Software Development

Profit and conscious with new South Philadelphia incubator

All the startups they take in will be for-profit and looking to make a difference or two.

Good Company Ventures will be a social enterprise incubator (Courtesy screenshot)

 

They’re going to incubate profitable good works.

That’s much the angle of GoodCompany Ventures, which opened its Philadelphia Naval Yard Business Center offices with a ribbon-cutting ceremony highlighted by appearances from Mayor Michael Nutter and Chuck Lacy, a former president of Ben & Jerry’s Ice Cream, yesterday.
All the startups they take in will be for-profit and looking to make a difference or two.
Yesterday, the incubator was also welcoming its inaugural 2009 class of “social entrepreneurs,” including the following: Cyrus-XP, which focuses on advancing the management and delivery of healthcare; CalendarFly, a single source scheduling solution for families (for a test drive, use “student for username and password), and VolunteerBIG.com, a philanthropic social network that was gunning for grant money earlier this year.
GoodCompany aims to provide guidance and support to those for-profit startups that want to tackle large, unmet social needs. Like others, the incubator will offer those accepted training, mentoring, administrative and other pro-bono services. The new effort is co-founded by Resources for Human Development, a social finance firm and Murex Investments, an equity fund backed by leading financial institutions — both of which are based (barely) in Tioga — in addition to other business support.
At yesterday’s event, Lacy, the former Ben & Jerry’s president who is now president of the Vermont-based social capital firm Barred Rock Fund, addressed the attendees, as did Stephen Goodman, a partner at law firm Morgan Lewis, according to a press release from the incubator.
GoodCompany is sponsored by the Philadelphia Industrial Development Corporation, the Center City love child of the city and the Greater Philadelphia Chamber of Commerce that promotes economic developing in town, Trellist Marketing, the Wilmington, Del. Web marketer and the Wharton School of Business.

Companies: Trellist / GoodCompany Ventures / Chamber of Commerce for Greater Philadelphia / Morgan Lewis / Murex Investments / Philadelphia Industrial Development Corporation
34% to our goal! $25,000

Before you go...

To keep our site paywall-free, we’re launching a campaign to raise $25,000 by the end of the year. We believe information about entrepreneurs and tech should be accessible to everyone and your support helps make that happen, because journalism costs money.

Can we count on you? Your contribution to the Technical.ly Journalism Fund is tax-deductible.

Donate Today
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Congress votes to reauthorize the EDA, marking a historic bipartisan effort to invest in innovation and job creation

Looking for a job? This strategy turns NotebookLM into your personal hiring coach

How Comcast selects startups for its competitive LIFT Labs accelerators

New $18M Penn project will use AI to develop RNA treatments like the COVID vaccines

Technically Media