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Welcoming Center For New Pennsylvanians

Location

Philadelphia, PA

Project Name

The Global Startup Accelerator (GSA)

Program

i6

Award Amount

Federal Share

Non-Federal Share

$500,000.00

$500,000.00

With the EDA investment, the Welcoming Center for New Pennsylvanians, in partnership with the University City Science Center will launch the Global Startup Accelerator (“GSA”) to foster the global innovation ecosystem in Philadelphia. Startups in the Greater Philadelphia region face challenges in establishing strategies that will enable them to effectively scale into global markets. GSA will leverage the knowledge of successful entrepreneurs in the region to help early stage technology startups as they plan for future market expansions. Five years after the grant, the anticipated impacts include 240 direct new jobs, $6 million in foreign investments and $12 million in follow on investments.

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