Two Centers, One Global Vision
Global Startup Accelerator
We value the international exchange of ideas and integrated global communities. Immigrants enhance the regional workforce, create new businesses, and open doors to global markets.
A runway to global markets for startups in Greater Philadelphia
Welcoming Center and the University City Science Center have been awarded $500,000 in funding from the U.S. Department of Commerce: in the 3-year grant, the U.S. Economic Development Administration’s Regional Innovation Strategies i6 program is funding the launch of the Global Startup Accelerator (GSA) to foster the global innovation ecosystem in Philadelphia. By pooling their respective resources for the GSA, the two organizations will contribute to build a more globally connected and competitive Greater Philadelphia.
Global markets in your backyard
The GSA will tap into Greater Philadelphia’s business community and leverage the knowledge of Philadelphia’s vast population of immigrant entrepreneurs. Our immigrant network can offer its experience in international markets as an important learning tool for those looking to expand their startups into the global market.
Solutions created by international companies are global in scale and scope
Immigrants are often best positions to advise on overseas markets. Philadelphia has one of the largest and fastest growing immigrant population among its peers. According to the latest Pew State of the City Report, 15% of Philadelphia residents are foreign born. In addition, a study by the New American Economy found that immigrants in the Philadelphia region are 43% more likely to be entrepreneurs than native-born residents.
Who will benefit as a result of this grant?
The GSA will help local early-stage life sciences and information technology startups as they plan for future expansions in foreign markets. It will start with two regions: one focused on entry into the European marketplace and another focused on entry into the Indian marketplace.