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Monday, March 23, 2009

Funds start social-environmental business 'incubator'

Philadelphia-area venture investors Murex Investments and Garret Melby's Iolite Social Capital have joined with Robert Fishman's social-services contracting firm Resources for Human Development Inc. to set up GoodCompany Ventures, "a business incubator targeting entrepreneurs with innovative solutions to unmet social needs," says Murex partner Jacob Gray.

In a statement, Iolite's Melby compared the program to Xerox Parc "and other technology incubators," but with a "socially and environmentally sustainable focus." Applicants looking for advice and funding for "innovative solutions to big, unmet social needs" are directed to the Web site or email: info@GoodCompanyVentures.com
Posted by Joseph N. DiStefano @ 4:39 PM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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