What is BFTP?
The award-winning Ben Franklin Technology Partners is one of the nation’s longest-running technology-based economic development programs. For more than 30 years, BFTP has provided both early-stage and established companies with funding, business and technical expertise and access to a network of innovative, expert resources.
Our goal: To accelerate technology development and commercialization in the state of Pennsylvania, and to create high-paying, sustainable jobs for Pennsylvanians.
This pioneering organization has been embraced by every Pennsylvania governor and the PA General Assembly since its inception in 1983. BFTP is positioned strategically throughout the state with regional headquarters in the Lehigh Valley, Philadelphia, Pittsburgh and State College.
A National Leader In Technology-Based Economic Development
- Winner: Excellence in Tech-Based Economic Development (International Economic Development Council)
- Winner: Excellence in Technology-Led Economic Development (U.S. Department of Commerce/Economic Development Administration)
- Top 100 Venture Capital Firms: Ranked in top 10 in the nation (Entrepreneur Magazine)
A Catalyst for Growth
We serve as catalysts for economic growth by providing access to capital, business expertise and a network of resources that foster innovation, growth and success for both startup companies and established businesses.
A Record of Success
Launched with high hopes in 1983, BFTP is proud of the 3.5-to-1 return on investment that the organization has yielded for every state dollar invested. More important, BFTP is honored to have played a role in supporting the thousands of entrepreneurs who have claimed their part of the American dream and in turn created tens of thousands of family-sustaining jobs.
A Visionary Program
The high-tech world changes almost daily. Pennsylvania now competes for technology-based economic development opportunities with regions around the world. For more than a quarter century, BFTP has continually evolved its programs and services to respond to economic and market changes. As we look ahead to the next quarter-century, we will continue to adapt to the changing marketplace, with an emphasis on:
- Accelerating technology commercialization
- Supporting start-ups, entrepreneurs, and established manufacturers
- Driving public and private investment
The Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.