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Bailey McCann, Opalesque New York:

A new Philadelphia-based fund is making investments in women-run companies. Judee von Seldeneck, Founder and Chair of Diversified Search Group, a woman-founded executive search firm has created the JVS Philadelphia Fund for Women, a multi-million-dollar partnership with Ben Franklin Technology Partners of Southeastern PA (Ben Franklin). Ben Franklin Technology Partners is Pennsylvania's state-backed investment firm focused on early-stage companies.

The fund will make a combination of grant-based investments and venture style investments in women-run companies. The grant process will be overseen directly by von Seldeneck and the investments will use Ben Franklin's criteria for investing in early-stage companies.

JVS Philadelphia Fund for Women has also assembled a corporate partners network of companies committed to offering their services to the funded companies.

According to a piece in the Philadelphia Inquirer, von Seldeneck has committed $2 million of her own money to the fund. She will not be taking an ownership stake in the companies that receive money through the fund. Von Seldeneck noted in the piece that the grants and investments made through the new fund will be for companies that need help going to the next level and aren't for brand new startups that have yet to prove a busine......................

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