Wolf Administration Highlights Ongoing Investments in Pennsylvania’s Advanced Technology Start-Up Companies at Locomation Event in Pittsburgh
May 23, 2022
Pittsburgh, PA – Today, Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver and Deputy Secretary of Technology and Innovation Steve D’Ettorre highlighted the Wolf Administration’s investments in Pennsylvania’s advanced technology start-up companies during an event at Locomation, an autonomous trucking company in Pittsburgh. “It’s critical to invest in start-up companies like Locomation, […]
Wolf Administration Announces $2.5 Million in Funding for Western PA Start-Up Tech Companies
April 28, 2022
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver and the Ben Franklin Technology Development Authority (BFTDA) announced that $2.5 million has been awarded on behalf of 3 Points Rising Ventures Equity I, LP, a Pittsburgh-based fund that will target investments of up to $2 million in up to […]
Harrisburg, PA – Department of Community and Economic Development (DCED) Secretary Dennis Davin and the Ben Franklin Technology Development Authority (BFTDA) announced today that $1 million has been awarded on behalf of BTVC Fund I, LP, a Pittsburgh-based fund that will target investments of $500,000 to $2 million in up to six early-stage technology companies […]
Wolf Administration Announces $3 Million in Funding for Investments in Start-Up Companies
October 28, 2021
Harrisburg, PA – Department of Community and Economic Development (DCED) Secretary Dennis Davin today announced the approval of $3 million in funding through the Ben Franklin Technology Development Authority (BFTDA) to Hatch BioFund GP, LLC and Rittenhouse GP III, LLC to fund early-stage technology companies in southeastern Pennsylvania. “Today’s investments are critical as we continue […]
Wolf Administration: $14 Million in Challenge Grant Funding Approved for Ben Franklin Technology Partner Projects
July 23, 2021
Harrisburg, PA – Department of Community and Economic Development (DCED) Secretary Dennis Davin and the Ben Franklin Technology Development Authority (BFTDA) announced today that $14 million in Challenge grant funding has been approved for the Ben Franklin Technology Partners. “Our longstanding relationship with the “Bens,” as we at DCED call them, has provided for critical […]
Wolf Administration Announces Up to $5 Million in Funding for Investments in Start-Up Companies
April 22, 2021
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Secretary Dennis Davin and the Ben Franklin Technology Development Authority (BFTDA) announced that up to $5 million has been approved for three venture capital firms to invest in start-up companies in Pennsylvania. “It is critical that we invest in start-up companies now for the […]
Wolf Administration Announces Funding for Tech Investments, Minority Business Development in Western Pennsylvania
January 28, 2021
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Secretary Dennis Davin and the Ben Franklin Technology Development Authority (BFTDA) announced that $2.5 million has been awarded on behalf of Magarac Ventures, LP, a Pittsburgh-based fund, which is being established to identify and ultimately invest in 15 to 20 early-stage technology companies with […]
Wolf Administration Announces Funding for Tech Investments in Southeastern Pennsylvania
October 22, 2020
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Secretary Dennis Davin and the Ben Franklin Technology Development Authority (BFTDA) announced that $1 million has been awarded to the Global Opportunity Philadelphia Fund to invest in early stage technology companies in the Greater Philadelphia region. The Global Opportunity Philadelphia Fund was formed by […]
Deputy Secretary Collins Continues ‘Jobs That Pay’ Tour at WorkXpress, Discusses Governor Wolf’s Commitment to Growing Technology in Pennsylvania
July 11, 2017
Harrisburg, PA – Today, Department of Community and Economic Development (DCED) Deputy Secretary Sheri Collins continued the ‘Jobs that Pay’ tour at WorkXpress, a web solutions provider, highlighting Governor Tom Wolf’s commitment to promoting an entrepreneurial business environment, advancing technological innovation, and creating a technology-ready workforce in Pennsylvania. “As a successful entrepreneur himself, Governor Wolf […]
Technology-Driven Economic Development Pennsylvania has long been a leader in technology-driven economic development strategies. We know that technology, innovation, and entrepreneurship often go together, and we have worked hard to create an environment and business climate that supports startup companies. What sets Pennsylvania apart from many of our competitors around the United States and internationally […]