cancer Center. "The exciting science in Dr. Gellman's labs together with the increasing lack of products within the Big Pharma pipelines led me to commercialize this line of work," says Shandler.

Claremont's sole employee is Blandine Chantepie, the U.S. director of sales and business development. Chantepie fell in love with Philadelphia in general and the University City incubator in particular, having already occupied space at SciCenter while working for Claremont parent company Ballina Capital group.

Claremont's two divisions have quite different client bases. Its medical device division manufactures a laser for dental use. "They have been selling around the world, and are strong in Europe and Korea," says Chantepie. Now the company wants to make inroads into the U.S market. Already past the hurdle of FDA approval, it's just a matter of setting up a sales and distribution network, which is already showing early success. Chantepie cites the proximity of Penn Dental School as a selling point for the company's location.

Calremont's train parts division looks to Amtrak and SEPTA for major contracts, and Chantepie says that Philadelphia's central spot along the heavily travelled Northeast Corridor is ideal. Many of Amtrak's corporate offices are right here in Philadelphia in the floors above 30th Street Station. Chantepie anticipates hiring employees within the next six to twelve months.

The remaining three companies moving into the SciCenter are early stage investor Karlin Asset Management, a Los Angeles based firm with $1 billion in equity capital; life sciences firm Epitek develops treatments for radiation exposure and methods of radiation prevention, and Parsortix is a particle separation company founded in 2006 that is developing applications for stem cells, oncology, pre-natal diagnostics and bacteria.

Source: Blandine Chantepie, Claremont; Scott Shandler, Longevity
Writer: Sue Spolan

"I was a Science Center squatter," says Han Cao, founder of life sciences startup Bionanomatrix, now valued at $40 million. It's success stories like these that inspired the new Quorum at the University City Science Center. Back when Cao was a struggling scientist, he occupied virtual office space at the SciCenter. But when rent money dried up, Cao camped out anywhere he could, hiding behind a column in the lobby or setting up shop by the coffee machine.

The Quorum is a well-appointed series of rooms that can be opened into one big space or divided into smaller areas. With a sweeping view of the city, SciCenter CEO Stephen Tang calls the space a clubhouse. "We acknowledge the universal need to meet people," says Tang, who feels that face time is an essential part of business success. With so many electronic ways to connect, meeting in person is harder when you don't know where to go.

Philadelphia's business and government leaders were present last Thursday to bless the grand opening of the 4,000 square foot Quorum, including Mayor Michael Nutter, Duane Morris attorney Richard Jaffe, who is the outgoing SciCenter Chairman of The Board, Craig Carnaroli, who replaces Jaffe in that role in addition to his day job as executive vice president of the University of Pennsylvania; Mel Baiada, founder of BaseCamp Business, and State Representative Jim Roebuck.

Upcoming events planned for the Quorum are designed to unite area business leaders with entrepreneurs; on June 20, Smart Talk: Adventures in Entrepreneurialism, Deloitte Fast 50 Secrets of Success features CEOs from some of the region's fastest growing companies giving advice to hopefuls who may one day be able to tell their own mutli-million dollar success stories.

Source: Han Cao, Bionanomatrix; Stephen Tang, University City Science Center
Writer: Sue Spolan

Flying Bytes is a recurring roundup of innovation and quick updates on the people and companies we're covering:

SEPTA launches TransitView
Back in January, we reported that SEPTA was weeks away from launching a real-time, system wide tracking program. The future is finally here. Like SEPTA's TrainView for regional rail, the new TransitView provides live updates on the whereabouts of buses and trolleys throughout the city. Also launched: SMS Transit Schedule Information, allowing customers to receive a text with the next four scheduled trips, and Schedules to Go, a mobile website function that provides information on the next ten scheduled trips.

Shah closes $72 million IPO with Universal Business Payment Solutions
Following a hot tip, we learned that Bipin Shah, creator of the MAC, was seeking $72 million for payments startup Universal Business Payment Solutions. On May 13, UPBS (NASDAQ: UBPSU) got its money. According to Shah's partner Peter Davidson, "we closed on 12 million shares at $6.00 per share. The underwriters have a 45 day option to cover any over-allotments, which they have not exercised to date." Investors include hedge fund magnate J. Kyle Bass, who purchased about 800,000 shares.

Philadelphia Printworks up, running, finding its market
The lovely ladies at the helm of Philadelphia Printworks are going full speed with their new T-shirt business. Co-founder April Pugh reports that most of PPW's customer base has come from custom work, particularly from local indie rock artists. PPW loves its rockers right back and offers a band discount. Pugh says she and partner Ruth Paloma Rivera-Perez are now seeking partnerships with retail outlets and will be selling at upcoming summer festivals.

Specticast expands with EuroArts partnership
Digital entertainment distribution company Specticast continues to widen its reach. The company, which we originally profiled back in April, announced an exclusive partnership with EuroArts, bringing live and pre-recorded events from Berlin's Philharmonie, The Sheldonian Theater at Oxford University, and Madrid's Teatro Real, according to Mark Rupp, SpectiCast president.

Source: Andrew Busch, SEPTA; Peter Davidson, UBPS; April Pugh, PPW; Mark Rupp, Specticast
Writer: Sue Spolan