PIDC, Philadelphia’s public-private economic development corporation and partner with the City of Philadelphia in the StartupPHL initiative, today announced  Ben Franklin Technology Partners (Ben Franklin), a leading seed stage capital provider for the region’s technology sector, will be the new investment fund manager for StartupPHL Seed Fund II. With a target of $5 million and a focus on seed and early-stage technology ventures, the investment fund brings needed capital to Philadelphia startups.