These are the 13 winners of Philly's new grant program for underrepresented founders - Technical.ly Philly

Business

Jul. 29, 2019 1:28 pm

These are the 13 winners of Philly’s new grant program for underrepresented founders

The startups — primarily run by women and people of color — received between $5,000 and $25,000 each.
Philadelphia.

Philadelphia.

(Photo by Cory Popp)

With the aim of funding tech startups run by entrepreneurs from socially or economically disadvantaged backgrounds, the City of Philadelphia announced that it has chosen 13 companies to receive grant funding through its StartupPHL initiative.

The new initiative, The Venture Program, run by the Department of Commerce, opened applications to Philly-based tech entrepreneurs who may not have access to traditional forms of capital in April.

Last week, the program awarded grants to 13 companies totaling $170,000. The 13 grants will be disbursed to a total of 21 founders, of which 12 of are women and 17 are people of color, the City said.

“People of color, women and immigrants disproportionately have limited access to financing and capital to start and sustain a new business, and this presents a major barrier to entrepreneurship for these communities,” said Francisco Garcia, director of business development for innovation and technology at Philly’s Department of Commerce.

The StartupPHL Venture Program was developed as a result of the NorthStar Conference in October 2018, where folks expressed that access to early-stage capital was a major issue to founders of color. The Venture Program simulates capital usually raised during the “friends and family” fundraising stage, the Department of Commerce said.

The companies range in focus from retail businesses, tech and entrepreneurship education, enterprise technology for procurement, social media, construction technology, accounting, diversity and inclusion, fashion, fintech and mortgage tech, and healthcare.

  • Ask My Accountant, a website and chat support for business owners who need help staying compliant in Pennsylvania and Philadelphia ($10,000)
  • BuildLAB, Inc., a cloud-based, early design stage collaboration and project management tool for owners, architects, engineers and contractors ($15,000)
  • Capture, a service that helps families and individuals connect across generations and preserve cultural history ($10,000)
  • Crowds, Inc., a marketing platform for local business ($10,000)
  • IF Lab, a multi-use community space for the Philly’s business community ($25,000)
  • Invure, an education app to connect students with universities and companies ($5,000)
  • NeuroFlow, Inc., a behavioral health-focused tech platform ($20,000)
  • Raise the Barr, a corporate diversity inclusion training ($10,000)
  • STEM Lending, Inc, a mortgage lending startup ($10,000)
  • Stimulus, Inc., a relationship intelligence software provider ($20,000)
  • Swirl Technologies, Inc., an inclusion-focused Slack application ($10,000)
  • TYP Social Media Co, a social media management and consulting company ($15,000)
  • Wearwell, an ecommerce shop offering environmentally friendly items under a subscription model ($10,000)

A panel of nine people decided on the 13 companies out of 43 applications. The committee based the decision on an each company’s “demonstrated ability to increase the number of jobs available in the City of Philadelphia,” the City said.

Advertisement

Projects: StartUp PHL
-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Philadelphia apparently ranks 2nd in this list of best cities for STEM diversity

Tech startups: Launch Lane accelerator is now accepting apps for its inaugural cohort

Philadelphia is having its best year for VC deals since 2000

SPONSORED

Philly

How Relay is helping enterprise clients get proactive about customer engagement

Chesterbrook, PA

Deacom

Entry Level Software Developer

Apply Now

Philadelphia

The Philadelphia Inquirer

Marketing Design Coordinator

Apply Now

Philadelphia

The Philadelphia Inquirer

Sales Analyst

Apply Now

Here’s how 11 startups grew during the second LIFT Labs Accelerator

This real-time ratings app tells you ‘What’s the vibe?’ of local businesses

Nerd Street Gamers just closed a $12M series A round

SPONSORED

Philly

These hiring companies want to meet you at NET/WORK Suburbs

Philadelphia

The Philadelphia Inquirer

Digital Account Executive

Apply Now

Philadelphia OR Baltimore

Technically Media

Technical.ly Editorial Intern (Spring 2019)

Apply Now

Horsham

Penn Mutual Life Insurance Co

Product Systems Specialist

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!