We Need A Philadelphia Story For The Tech Age

Center City at Night

In late 2010, Technical.ly Philly had a modest proposal: A weeklong celebration of the city’s tech firms called Philly Tech Week. That first event, back in 2011, was designed to give local tech companies a national spotlight.

Eight years later, the event has succeeded beyond that mission. In a large part that’s because the region’s tech scene has grown so much in that time as well. Philadelphia is now the No. 18 city in terms of share of global venture capital investment. VC investment nearly doubled between 2010 and 2016 to $1 billion, though last year the total figure was down, mirroring a national trend.

That growth was based on a confluence of factors, including a rebounding economy, and the continued adoption of tech across pretty much every industry. But after witnessing the energy and breadth of Philadelphia’s tech scene during the most recent PTW, the question is how do we maintain this momentum?

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