VGI Philly is the only independent, nonpartisan, non-profit video game studio incubator in the U.S. VGI is dedicated to accelerating the growth of video game studios located in the Greater Philadelphia region.

VGI will solicit, evaluate, and select participating regional video game “member” studios with the vision, drive, experience, and greatest potential for growth to participating in our program.


VGI News

 

Press Release: Angel Education Program Shines Spotlight on Videogame Industry

PHILADELPHIA–(October 13, 2011) – The videogame industry represents $4.9 billion in value added to the U.S. GDP and employs 32,000 US workers, according to the Entertainment Software Association. As home to two of the country’s most respected game development programs at the University of Pennsylvania and Drexel University, Philadelphia creates a highly educated workforce with specialized game development skills. The unique combination of creative and technology culture in the Greater Philadelphia region offers a fertile environment for video game studios.

The University City Science Center’s new Angel Education program will shine a spotlight on the videogame sector when it launches October 19, 2011. Angel Education is designed to educate angel investors on emerging technology industries, opening the door for more investments in these growing companies and industries – thus benefiting entrepreneurs in those sectors. In addition to investors, the audience will include videogame development entrepreneurs who will share their experiences.

Sponsored by the Citizens Bank Foundation, Angel Education is part of the Science Center’s new Quorum initiative, which is designed to unite the region’s entrepreneurship and innovation communities through a central gathering space on the Science Center campus and related programs.

“Connecting entrepreneurs and investors is a sweet spot for Quorum, and Angel Education is one more tool to help bridge that gap,” says Science Center President & CEO Stephen S. Tang, PhD., MBA. “Ultimately, Angel Education is intended to facilitate interactions between startup companies and funding sources, helping entrepreneurs to strengthen their businesses and enabling them to create jobs as they grow their companies. We’ve been delighted to work with the entrepreneurs of the Videogame Growth Initiative to put this first program together.”

The Oct. 19 program will be held in the Quorum Conference Room at the Science Center at 3711 Market Street, Suite 800, Philadelphia. Online registration is available at: http://sciencecenter.cal.basecampbusiness.com/node/49232

Agenda:
2:00 p.m. Registration
2:15 p.m. Welcoming remarks
2:20 p.m. Industry Overview – Christian Genetski, Senior VP/General Counsel, Entertainment Software Association
2:45 p.m. Business Models in the Gaming Industry – Overview, Panel Discussion and Q&A
Mike Worth, COO, Play Eternal – Digital Downloadable Content , Damon Alberts, President/CEO, Burst Online Entertainment – Free-to-Play, AJ Russo, Creative Director, AMI Entertainment Network – Non-traditional Methods, Chris DiFonzo, Founder/CEO, Open Desks, Inc. – Moderator
4:15 p.m. Presentation – Bob Greene, Contour Venture Partners – “What I’ve Invested In, Why I Did It, and Why I’ll Do it Again”
5:00 p.m. Networking reception

About The Science Center
The University City Science Center accelerates technology commercialization, regional economic development, and the market availability of life-enhancing scientific breakthroughs by bringing together innovations, scientists, entrepreneurs, funding, laboratory facilities, and business services. Established in 1963 and headquartered in Philadelphia, PA, the Science Center was the first, and remains the largest, urban research park in the United States. Graduate organizations and current residents of the University City Science Center’s Port business incubators have created more than 15,000 jobs that remain in the Greater Philadelphia region today and contribute more than $9 billion to the regional economy annually. For more information: www.sciencecenter.org.

About Quorum
Quorum is a strategic initiative of the University City Science Center that is designed to unite the region’s entrepreneurship and innovation communities through a central gathering space and related programs that enable idea generators to meet, share and learn, promoting the success of companies, individuals and the Philadelphia region.

printable version of press release available (PDF)

Video Game Development Tax Credit Enters PA Senate

VGI Philadelphia and the office of Senator Daylin Leach are proud to announce that the first step towards a Pennsylvania state video game tax credit has occurred. Senator Daylin Leach has entered a bill into the Pennsylvania Senate offering a 25% tax credit for video game development costs. After 12 months of working with interested city and state officials, Pennsylvania now has an avenue to reach out to major publishers and compete with other video game “hub cities.”  VGI Philadelphia thanks Senator Leach for his commitment to growing this exciting industry.

However, this is only the first step. Several senators have already lent their support to the bill but we need as much solidarity as possible behind it. There are several ways that you as a Pennsylvania resident, or individual who wants to see the video game industry in Pennsylvania grow, can help.

How you can help
Please forward this content and web link (http://bit.ly/PA_SB700) to as many industry professionals and media contacts as possible. The more this information is shared, the more momentum it will gain.

Second, and perhaps more importantly, communicate this bill to your state senators and representatives. The more state senators and representatives know about, and support, this bill, the more momentum it will have. As a PA resident, or a person who wants to move back to PA, you need to contact your state senator and your state representative, informing them of this bill and asking them to support it. Here’s how you do it:

  1. Look up your senator and your representative for your county. You can find them both at this website: http://www.legis.state.pa.us/cfdocs/legis/home/findyourlegislator/
  2. Go to your senator’s and representative’s websites, and click on CONTACT US. Send them an email detailing the name of the bill, the senator who introduced it (Senator Daylin Leach), and asking your legislators to stand behind and sign this bill to grow jobs in PA. For your convenience, here is a sample email that you can copy and paste into your correspondence:

Good morning, [Name of Legislator],

My name is [Insert Name], and I wanted to inform you of a new bill that has been recently introduced into the Pennsylvania Senate by Senator Daylin Leach. This bill, marked Senate Bill 700, is a bill designed to grow the professional video game development industry in Pennsylvania. This industry, which has seen double digit growth, year over year, and is expected to triple from 44 billion dollars to 144 billion dollars in the next 3 years, employs computer programmers, graphic artists, engineers, lawyers, and businessmen. Our state of Pennsylvania regularly sends college graduates out of state to other video game “hub cities,” where they are offered salaries of approximately $80,000 per year. This has amounted to over 500 jobs and 40 million dollars in taxable revenue lost to Pennsylvania in the past 8 years. Many of these individuals would like to stay and work in PA, but we need to grow the existing studios here to enable that to happen.

Senate Bill 700 creates a tax credit similar to that of Georgia and Michigan. When Georgia initiated their tax credit in 2007, they grew from 70 full time employees in the video game industry to over 2,000 in just 18 months. I would like to see similar growth in Pennsylvania.

Please consider signing and supporting this bill, and communicating with Daylin Leach’s office for further steps. This bill will encourage some of the largest video game publishers in the world to set up offices in PA which will grow our state’s economy, revenue, and create dozens of new jobs in an exciting field.

Thank you,
[Insert Name]

Thank you all for your support in this endeavor, VGI Philadelphia is excited about this initiative and to watch it grow a great industry in a great state!

 

VGI Philadephia and the office of Senator Daylin Leach are proud to announce that the first step towards a Pennsylvania state video game tax credit has occurred. Senator Daylin Leach has entered a bill into the Pennsylvania Senate offering a 25% tax credit for video game development costs. After 12 months of working with interested city and state officials, Pennsylvania now has an avenue to reach out to major publishers and compete with other video game “hub cities.”  VGI Philadelphia thanks Senator Leach for his commitment to growing this exciting industry.

However, this is only the first step. Several senators have already lent their support to the bill but we need as much solidarity as possible behind it. There are several ways that you as a Pennsylvania resident, or individual who wants to see the video game industry in Pennsylvania grow, can help.

How you can help

Please forward this content and web link to as many industry professionals and media contacts as possible. The more this information is shared, the more momentum it will gain.

Second, and perhaps more importantly, communicate this bill to your state senators and representatives. The more state senators and representatives know about, and support, this bill, the more momentum it will have. As a PA resident, or a person who wants to move back to PA, you need to contact your state senator and your state representative, informing them of this bill and asking them to support it. Here’s how you do it:

1. Look up your senator and your representative for your county. You can find them both at this website: http://www.legis.state.pa.us/cfdocs/legis/home/findyourlegislator/

2. Go to your senator’s and representative’s websites, and click on CONTACT US.

Send them an email detailing the name of the bill, the senator who introduced it (Senator Daylin Leach), and asking your legislators to stand behind and sign this bill to grow jobs in PA. For your convenience, here is a sample email that you can copy and paste into your correspondence:

 

Good morning, [Name of Legislator],

 

My name is [Insert Name], and I wanted to inform you of a new bill that has been recently introduced into the Pennsylvania Senate by Senator Daylin Leach. This bill, marked Senate Bill 700, is a bill designed to grow the professional video game development industry in Pennsylvania. This industry, which has seen double digit growth, year over year, and is expected to triple from 44 billion dollars to 144 billion dollars in the next 3 years, employs computer programmers, graphic artists, engineers, lawyers, and businessmen. Our state of Pennsylvania regularly sends college graduates out of state to other video game “hub cities,” where they are offered salaries of approximately $80,000 per year. This has amounted to over 500 jobs and 40 million dollars in taxable revenue lost to Pennsylvania in the past 8 years. Many of these individuals would like to stay and work in PA, but we need to grow the existing studios here to enable that to happen.

 

Senate Bill 700 creates a tax credit similar to that of Georgia and Michigan. When Georgia initiated their tax credit in 2007, they grew from 70 full time employees in the video game industry to over 2,000 in just 18 months. I would like to see similar growth in Pennsylvania.

 

Please consider signing and supporting this bill, and communicating with Daylin Leach’s office for further steps. This bill will encourage some of the largest video game publishers in the world to set up offices in PA which will grow our state’s economy, revenue, and create dozens of new jobs in an exciting field.

 

Thank you,

[Insert Name]

Thank you all for your support in this endeavor, VGI Philadelphia is excited about this initiative and to watch it grow a great industry in a great state!


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