Early-stage health IT startups in Philly are getting one more door to knock on for seed capital: a new $6 million investment fund focused exclusively on local startups, backed by public-private venture firm Ben Franklin Technology Partners, Independence Health Group (the parent company of Independence Blue Cross) and venture firm Safeguard Scientifics.
The official announcement will happen this afternoon during Philly Startup Leaders’ Founder Factory conference. But, for now, you should know each company will kick in $2 million to the fund, which plans to dole out its funds over the coming four years.
