SDS Optic Finds Talent, Space, Kindness, and its Chance to Make History in Greater Philadelphia

It isn’t always easy to be a medical tech company located in Central Europe, especially when it comes to finding top-of-the-line scientists with niche competencies.

 A while back, SDS Optic, a fast-growing maker of cancer diagnostics in Poland, went looking for a very specific type of scientist and the search became a long-term endeavor.

“We were not successful in months of research and executive search,” said Mateusz Sagan, Chief Business Officer of SDS Optic. To pivot, the company decided to open a […]

Preventx Finds a U.S. Business – and Cultural – Home in Greater Philadelphia

Nick Malhomme grew up in the U.K. and spent the past 16 years living in Spain and France, so he knows a thing or two about adjusting to new places. But still, he was surprised when he met his new neighbors in the Greater Philadelphia town of Wynnewood. 

“We wanted to meet people, so we invited neighbors over for a couple of drinks,” said Malhomme, the International Development Director at Preventx, a U.K.-based provider of at-home sexual health testing. “I had been getting around by walking and cycling and maneuvering […]

Reach Technology’s Journey From England Came Through an All-American Philly Tailgate

A year ago, Jonty Ward, Chief Commercial Officer of Reach Technology Group, couldn’t pinpoint Greater Philadelphia on a map – not that he should have been expected to. Ward grew up in Sheffield, England, where his growing software solutions company is based.

Now, Ward has been to a Philadelphia Eagles game – “we won” – wears a Philadelphia 76ers shirt to work, and speaks with local pride when it comes to touting the region’s economic and community […]

Greater Philadelphia Raises $2.4 Billion Across 403 VC Deals in 2023

On February 26, 2024, the Philadelphia Alliance for Capital and Technologies (PACT), in conjunction with PitchBook, released its 2023 Philadelphia Venture Report. The report covers dealmaking trends across sectors, stages, exits, and fundraising. The findings portray a resilient region that remained strong despite a nationwide slowdown in VC dealmaking in 2023, particularly in the pre-seed and seed funding stages. In 2023, Greater Philadelphia accumulated $2.4 billion in investment across 403 deals, maintaining its position among the top five most active regions nationally for venture deals. The report stated […]

PA Governor’s Economic Development Strategy Emphasizes Life Sciences Growth

Governor Josh Shapiro’s 10-year state Economic Development Strategy, which he unveiled on January 30, 2024, followed by his 2024-25 Budget Proposal, emphasizes the leading role the life sciences sector will continue to play in the Commonwealth of Pennsylvania’s future and includes investments in economic development, job creation, and innovation.

Created with the Commonwealth’s Department of Community and Economic Development, the strategy, which is available to read in full at www.PAGetsItDone.com, capitalizes on the state’s strengths. The plan specifically emphasizes five defined high-growth, high-value sectors where Pennsylvania already holds a profound competitive advantage and can expect […]

Building Momentum in Greater Philadelphia: Our 2023 Year in Review

Greater Philadelphia’s business community experienced tremendous growth in 2023 – including highlights like becoming the home of two Nobel Prize winners, bringing in more than $1.78 billion in investment funding, and receiving two federal hub designations in our 11-county region. This year’s accomplishments raised the region’s national profile and supported the local economy, helping organizations of every size and sector to succeed.

The Chamber of Commerce for Greater Philadelphia (the Chamber), through Select Greater Philadelphia (Select), has focused on telling the powerful story of our region as a global leader – in business, education, life […]

Greater Philadelphia Startup Culture Emerging as Economic Force in the Region

Will Sanderson grew up in northern New Jersey, or, as he puts it, “Philly adjacent.” He moved to the Greater Philadelphia region when his wife did a residency and medical fellowship at the University of Pennsylvania (Penn), and he was a Senior Product Manager with MachineQ, a Comcast-owned technology company focused on the Internet of Things (IoT).

Jeff Stade earned a master’s degree in urban spatial analytics at Penn and was a senior product manager at Tidelift, an open-source software company.

They were friends of friends with something in common. They wanted to start their own […]

Medaglio to Direct Chamber’s Businesses Attraction & Expansion Efforts

The Chamber of Commerce for Greater Philadelphia is pleased to announce James Medaglio as Director, Business Attraction & Expansion. In this role, Medaglio will identify, engage, and assist companies looking to locate or expand in the Greater Philadelphia region.

It’s an assignment that Medaglio understands well. He first joined the Chamber in 2018 as a research analyst, providing support to business attraction projects, and more recently, serving as the point of contact for the organization’s Health and Life Sciences Action Team (HLSAT). He is looking forward to drawing on that expertise in his new position.

Among his responsibilities will be hosting visiting […]

CEO of Comcast-IBC joint venture Quil discusses beta testing its next product and ‘hiring like crazy’

The digital health joint venture formed by Comcast Corp. and Independence Blue Cross is set to launch its second product early next year.

Article from Philadelphia Business Journal 

Philadelphia’s startup ecosystem climbs 15 spots into the top 30 worldwide, report says

Philadelphia’s startup scene is ranked amongst the best-performing in the world according to Startup Genome.

Article from Philadelphia Business Journal 

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