EPAM Systems, Inc., a global provider of digital platform engineering and software development services, is new to Ben Franklin Technology Partners blockchainannounced that it would be the leading investor for the Global Opportunity Philly Fund (GO Philly Fund), which is an effective regional venture fund. The company focused on seed and early-stage technology companies.
Under the agreement, the EPAM will provide the first $ 15 million closing and join the Limited Business Partner Advisory Committee of the GO Philly Fund.
The Fund to be Made in EPAM
The fund will invest between $ 50,000 and $ 500,000 after Ben Franklin's due diligence and is expected to invest up to $ 3 million.
With this investment, the EPAM hopes to increase the company's exposure to the regional start-up community, as well as to create opportunities to connect with the company's experts and the company's diverse customer base, with emerging thought leaders. The pioneering status of the EPAM will enable the fund portfolio to reach more than 300 customers, 170 partners and more than 50 universities and research institutions across the globe.
Uştur It has always been in the business of helping businesses and software manufacturers become and remain leaders in their respective sectors. Our new initiatives with Ben Franklin enable us to combine thought leaders and future devastators at the beginning of their travels, to see the future and to work together to achieve this. "
EPAM, headquartered in Newtown, PA, employs more than 650 consulting and technology specialists in the Greater Pennsylvania area, and its global presence includes more than 30,000 employees in more than 25 countries and many Delivery Centers, Innovation Studios and Laboratories.
The EPAM is pleased to support the promising start-up community, which provides access to Philadelphia's top talent and built-in incubator and accelerator networks but is insufficient in venture capital financing.
Uz We hope that our participation in the GO Philly Fund will be a global model that we can repeat in order to participate more effectively in the start-up economy of innovation, in addition to creating more opportunities for our employees and our hybrid teams. Our goal to help our customers become more competitive can only be achieved through direct association between experts and innovators: from beginners and business leaders to universities and leading research institutions. "
Source: Cryptoninjas