BFTP/SEP Committed $950,000 to Five Early-Stage Companies
Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) recently approved investments totaling $950,000 to five early-stage Pennsylvania companies with novel technology innovations. This diverse group of newly funded companies boosts social media revolution, strides in energy conservation and more.
“We congratulate these five excellent companies for their vision and tenacity in pursuit of growth in difficult economic times,” says RoseAnn B. Rosenthal, president & CEO of Ben Franklin Technology Partners of Southeastern Pennsylvania.
BuLogics develops innovative, energy-saving technology products by engineering wireless control systems for energy conservation, lighting and security. BuLogics received a $150,000 investment.
CogniPower, which received a $200,000 investment, has developed an improved way to monitor current in the high-speed, high-current environment that is found in switched-mode power converters, and will use its technology to build better power products.
Innova Materials creates technology that aids in sanitation, water purification and solar energy with an ultimate goal of promoting sustainability. Innova uses its advanced materials technology called Innlay to easily give surfaces new qualities, including being antimicrobial. They were awarded $225,000.
ListenLogic developed technology that tracks tweets, blogs, news and forums, which tells clients what others are saying about their products, company, customer service, competition and more. ListenLogic received $250,000.
Snipi has created an online social media platform that is poised to become the way that people collect, organize, share and collaborate on their interests, including online retail. Snipi’s tools, which include browser toolbars and an iPhone application, allow users to easily capture products, photos, videos and other content off any web page, and share it via sites like Facebook and Twitter. Snipi received $125,000.
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