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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

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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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