Philly ranked No. 25 best startup ecosystem
Philadelphia moved up two spots from last year’s No. 27 ranking on the annual Global Startup Ecosystem Report from trade association and research group Startup Genome and the Global Entrepreneurship Network.
According to the report, Philadelphia offers diverse and skilled talent, collaboration between stakeholders and support for local businesses, all of which are attractive to startups.
➡️ Read more about why Philly moved up and what it has to do to stay there
Remembering PA inventor Alan Waggoner
Longtime Carnegie Mellon University professor Alan Waggoner died at 82 this May, but he leaves behind an impressive legacy. Specifically, Waggoner invented CyDye, which helped revolutionize fluorescence microscopy.
CyDye, along with other fluorescent dyes, led to major advancements in biomedical research and health care. Surgeons have used them to remove cancerous tumors and scientists used them to help complete the Human Genome Project.
➡️ Read more about Waggoner’s career and his lasting impact
News Incubator: What else to know today
• The National Institute of Standards and Technology launched the Assessing Risks and Impacts of AI initiative in May to test Large Language Model applications. [Techncial.ly]
• RunPod, a South Jersey-based startup founded by former Comcast employees raised $20 million in seed funding. The company offers software to create AI applications. [Philly Biz Journal]
• The Pennsylvania Biotechnology Center is hosting its 10th annual Entrepreneur Spotlight on July 18. The event will hold a pitch competition where the winning company will get a $250,000 investment. [PABC]
• The National Skills Coalition released a short report about digital skills, finding that 90% of jobs in Pennsylvania require digital skills. This information is from the org’s 2023 Closing the Digital Skill Divide report. [National Skills Coalition]
