Philly’s Novotorium Announces New Seed Funding Program

_novotoriumPUBPhiladelphia’s Novotorium continues to support health, wellness, and nutrition startups across the Philadelphia region. We’ve covered Novotorium quite a bit over the last 18 months and their progress has been fun to watch.

The team backing the startup support organization wants to get in with companies in their wheelhouse as early as possible, sometimes backing companies as early as a business plan stage or during the development of a companies minimum viable product (MVP). More often than not, companies at that early a stage are turned away and can’t develop without funding, especially in health and wellness sectors.

Novotorium has announced a week’s worth of programming geared towards the earliest stage companies. The program runs the week of September 16-20 and at the end of the week those that participated will be part of a business plan competition on September 23rd. The competition will have a $2500 prize, but Novotorium will consider all participants for possible future investments ranging from $5,000 to $250,000.

Novotorium, Seed Funding, startups, Philly startups“Our goal with this program is to work with companies in the early stages of developing a business plan and creating the first iteration of their business. We are looking forward to helping them build out their plans and create their minimum viable products. We anticipate that we will be able to offer seed funding to several companies,” Novotorium Managing Director Stuart Segal said in a statement.

Novotorium’s Marketing and Business Director, Chuck Hall, summarized the program on their blog:

During each day of the week-long program — September 16 through 20 —  Novotorium partners will be on hand at Novotorium in Langhorne to offer classes and hold office hours on key parts of creating and launching a business — finance, law, marketing, sales, operations, lean startup, agile development, technology, health care products and markets and more. This is a completely free week of sessions, with the goal of helping entrepreneurs accepted into this program move forward with their business plans and business implementation efforts.

On Friday, September 20, business plans and business development efforts will be vetted, with approved startups slotted into presentation times for Monday, September 23. Entrepreneurs will be asked to present to a Novotorium panel that will then determine the winner of the competition. The winner will receive the top prize of $2,500 in cash and $3,000 in services at Novotorium over a 30-day period.

Companies wishing to participate in the program must apply on the Novotorium website using the ordinary application form. Applicants should note “TBD” in any part of the application that is yet to be determined. Applicants should also note “Applying for September Program” in the “What Else?” section of the application.

Interested? Hit the application link above

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Philadelphia’s Jewish Startup Accelerator Looking For 3rd Class

The Tribe 12 fellowship, a business accelerator focusing on ideas that relate to the Jewish community, is looking for it’s next class.

The fellowship is part of the Tribe 12 network which is a network of projects “that, as a whole, offer a holistic approach to engaging individuals in choosing a personally inspiring Jewish community, network, or life-style, with a particular focus on 20s and 30s. ”

The Tribe 12 Fellowship functions as a startup and business accelerator giving startups, and entrepreneurs access to mentors, seminars, grants and funding opportunities. While there is no seed fund in place for the startups selected for the class, the six month program ends with a pitch fest.

Many members of the Philly Startup Leaders, list serv were up in arms today when Danielle Selber, the Tribe 12 Fellowship coordinator, posted an application link.  Many folks felt like an accelerator put on by a Jewish organization to strengthen the Jewish community was segmenting. Of course, I did not.  Eventually many more seasoned members of the PSL spoke out in defense of the Tribe 12 Fellowship. The best comment being from Jerry Levine who said: Perhaps this is being a dead horse, but PSL is, by definition, a limited group – focused on Philadelphia (and Philadelphia-area). If it weren’t, perhaps it would just be called “Startup Leaders?”

Regardless of the PSL’s feelings about Tribe 12 it’s a great program and resource to entrepreneurs with a Jewish element in their startup or business. Most of the graduates from the 2010 and 2011 program have socially driven startups that are out to help the community at large.

Selber took a break between high horse ego beatings, on the PSL, to respond to a couple questions from nibletz, you know the info you’re dying to know.

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Philly Startup & Tech BBQ July 18th

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The Philly Startup Listserv and other leaders in the Philadelphia area startup and entrepreneurial community are holding a relaxing shindig on July 18th.

The event,being dubbed the “PSL Summer BBQ Bash” is happening from 6-8 pm on Wednesday July 18th.

The event is open to PSL members and anyone in the Philly startup and tech community.

The $25 ticket covers drink tickets, delicious food and a fun time for all. It’s a pitch free networking and fun weekday event.

With the time and being on a weekday there’s no excuse to not come and hangout with great members of the Philly tech and startup scene.

And of course Philly’s own TicketLeap is handling the ticket sales here