Much has been written about how to create and sustain an entrepreneurial ecosystem. It’s interesting to see the ways that local governments get involved in this process. The City of Philadelphia has one method that is helping – through its StartupPHL program. The “Fund Your Ideas” part of this program provides up to $500,000 over a 3-year period to groups, companies or individuals who are helping to boost Philadelphia’s entrepreneurial potential.
I was the recipient of a recent award in this category with a program to create a regional university-based business plan competition. We’re looking forward to providing a great platform for university students across the Philly region to showcase locally (and to the world!) what they are developing.
Along the way, we’ll be adding to another piece of the entrepreneurial ecosystem pie.