Waterfront Lab Coworking Space Opens in Camden in Converted Bank Building


Esther Surden
Publisher & Editor, NJTechWeekly.com



Waterfront Lab is in a converted bank building.
 Photo Credit: Courtesy Waterfront Lab



Startups looking for coworking options in the Camden area have a new choice: Waterfront Lab, located in the converted National State Bank Building, at 121 Market Street. Waterfront Lab hopes to fill the gap created when the New Jersey Economic Development Authority sold the building that had housed Camden CoLab.

Speaking at the UP Conference at Camden’s Waterfront Technology Center in January, James Haley of City Invincible noted that his company, a merger of four urban- and architectural-design firms, had chosen to move to Camden to be part of the revitalization effort there. “One of our foundational principals is that we consider ourselves to be designers of communities first,” he said. The firm bought the abandoned bank building for $1.1 million.


The first floor at Waterfront Lab |
Courtesy Waterfront Lab



“We see the reemergence of Camden as a tremendously positive situation, and we want to be on the ground floor of that revitalization effort,” he said. Haley presented a stunning redesign that will comfortably and efficiently service clients. It will also announce the firm’s “presence as a regional design player on this side of the Delaware.”

Haley said that part of the redesign is the Waterfront Lab coworking facility, which will take up approximately 3,000 square feet on the second floor of the converted bank building and will share common areas. There will be “plenty of room for startups who will be displaced with the revitalization and others who want to move to Camden and start anew.”

Available workspaces will include private offices, as well as open and dedicated desks. Waterfront Lab will be offering flexible plans featuring virtual mailboxes, community facilities and drop-in memberships. Amenities such as a conference room, lounge area, kitchen, snacks, and unlimited coffee will be available to members and event participants.

Waterfront Lab conference room
Photo Credit: Coutesy Waterfront Lab

As of now, Waterfront Lab’s members consist of established startups; small business professionals; nonprofits; government contractors; remote workers; and freelancers from various industries, such as marketing, interior design, media and publishing, transportation, and more.

“We’re very excited to be a part of movement here at the Camden Waterfront,” said Melissa Le, office manager of Waterfront Lab, in a press release. “There is a tremendous amount of opportunity here.” Le added that she could see the Camden area becoming a thriving hub for tech startups.

               Waterfront Lab kitchen |
               Courtesy Waterfront Lab



Supporting the events and programs of Waterfront Lab is Waterfront Ventures, a Camden-based nonprofit organization promoting fun, innovation, and connections to attract businesses into the area.

“Waterfront Lab is more than just a coworking space, it’s a community development center, a think tank, and a brave step forward,” said Khai Tran, founder and CEO of Waterfront Ventures. “We, Waterfront Ventures, will be hosting programs and events at the Waterfront Lab, including our Lighthouse Mentorship and Entrepreneur 101 Program.”

There will be a ribbon cutting at the new facility on April 3, with government officials and other interested parties. The public is invited.




Esther Surden is Publisher and Editor of NJTechWeekly, and a contributor to Philly Tech News. This article originally appeared in NJTechWeekly, and is republished here with her permission.



3/8: Urban Outfitters CEO Says the Retail Bubble Has Burst; Customers Bank sells BankMobile for $175M




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Urban Outfitters – been there, done that, not yet got the omni-channel t-shirt (Diginomica)
Richard Hayne: "I predict within the next three years, total Urban Outfitters retail segment sales by channel will be almost equal."

Urban Outfitters CEO Says the Retail Bubble Has Burst (Bloomberg)


Customers Bank sells BankMobile for $175M (Philly Deals)

Liberty to demolish building on parcels acquired with Comcast {Philly.com)

NBC News Chief Andrew Lack Talks Megyn Kelly Hire, Vows He Won't "Be Intimidated" by Donald Trump (Hollywood Reporter)

GE Sells Water Unit in $3.4 Billion Deal to Smooth Oil Merger (Bloomberg)
GE Water is based out of Trevose.

Huntsman offered Russia ambassadorship (Politico)

AOL Chief Says Company Shopped Buyout Deals to Google, Facebook (Bloomberg)


SAP to offer its business apps on Google Cloud (Reuters)




Accenture to offer HCM as SaaS subscription on SAP’s cloud platform (CBR)

N. Virginia Landgrab Continues: Next Amazon Data Center Campus?
(Data Center Knowledge)

 Land of the giant data centers /
Jones Lang LaSalle


Dell Boomi competitor MuleSoft sets IPO terms; Valuation if priced at midpoint of $1.8 billion

Tom Paine



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MuleSoft, a competitor to Berwyn-based Dell Boomi and others in what Gartner terms integration Platform as a Service (iPASS), announced its preliminary IPO terms on Monday.

Update: MuleSoft IPO planned for 17th; ups range from $12-$14 to $14-16, giving it a potential pre-trading market cap of $2 billion.

San Francisco-based MuleSoft plans to raise $169 million by offering 13 million shares at a price range of $12 to $14. At the midpoint of the range, MuleSoft's market value would be $1.8 billion.

The company reported revenue of $57.6 million in 2014, $110.3 million in 2015, and $187.7 million in 2016 (two year compounded growth ~ 80%), with losses of $47.8 million, $65.4 million and $49.6 million, respectively.

A Dell source had indicated to me that Boomi's growth had been 50% plus over the past few years, impressive but not as high as MuleSoft's.

But most importantly, this growth reflects the increasing importance of integration technology as the cloud economy prevails, with the need to connect both Saas to SaaS and SaaS to on-premise applications growing geometrically.

I would anticipate, not based on any preexisting knowledge but just common sense, Amazon Web Services to play a more direct role in the iPaaS market in the future. That could in some ways help, or hurt, existing iPaaS market participants.

Renaissance Capital expects the offering to price next week. It would be interesting to see if there are any last minute AppDynamics-type offers from, say, major investor Salesforce, but thats unlikely.


Previous:


Dell Boomi competitor MuleSoft looking at 2017 IPO
(11/26/2016)

With iPaaS market on growth tear, Dell Boomi ups game with new release (12/7/2016)


3/7: First Round, Safeguard & CHOP invest in SF-based Velano Vascular




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ESPN Cutting Nearly $100 Million In On-Air Talent (OutKickTheCoverage)

Pivotal Claims Big Growth for Its Cloud Software Business (Fortune)
Dell Technologies still owns over 50%; Comcast used Cloud Foundry to build 900 applications in its first year of use.

Velano Vascular raises $17 million for a needle-free blood draw device (VentureBeat)
On the face of it, great idea. Though when they do multiple draws in a short time interval, they usually have to stick you some place else.

First Round Capital, Safeguard Scientifics, Children’s Hospital of Philadelphia among investors in San Francisco-based Velano. Not that it means anything, but this is about the first time I've seen First Round and Safeguard in the same deal.


House GOP healthcare plan would kill the medical device tax (MassDevice)


Old-school social networks Tagged and Hi5 bought by MeetMe for $60M (TechCrunch)

Why Dick’s Sporting Goods Is Ditching 20% of Its Suppliers (Fortune)

Verizon Exec: ‘Meaningful’ 5G Deployments to Start in 2018 (Multichannel News)



Comcast's busy day in the news: Philly accelerator; Expanded Energy marketing; Pittsburgh & Denver investments




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Seeking an Uber in Philly, Comcast will boost tech start-ups with 'accelerator' in new tower (Philly.com)

Why NBC Universal Got In on Snap’s IPO (Fortune Data Sheet)

Comcast: Our Network's Ready for 5G (Light Reading)
Well, the backhaul part anyway.

Report: Sprint “betting big on Trump,” could merge with T-Mobile or Comcast (Ars Technica)

Comcast Cable Boss Talks Regulatory Outlook, Digital Rivals, NBCUniversal Collaboration (Hollywood Reporter)


Comcast, Crius Team on ‘Turnkey' Energy Service Platform (Multichannel News)

Comcast to build out $20 million ethernet network downtown (Pittsburgh Business Times)

New media and technology center connects students with Comcast (CU Denver Today)


Comcast NBCUniversal announces Lift Labs for Entrepreneurs to Help Launch Next Generation of Startups

Multi-City Program Will Launch in Philadelphia and Include a Startup Accelerator Powered by Techstars and an Entrepreneurs’ Resource Center

PHILADELPHIA, PA
Comcast NBCUniversal announced LIFT Labs for Entrepreneurs today, a multi-city program that will focus on assisting startups with new innovations in media, entertainment and connectivity. It will be comprised of a variety of programs offered online and in person, including a startup accelerator, entrepreneurs’ resource center, and programs on how to bring their innovations to market.

LIFT stands for "Leveraging Innovation For Tomorrow" and builds on the spirit of entrepreneurship created by Comcast’s founder, Ralph Roberts, who was a pioneer in the cable industry and one of America’s great entrepreneurs. The flagship location will be called LIFT Labs PHL and will be in the new Comcast Technology Center in Philadelphia when it opens in early 2018. A second LIFT Labs for Entrepreneurs program in Atlanta will launch in 2018 with additional details, including its accelerator partner, to be announced soon.

"Comcast was a startup more than 50 years ago in the Philadelphia region, and we understand the importance of entrepreneurialism to help drive growth, innovation, and the economy," said Sam Schwartz, Chief Business Development Officer, Comcast Cable. "We are excited to work alongside and learn from some of the best entrepreneurs while offering access to our experienced innovators to help them grow their businesses and take them to the next level."

The creation of LIFT Labs for Entrepreneurs was inspired by extensive input from over 1,500 entrepreneurs across the U.S. and abroad. One of the key elements of LIFT Labs PHL will be an accelerator powered by Techstars, a worldwide entrepreneur network that supports entrepreneurs through access to mentorship and capital. Techstars accelerator companies have raised $3 billion with a portfolio market cap of $7.8 billion.

This will be Techstars’ first accelerator in Philadelphia. The accelerator details and applications will be made available January 8, 2018, and startups from around the globe are encouraged to apply by April 8, 2018.

"Techstars helps entrepreneurs succeed. Together with Comcast NBCUniversal, we believe we can be a catalyst for groundbreaking new technologies," said David Brown, co-founder and co-CEO of Techstars. "We are impressed by the 360-degree approach Comcast is taking to work with startups and are also excited to bring our global expertise in startup acceleration to Philadelphia, an innovation city we’ve been watching closely for some time."

Another important component of LIFT Labs will be the entrepreneurs’ resource center that will provide resources for startups at all stages. Resources will include mentorship from Comcast NBCUniversal innovators and third-party partners. LIFT Labs will complement many partners’ existing startup education and resources available at the national and local level.

Comcast NBCUniversal has a long history of supporting startups and helping them grow. LIFT Labs for Entrepreneurs builds on many Comcast NBCUniversal initiatives, including:

Comcast Interactive Capital launched in 1999 in Philadelphia as the company’s venture capital fund to seek, acquire, and manage investments associated with the internet.

In 2011, Comcast announced that it combined Comcast Interactive Capital, the venture capital affiliate of the company, with the Peacock Equity Fund, formerly the venture capital affiliate of NBCUniversal and General Electric, into a newly combined fund called Comcast Ventures. Comcast Ventures invests in seed through late stage businesses that represent the next generation of technologies that will change the way people live, work and interact. Initial investments by Comcast Ventures typically range from $2 million to $15 million, and it has grown to nearly 100 companies in its portfolio. As part of Comcast Ventures, the Catalyst Fund was established, an early stage investor in minority-led tech companies.

In 2016, Comcast NBCUniversal launched the Tomorrow Tour, a multi-city event series that convenes entrepreneurs and technology and innovation influencers for a day of knowledge-sharing to help cities better articulate their innovation stories. Research from this tour was used in the creation of LIFT Labs for Entrepreneurs programs.

Comcast was the first National Corporate Sponsor of Bunker Labs, an innovation accelerator for military-led businesses. The company is also the Founding Sponsor of Philadelphia’s Bunker Labs location.

Comcast NBCUniversal also supports local and national partner programs, such as Startup Grind, Dreamers // Doers, university innovation partnerships, city tech weeks, among others.

For more information on LIFT Labs for Entrepreneurs and Comcast NBCUniversal’s entrepreneurial programs, visit www.ComcastNBCULIFT.com.


Origin: http://corporate.comcast.com/news-information/news-feed/comcast-nbcuniversal-announces-lift-labs-for-entrepreneurs



3/6: Aberdeen Asset Management & Standard Life Agree to Merge; IBM, Salesforce partnering - does it mean anything?

Aberdeen Asset Management and Standard Life Agree to Merger (NY Times: DealBook)
Aberdeen Asset Management's US base is Philadelphia. Like many, looking to get larger to better compete with Vanguard.
Aberdeen reports assets under management of $374 billion.


Global merger could boost U.S. HQ in Philly
(Philly Deals)


These Are the 50 Most Promising Startups You’ve Never Heard Of (Bloomberg)
Was going to say another such list with Philly not represented, but at the bottom, AI startup Zodiac.


IBM, Salesforce Strike Global Partnership on Cloud, AI (Fortune)

Amazon’s AWS buys Thinkbox Software, maker of tools for creative professionals (TechCrunch)

Alphabet’s Lawsuit Against Uber Cements End of Uneasy Marriage (Reuters via Fortune)

What Is 5G, and When Do I Get It? (Wired)

The Rise of Digital Health at SXSW (MI7)







Philly Tech People News 3/6: Nakahara joins Comcast board; Meet the inaugural Dean of Drexel's School of Biomedical Engineering, Science and Health Systems




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Asuka Nakahara / LinkedIn


Philly-area real estate guru Nakahara joins Comcast board (Philly.com)

Comcast Accounting Chief to Retire (Multichannel News)

NBC News Names Noah Oppenheim President, Deborah Turness Moves to International Role (Hollywood Reporter)

BRIEF-MeetMe says appoints First Round Capital partner Chris Fralic to board (Reuters)

Vanguard hires German business head to drive growth in Europe (Financial News)

SAP North America has named Todd McElhatton CFO, replacing Arlen Shenkman, who becomes executive vice president for global business development and ecosystems. McElhatton came from VMware, where he headed finance for its hybrid cloud division.








SevOne Names Yash Shah Chief Technology Officer

SevOne Names Mark Thompson Chief Revenue Officer


Synchronoss names CFO (NJBiz)

Outcome Health, formerly ContextMedia snags Salesforce exec, former US CIO, Vivek Kundra (Crain's Chicago Business)

Meet the inaugural Dean of the School of Biomedical Engineering, Science and Health Systems
(Drexel Now)

ERT Appoints Industry Veteran Ellen Street to Executive Management Team


An #Iwd2017 Social Pioneer Recognition: Annie Heckenberger, Vp | Group Director, Brand Communications Strategy (Digitas Health)

TD veteran to head its corporate and specialty banking unit (Philadelphia Business Journal)









Previous:

Philly Tech People News 2/13: Siemens proposes former SAP boss Snabe as next chairman; Entercom Names McCann to Lead New Content Group

Philly Tech People News 1/19: Local guy Patterson making good at PTC ThingWorx

Philly Tech People News 12/26: RevZilla co-founder Bucci to depart; New leadership joins Ben Franklin Tech's board




Sunday highlights: Uber refunds drivers it overcharged as they join a union; Oakland, N.J., Altice Workers Vote for Union




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Uber refunds drivers it overcharged as they join a union (Philly.com)

Oakland, N.J., Altice Workers Vote for Union (Multichannel News)
Union victories in the cable industry are rare, though Comcast recently sought to fill the corporate position of Vice President-Labor Relations that was vacant for a while.

AUDIENCE PARTNERS’ ACQUISITION COULD OPEN UP CAMPAIGN MARKET FOR CONSUMER-FOCUSED FIRMS (Campaigns & Elections)
Plymouth Meeting / DC-based Audience Partners has been acquired by cable operator Altice USA.


Former Sony boss eyes partner for new home-shopping network (NY Post)

Jonathan Bush talks Trump and problems with health care tech (Axios)

"Why didn't you like the Obama administration's electronic health record incentives?"

"I think they were a terrible idea. If you look at companies like Allscripts and NextGen, they were in the toilet. They were about to go out of business, and all of a sudden, $35 billion in federal dollars are earmarked only for EHRs. It was like Cash for Clunkers."

SAP Collaboration Links Connected Cars With Corporate Travel (Pymnts)

Maersk Tests Blockchain-Based Freight Tracking (Fortune)


PACT Announces Phorum 2017 Call for Demo Pit Participants

PACT Announces Phorum 2017 Call for Demo Pit Participants

Philadelphia, February 27, 2017 – PACT, the Philadelphia Alliance for Capital and Technologies, today announced it is now accepting applications for the Phorum 2017 Demo Pit. The Demo Pit was created to allow startups to connect with C-level enterprise decision makers attending the Phorum conference and provide them with a platform to showcase their technology. The deadline to submit an application is March 24, 2017.

Phorum 2017: Digitizing the Enterprise – The Future is Now, to be held Thursday, April 27, 2017 at the SugarHouse Event Center, will feature lightning talks and panel discussions by industry analysts, technology visionaries and business executives. Phorum 2017 is looking for startup companies whose technology is addressing at least one of the following four topic areas: Connected (Mobile, Web, IoT); Aware (big data and analytics); Smart (machine learning/AI); and Trusted (privacy and security).

“The Phorum Demo Pit continues to be one of the most popular components of the conference each year,” said Allen Born, Director at Fairmount Partners and the Advisory Board Chairman of Phorum 2017. “The Demo Pit enables startup companies to showcase their technologies, pitch their value proposition and network with hundreds of decision-makers.”

Early stage companies, with a product in early commercialization, are encouraged to apply for the Demo Pit. Each company selected will receive a booth to demo their product throughout the entire conference. An esteemed panel of investor judges will pick three companies as Demo Pit Finalists, which will each receive five minutes to present on the main stage. Ultimately, one will be named Best in Show Winner.

RedOwl was selected as the Best in Show winner in 2016. Other past winners include Tesorio, SocialLadder, PeopleLinx and UXFlip.

For more information about Phorum 2017 or to reserve your ticket, please visit www.phorumphilly.com.

About Phorum
Phorum is an annual technology strategy conference that gathers the Nation’s leading minds and most innovative solutions around a single, trending topic. Hosted in Philadelphia, this intensive, one-day event includes insights from the Nation’s most authoritative experts; up-close interaction with relevant technological solutions and learnings from business leaders with first-hand experience capitalizing on what is new. For more on Phorum or to purchase tickets for Phorum 2017, visit www.phorumphilly.com.

About Philadelphia Alliance for Capital and Technologies (PACT)
PACT’s vision is to be the go-to resource for fast growing companies, and a driver of entrepreneurship and innovation in the Philadelphia region. PACT provides its members with valuable content and connections to capital, coaching, and customers that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region. www.philadelphiapact.com



Saturday Highlights: Foxconn’s broken pledges in Pennsylvania?; Tom Siebel’s IoT startup now worth $1.4 billion




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How Foxconn’s broken pledges in Pennsylvania cast doubt on Trump’s jobs plan (Washington Post)


Amazon’s $150 Million Typo Is a Lightning Rod for a Big Cloud Problem (MIT Technology Review)

Tom Siebel’s IoT startup says it's now worth $1.4 billion (Silicon Valley
Business Journal)

VCs, startups: Stop networking so much (BRADLEY TUSK, TUSK VENTURES / VentureBeat)