Who are the ben franklin technology partners?

More Than

30 years

EXPERIENCE

For more than 30 years, BFTP as served as a catalyst for economic growth by providing access to the capital, knowledge and networks that foster innovation, growth and success for both early-stage firms and established manufacturers throughout Pennsylvania.

With four regional headquarters and six satellite offices positioned strategically throughout the state, Ben Franklin Technology Partners builds on regional strengths, capitalizes on new opportunities and addresses the specific needs of diverse communities. Our impact, through the advances and successes of our client companies, reaches throughout Pennsylvania and beyond—as evidenced by alumni companies that have expanded into international operations, revolutionized entire industries, tackled global health issues and changed the way businesses operate and people communicate.

OUR GOAL IS TO ACCELERATE TECHNOLOGY DEVELOPMENT AND COMMERCIALIZATION AND TO CREATE HIGH-PAYING, SUSTAINABLE PENNSYLVANIA JOBS.
BETWEEN 1989-2011, BFTP HAS GENERATED...
$23.5 BILLION
to Boost to the PA economy
51,000
jobs in client firms
89,000 Additional jobs
beyond our client firms
$358 MILLION Tax Receipts
additional received by the Commonwealth

Impact data in this report is taken from “Achievement in Uncertain Times: The Economic Impact of Ben Franklin Technology Partners, 2007-2011,” a report by the Pennsylvania Economy League and KLIOS Consulting, published in 2013.

REGIONAL FOCUS.

STATEWIDE STRENGTH.

GLOBAL
IMPACT 20 15

BEN FRANKLIN RIGOROUSLY MEASURES AND QUANTIFIES ITS IMPACT ANNUALLY.
  • 1195
    JOBS CREATED BY CLIENT COMPANIES
  • 268
    NEW PRODUCTS AND PROCESSES
    LAUNCHED BY CLIENT COMPANIES
  • 943
    JOBS RETAINED BY CLIENT COMPANIES
  • 48
    NEW COMPANIES FORMED

    Companies Formed

    • AcousticSheep, LLC
    • AgeCheq, Inc.
    • Airnest, LTD
    • ApexDrop Influence Marketing
    • ArgentumCidalElectrics, Inc.
    • Atoptix, Inc
    • Better Bowls, LLC
    • BioMagnetic Solutions, LLC
    • Conduit Technology
    • Data Inventions, Inc.
    • Direct Allergy, LLC
    • EcoIslands, LLC
    • HalenHardy, LLC
    • Hatchback, Inc.
    • KCF Technologies, Inc.
    • MedStatix
    • RendrFX, Inc.
    • Return Logic, Inc.
    • Rivendell Technologies, LLC
    • TechHiring, Inc.
    • VideoMining Corporation
    • CDC Software, LLC
    • ChannelApe
    • Four Hound Solutions, LLC
    • MindMe, Inc.
    • PayrollCRM, LLC
    • Strivr, Inc.
    • WellSeal Corporation
    • Bazooka Jane, Inc.
    • Clarabyte Solutions, LLC
    • Diversame, Inc.
    • Easely, Inc.
    • FlagTag, Inc.
    • Heritage Biorobotics, LLC
    • Interphase Materials
    • Next Gauge
    • Profile Passer, Inc.
    • Thread, LLC
    • ViaHero, LLC
    • whoYu, Inc.
    • Advent Therapeutics, Inc.
    • Mitochon Pharmaceuticals, Inc.
    • Photosonix Medical, Inc.
    • PrescribeWell, Inc.
    • RistCall, LLC
    • S4 Worldwide, LLC
    • Sweet Note Bakery, Inc.
    • TowerView Health, Inc.
  • $ 520110862
    POST-BEN FRANKLIN FINANCING
    SECURED BY CLIENT COMPANIES
  • 127
    PATENTS AND SOFTWARE COPYRIGHTS
    AWARDED TO CLIENT COMPANIES
  • 1274
    COMPANIES ASSISTED BY BEN FRANKLIN
  • 463252833
    SALES REVENUES GENERATED
    BY CLIENT COMPANIES

5

Year

RETURN ON INVESTMENT

2007

2011

BFTPpartnered with the Pennsylvania Economy League and KLIOS Consulting — both nonpartisan research organizations — to conduct an independent, objective evaluation of the economic impact of the program from 2007 to 2011. The report focused on BFTP’s role in providing financing and related services to early-stage and established technology firms in Pennsylvania.

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3.6 TO1

Ratio of return on investment to the Commonwealth in additional tax revenues on its $137.7 million in investment in BFTP

7485

New jobs created

12715

Additional jobs created in Pennsylvania beyond those in client firms

$66 BILLION

Amount by which BFTP boosted the Pennsylvania economy

$502 MILLION

Amount of additional state tax revenues (directly enabled by BFTP) received by the Commonwealth

36 %

Jobs created by BFTP are in industries that pay average annual salaries 36% higher than the average salary in PA

CAPITAL

Ben Franklin provides critical seed and risk capital to start and grow innovative firms throughout the Commonwealth. Thanks to a rigorous vetting process, a BFTP investment is respected as a key endorsement for our client companies. This enables companies to attract the follow-on investment they need to move beyond start-up and into full-fledged commercialization, or to secure the necessary partners and resources to move products into the marketplace.

Ben Franklin also invests in established manufacturers, helping them innovate to remain competitive in the global economy. The result is the strengthening of Pennsylvania manufacturers and the creation of the technology manufacturing jobs of the future.

BFTP invests in a number of seed- and early-stage PA venture funds, working closely with venture capitalists, angel groups and other sources of public and private investment to help our portfolio companies secure the capital they need to grow their businesses. BFTP’s disciplined investment approach accelerates economic growth and enhances the resilience of the state’s economy-boosting businesses and programs that spur innovation and commercialization. By prudently investing scarce public resources, BFTP nurtures and supports Pennsylvania’s most promising technology enterprises.

Venture Capital Fund Support Innovation Works Seed-Stage Network Penn Venture Partners AWE Ventures

KNOWLEDGE

Ben Franklin knows from experience that early-stage technology firms and established manufacturers have many needs beyond funding. Our multidisciplinary team of professionals provides client companies with real-world expertise in product development, marketing, fundraising, accounting, operations, human resources and more.

Each of our four regional partner offices couples its finacial commitment with access to a wide range of mentoring and business and technology development services – through both the BFTP staff and our established network of partners — to chart a clear growth path for our clients. We also build regional technology commercialization partnerships to bring products to market faster.

We invest our time — providing the state’s brightest technical minds with access to the business, marketing and financial acumen needed to take their company from concept to commercialization. BFTP support includes help with business plan preparation, investor presentations, market channel strategies and other elements that are critical for success.

Ben Franklin Solutions Network Transformations Business Services Network Executive in Residence Success Teams

NETWORKS

Ben Franklin seeds and fosters valuable business and technology networks that bring ideas and operational talent together to grow new businesses in Pennsylvania. These networks are often the early elements of regional clusters that spawn new companies and improve the region’s and state’s capacity for innovation.

Network members include:

  • Entrepreneurs
  • Angel investors and venture capitalists
  • Business incubators and university- based Centers of Excellence
  • based Centers of Excellence assistance and economic development organizations
  • University, corporate and federal research labs
  • BFTP alumni companies
  • Corporations
  • Government
TechVentures and Business Incubator Network TechCelerator Incubator Network FabNet Rapid Prototyping Resources Innovation Works Seed-Stage Network
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