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SEVENTYSIX CAPITAL PARTNERS WITH MICROSOFT, SCIENCE CENTER AND WEXFORD TO BRING
MICROSOFT INNOVATION CENTER TO PHILADELPHIA
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PHILADELPHIA - (April 4, 2016) -
A new Microsoft Innovation Center (MIC) will open to the public at uCity Square
in Philadelphia this summer. The MIC, which is the result of a partnership between
Microsoft Corp., SeventySix Capital, the University City Science Center and Wexford
Science & Technology, will be the first in the region and the third in the U.S.,
with other locations in Atlanta and Miami.

"This is an amazing win for Philadelphia! Jon Powell, our team at SeventySix Capital
and I are thrilled to see our hard work pay off to attract Microsoft, a Fortune
50 tech company, to our city."
Wayne Kimmel, Managing Partner, SeventySix Capital

The Innovation Center complements and enhances Microsoft's regional presence, which
includes an office in Malvern and a Microsoft Store at King of Prussia Mall. Currently
there are over 350 Microsoft employees in the Philadelphia metropolitan area.
Located on the ground floor of the Science Center's corporate headquarters at 3711
Market Street, the MIC will be equipped with the latest Microsoft technology. Through
a combination of programming and outreach activities, Microsoft - working closely
with its local partners the Science Center and SeventySix Capital - will seek to
spur economic development and create new opportunities for the local tech startup
community. Further, the MIC will host activities that will bring underrepresented
groups to greater awareness of and involvement with STEM activities and careers.
"This is an amazing win for Philadelphia! Jon Powell, our team (Chad Stender, Lisa
Pliskin, and Bob Birkbeck) at SeventySix Capital and I are thrilled to see our hard
work pay off to attract Microsoft, a Fortune 50 tech company, to our city." says
Wayne Kimmel, Managing Partner of SeventySix Capital. "Our shared vision with Jeff
Friedman at Microsoft to build an open and accessible venue to inspire all people
- to explore and learn about the latest technological innovations will become a
reality this summer during the DNC and beyond because of our partnership with the
Science Center. The MIC will be the legacy of the DNC and will spur future entrepreneurs
to create businesses and technologies to change the world!"
"Bringing Microsoft to Philadelphia and uCity Square is a game changer on many levels,"
says Science Center President & CEO Stephen S. Tang, Ph.D., MBA. "Not only have
we attracted a large tech company to our city, but the MIC also offers a means to
engage our neighborhood, innovation, and entrepreneurial communities and give them
access to Microsoft technology and training. It took a true partnership between
SeventySix Capital, Microsoft, Wexford and the Science Center to make this happen."
"We are thrilled to partner with SeventySix Capital, the University City Science
Center and Wexford Science & Technology, to bring technology and resources to the
great city of Philadelphia," said Jeff Friedman, Director of Modern Government in
Microsoft's State and Local Government Solutions Group. "MIC's are part of Microsoft's
broader strategy to empower developers and entrepreneurs, extending into local metro
markets to help startups grow their business with technology and services such as
cloud computing, developer tools, software and open source technologies."
The MIC will open in time for the Democratic National Convention (DNC) in July and
will serve as a hotbed of Microsoft activity during the convention, with a number
of programs and events that explore the intersection of technology and civic engagement.
After the DNC, Microsoft, the Science Center and SeventySix Capital will develop
and deliver a suite of ongoing technology and innovation focused programming that
will offer the startup, entrepreneurial, academic and neighborhood communities access
to Microsoft resources and expertise.
"Microsoft's presence in uCity Square will enhance our community of ingenuity and
become a catalyst to continue innovation and economic growth in our city," says
Joe Reagan, Vice President at Wexford Science & Technology. "With this opportunity,
Philadelphia's flourishing premiere innovation district, uCity Square, will work
in tandem with Microsoft to attract talent and companies that will bring businesses
of all sizes together to advance technology and collaboration. We're excited to
see what the future holds for uCity Square."
About SeventySix Capital [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grplsF8ks0gvH0NSQGWZSULp-pG0naH2aFVrZv2ex5yqL1fePc9kzxwgPxYEkqtdweTffe9xyogPWkGna3eBhdVdyS-aOQomy7vsjyOAxK0w8dhi_0ZCL48DZdNTfYMdyCA==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
SeventySix Capital invests in passionate, smart and nice entrepreneurs who are launching
game-changing companies in the e-commerce, retail and healthcare industries. Wayne
Kimmel founded SeventySix Capital, the Philadelphia area based venture capital fund,
in 1999. Recently, Jon Powell joined Kimmel as a Managing Partner at SeventySix
Capital. Powell is also the CEO of Kravco, a leading private real estate developer
and property management company that developed the King of Prussia Mall. SeventySix
Capital's top exits include, SeamlessWeb - acquired by ARAMARK, now public as GrubHub
(NYSE: GRUB), Take Care Health Systems - acquired by Walgreens (NYSE: WAG) and NutriSystem
(NASDAQ: NTRI) - top performing stock in the U.S. for 5 consecutive years. Intel,
IBM and Yahoo! have also acquired SeventySix Capital portfolio companies. Some of
SeventySix Capital's current portfolio companies include: Adwerx, CareCam Health
Systems, Dwolla, Indiegogo, ReverbNation, StartUp Health, and Whistle Sports. SeventySix
Capital's partners are extremely active in the entrepreneurial and non-profit communities
around the world. For more information on SeventySix Capital, please visit seventysixcapital.com
or at @76capital on Twitter.
About the Science Center [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grjtyFZwt56oXEjq0r1jTnh3_w8pJtuUjzjM_FzBsrVCKa_cvqwj6hLYi6C7-DbVICojF97Z5agsJb_wMhFJC0sr-0WMW5VKasDF-pw78x32A81CJ8KxaeRM6cdb62mpLqQ==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
The University City Science Center is a dynamic hub for innovation, and entrepreneurship
and technology development in the Greater Philadelphia region. It provides business
incubation, programming, lab and office facilities, and support services for entrepreneurs,
start-ups, and growing and established companies. Since it was founded in 1963,
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. The Science Center is leveraging its history as the nation's oldest and
largest urban research park as it joins forces with Wexford Science + Technology,
a BioMed Realty company, to expand its footprint and rebrand its physical campus
as uCity Square - a true mixed-use community of ingenuity. For more information
about the Science Center, go to ucscreview.org.
About Microsoft [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grjtyFZwt56oXwbtVhQcirnS_DIHlvd2WvyrYGG9rnl4UyvIiin_L-8JcnmbC_ms-OIUDXpvXk0VHyt6SGAdZhqN7P0eUH3BadykhzT-9EKSL7O-zLLquKvqMP87k6Zf1E7iAU7wR2gB9TlxPBUBaT3o=&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and productivity company
for the mobile-first, cloud-first world, and its mission is to empower every person
and every organization on the planet to achieve more.
About Wexford Science & Technology [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grjtyFZwt56oXVyPTcpQKwYIqfSoE5xFGo-WWle6O2cgN_JOBkMeo7X5VM919oHy3Sk5ckdtz-4n_BBtUk7BawNyzC4jiEZYC8xOLVXCVseXJ7YgJnrZ7MVrbzMYDvfC3pw==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
Wexford Science & Technology, a subsidiary of BioMed Realty, is a real estate investment
and development company specializing in facilities for for-profit and not-for-profit
institutions, especially universities, university-related research parks and healthcare
systems. Wexford brings a unique approach of collaborating with clients to build
knowledge communities which are vibrant, mixed-use, amenity-rich environments that
foster innovation.
About uCity Square [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grjtyFZwt56oXK1T2nXuWV79IbfDIdj3Nw7Tovn1bN3F9bci6xy2IHnc57S35RkmoIs2MLIMeF1WxVr5VxQOcXhRdFyuoY3y4DbRavVC07DXLYEXXpWrbJvU=&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
Powered by the University City Science Center and Wexford Science + Technology,
uCity Square will be the center of Philadelphia's economic growth in University
City by creating a dynamic environment for innovation and collaboration between
the private sector and top-tier research institutions such as University of Pennsylvania
and Drexel University.
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SeventySix Capital [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grplsF8ks0gvH0NSQGWZSULp-pG0naH2aFVrZv2ex5yqL1fePc9kzxwgPxYEkqtdweTffe9xyogPWkGna3eBhdVdyS-aOQomy7vsjyOAxK0w8dhi_0ZCL48DZdNTfYMdyCA==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
Since 1999, Wayne Kimmel [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grjblIm_ujBGE-na3WBMf-RKQwEboyIiQFwQqs_axDdGT_OBXETMW01rWDhq65k7da0bC5EaEwJ6v50yoqy3pZkAV1RJ6mG5NtlXn0ee8-9gMXTVFAyiQ5S007VmJ4w5zGQ==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==]
and his team have backed passionate, smart and nice entrepreneurs of game-changing
startup companies in the e-commerce, retail and healthcare industries.
Jon Powell, CEO of Kravco, has joined Kimmel as a Managing Partner of SeventySix
Capital. Kravco is a leading private real estate developer and property management
company that developed the King of Prussia Mall.
SeventySix Capital's top exits include:

1. SeamlessWeb - acquired by ARAMARK now public as GrubHub (NYSE: GRUB)
2. Take Care Health Systems - acquired by Walgreens (NYSE: WAG)
3. NutriSystem (NASDAQ: NTRI) - top performing stock in the U.S. for 5 consecutive
years.
Intel, IBM and Yahoo! have also acquired SeventySix Capital's portfolio companies.
Some of SeventySix Capital's current portfolio companies include: AdWerx [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grpwTewEd1Z6dwQUd8nr4UxzzMggU2BQuFIqPzFvx6wmX3w-pa8_QknOghZnIezr_TV-2dpvdbRXQQQeqxVYn5QTogJU9IqIPXg_p-70SESQfK9GaciqVet4=&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==],
CareCam Health Systems [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5groCUiXefyX_8GPu7Fdx2ZmaJiivrpBKEsh5AAmYIWYyRheOcZ_FJMDmbjE9pEEA3YISbfURV7jCaiBzs0iAECIPesMpe9Ghc4M1XiEqLvxOrbUPQnGdWVNIpemLOildjTtXg34U0G8iY&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==],
Dwolla [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grsLAiA2zCaCp2CMmtaIWAbwoC0Vt-5Rix1-PuDB44zJVjpXWHlAbLAtQg78WMeUYc-kGsB2ns7pbA1adgJDQvAMrhAiH69oF14h6bxIyAmYXfJ_bzJP9UMY=&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==],
Indiegogo [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grqXfKSxvJHxl9-xeT1acbGHkIxBzBbWeTNY0ckRkvK3767iCEUdFHCRIydPlCkciVMw0B4KeuuPHghMxlPhU-9SBYpt5hnMX9FiI0KDdUDhVGVa3XL_WvUUmlNorrEDhyA==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==],
ReverbNation [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grsLAiA2zCaCpg1NlerfNCgQqA-p0wxDhzhGNPCfHdkm3CEL6CneC5zYqZqbpHe-75g8Hv3Dm8n9FSB_Gdtnux0f_efr1SD4pvRepX8PgcGBwX5ZDZi6scdU=&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==],
StartUp Health [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grjblIm_ujBGEwCLXfomHFRQZb3mPauCHDiYIYwzAKh8UgzIT9va2RE9Eo9ZsTi3HsPDn4wvQyn1MUGPVQSMWomJ_ZvmIzD6ykBkB1pUuQYXGM8HlyUR87EcYj3Ji-QUGTA==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==],
and Whistle Sports [http://r20.rs6.net/tn.jsp?f=001w2kf-jGcdGgaxrt9iHAmQEIx3cqmPB-D59mUD4v9aznc0nyC2U5grkHbjViKO3wHWcgA9kAPl2L7tgo8C1bzv7PgXzerUNW0AJuo4Pcj24r9eM-ZOp_DfQ0afAtawv_V7dhjOYnC3iOkVQetDTcIczb4m593ekpkOG0c25--RUnVWES-opwWCA==&c=_PNNiXzt5uhj3GTWkn9fzFeoI6p5uAXHQ665JgH69Qai7MiLCxZ0cw==&ch=afF6EU5qRfNvKKE3YaECMFJgAikodk_HUoINZcogPuKMbVwHzMIlXw==].
SeventySix Capital's partners are extremely active in the entrepreneurial and non-profit
communities around the world.
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