Social Enterprise Partnership wins $1M in Bloomberg Mayors Challenge - Technical.ly Philly

Civic

Mar. 13, 2013 9:33 am

Social Enterprise Partnership wins $1M in Bloomberg Mayors Challenge

The Philadelphia Social Enterprise Partnership, an effort from the city, GoodCompany Group and Wharton to incubate startups that will focus on solving urban problems, is one of five winners for $1 million from the Bloomberg Philanthropies.
Updated with more details about the program. (3/13/13, 11:28 a.m.)

Thanks to a $1 million award, the Philadelphia Social Enterprise Partnership, an incubator for socially-minded startups, is going to become a reality.

Philadelphia is one of five winners of Bloomberg Philanthropies’ Mayors Challenge, according to a release. It was named one of 20 finalists last fall, out of more than 300 submissions (and called among the most interesting this month). Among the five winners, Philadelphia’s proposal is the only one to focus on entrepreneurs.

The city will work with the Wharton Social Impact Initiative and social entrepreneurship accelerator GoodCompany Group on the project.

The Philadelphia Social Enterprise Partnership will be run by the Mayor’s Office of New Urban Mechanics and expects to have its first class of social entrepreneurs by the first quarter of 2014, Mayor Michael Nutter said on a conference call this morning.

It’s yet another one of Nutter’s public-private initiatives (see: Freedom Rings Partnership/KEYSPOT, the Mayor’s Office of New Urban Mechanics, StartUp PHL). Nutter explained it this way: the program will allow the city to benefit from the private sector’s “outside view” and also allow the city to “get out of the way” and not hinder innovation.

Advertisement

Along with PSEP, projects from four other cities won money, including Chicago, Houston, Providence, R.I., and Santa Monica, Calif.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Live streaming and in-app gifting helped Meet Group beat its 2018 revenue goals

Impact startups and nonprofits: AWeber has $20,000 up for grabs

Today is the last day to register to vote in Pa.

SPONSORED

Philly

Pitch to speak at Comcast Labs Connect’s data security conference

Blue Bell, PA

Pinnacle 21

Scrum Master

Apply Now
Chesterbrook, PA

Deacom

Consulting Services Specialist

Apply Now
Philadelphia

Technical.ly Match

Sr. Front End Engineer

Apply Now

This accelerator for startups focused on ‘financial resilience’ is coming to Philly

NeedsList closes $570K seed round, will move out of Philly

For World Emoji Day, Emojibator launched a video campaign

SPONSORED

Philly

How teamwork is setting the standard for data standardization at Pinnacle 21

Philadelphia/Remote

Technical.ly Match

Sr. Ruby Engineer

Apply Now
Philadelphia, PA

Linode

Software Engineer – Python

Apply Now
Philadelphia, PA

Linode

Software Engineer – Integrations

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!