Entrepreneurs and Innovation
A Top-Tier Startup Hub Supercharged by Investment and Innovation
Named the #1 emerging startup ecosystem in the U.S., Greater Philadelphia is one of the best places in the world to start a business. Our region’s investment landscape is soaring higher than ever before, with nearly $8 billion in venture capital (VC) raised in 2021 alone. These VC deals fuel Greater Philadelphia companies that push the envelope in sectors ranging from biotechnology and drug development to internet, software, and e-commerce. Greater Philadelphia is the birthplace of groundbreaking ideas and successful $1B+ unicorns like Spark Therapeutics, Gopuff, Misfits Market, dbt Labs, and Phenom. Numerous incubators, accelerators, and industry groups provide a well-connected support network for new startups in the region. For every kind of startup or small business, Select Greater Philadelphia (Select) offers a suite of services to help entrepreneurs launch, grow, and thrive in our ecosystem.
Top: Central Green is a 5-acre, award-winning park in the heart of the Corporate Center in Navy Yard Philadelphia. The Navy Yard has 170 employers in the industries of retail, industrial, R&D, and institutional. Photo courtesy of PIDC. Below slideshow images courtesy of, in part: M. Edlow for GPTMC; Greater Wilmington CVB; and R. Rabena for VISIT PHILADELPHIA®.
News
Five Organizations Partner to Design New Biotech Training Program to Connect Philadelphians With Quality Jobs in the Region’s Rapidly Growing Life Sciences Sector
Partners in Greater Philadelphia’s life sciences ecosystem are collaborating to create a new workforce development training model to connect biotech jobs with a wider range of Philadelphians, including residents from disadvantaged communities. In a field [...]
The Chamber’s FY23 Pennsylvania Budget Summary Includes Grants to Support Select Greater Philadelphia’s Business Attraction Efforts
This session in Harrisburg, the Chamber of Commerce for Greater Philadelphia (the Chamber) successfully advocated for a cut in the Corporate Net Income Tax rate, additional funding for schools, economic development funding for business attraction, [...]
Surge in Life Sciences Investment in Region Continues: 2021 Total Exceeded $12 Billion
The life sciences sector in Greater Philadelphia benefited from robust investment in 2021. The 11-county area of Southeastern Pennsylvania, northern Delaware and southern New Jersey combined saw more than $12 billion invested, according to biopharma [...]