As many as 75 percent of venture-backed startups fail; the failure rate of all U.S. companies after five years is over 50 percent. We take a closer look at three Commonwealth companies that have overcome the odds, making the transition from great idea to thriving company.
The organization's goal is to lead the region to a better economic future by growing early-stage companies, helping manufacturers achieve industry leadership, and promoting a favorable business environment.
Device Events strives to make information about medical devices available to providers and patients. Their idea bested the field at this pitch competition that seeds startups working outside traditional tech hubs.
This iconic Pennsylvania institution has been taking startups from great idea to thriving company since 1983, contributing billions to the state's economy. Check out four businesses — one for each of BFTP's regional headquarters — taking advantage of its incubation and acceleration resources to thrive, whether developing next-generation pregnancy tests, fighting bedbugs or saving lives with stroke prevention.
Blight removal in Bethlehem, a redeveloped Allentown Metal Works, a master plan for the envisioned Da Vinci Science City in Easton, an expanded business incubator at Lehigh University – all these and more are moving forward thanks to new grants from the BB&T Economic Growth Fund.
Calling all budding entrepreneurs, researchers, software developers and existing small businesses in northern and central PA for this annual contest. Winners will earn cash prizes AND business development opportunities.
Ben Franklin Technology Partners of Southeastern Pennsylvania and its partners have announced a huge funding initiative to support regional tech startups working to solve social, environmental and health problems.
While each of the companies serves different markets and are in various stages of development, they all took an important step towards turning a good idea into a business reality by applying for Ben Franklin funding.