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

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

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

Trending

EDA officials are ‘hopeful’ Tech Hubs program will live on under Trump

AI is being used in more and more of the hiring process, especially at high-volume companies

How a laid-off AI enthusiast pivoted to become a founder — while holding down a day job

From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game

Technically Media