Week in Review: Philadelphia — a Hub for Entrepreneurs and Venture Capital
Posted by | September 7, 2012
In “How West and East Coast Dynamics Help Startups Succeed,” Phil Moyer argued that the east coast offers opportunities for growing companies to access customers, whether they’re in technology or life sciences. Philadelphia’s central location to many of those customers is attracting entrepreneurs and investment activity, as three recent media reports indicate.
In the wake of the Inc. 500|5000 rankings, the magazine put together a list of 10 cities that are home to the most Inc. 5000 companies. Philadelphia ranked number nine, home to 121 of the fastest-growing businesses in America. New York City topped the list with 350 companies.
TechnicallyPhilly reported that Philadelphia is also ranked 14th in the nation in terms of capital deployed, with $481 million in venture capital deals in 2011. Newsworks points out that Philly ranks #10 in the nation for number of deals completed.
While Philly’s venture credentials were being affirmed, our partner companies also had big announcements. Here’s the latest:
- Alverix was selected to present at AdvaMed 2012, the nation’s premier medical technology conference.
- NovaSom announced its first AccuSom Deliver™ partnership with SSM Center for Sleep Disorders to offer Out-of-Center Sleep Testing (OCST) throughout St. Louis beginning October 1.
- Putney was named one of the 2012 Best Places to Work in Maine, which recognizes companies that have “established and consistently fostered outstanding workplace environments.”
- Spongecell CEO Ben Kartzman explains why marketers should target audiences using tablet devices in an AdExchanger article that compiles the perspectives of a cross-section of executives.
To read more of our Week in Review series, please use the following feed: www.safeguard.com/WeekInReview. Enjoy your weekend!
