A new $6.5 million startup accelerator program in Philadelphia, Pa., was announced by the Mayor's office on Oct. 26. Called “Startup PHL,” the program will provide funding for innovative new ideas and new businesses in the early stages of formation in order to promote economic growth in the city.
“Philadelphia is increasingly home to a dynamic, innovative startup and entrepreneurial community who are putting this city on the map as the place to be if you’re an entrepreneur,” said Mayor Michael A. Nutter. “The goal of Startup PHL is to build upon and support so much of the good work that is already being done, building more businesses, creating more jobs, and expanding entrepreneurial opportunities to even more Philadelphians.”
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