Month: July 2022

Wolf Administration: $16.4 Million in Challenge Grant Funding Approved for Ben Franklin Technology Partner Projects

Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver and the Ben Franklin Technology Development Authority (BFTDA) announced today that $16.4 million in Challenge Grant funding has been approved for the Ben Franklin Technology Partners, the first increase in funding for the BFTDA in 13 years. “Pennsylvania’s history is filled with innovative individuals Continue Reading...

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Science Center’s New Startup Development Program Is Aimed At First-Gen STEM Students

The STEM Founders Fellowship will give 10 postgraduate degree candidates $50,000 and a full year of support to turn their research or idea into a business. As Philadelphia expands its reputation and capacity for the life sciences industry, it’s also folding in efforts toward accessibility. A unique program coming to the University City Science Center in the form […]

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‘Is It The Right Time To Do This?’

Omar Mencin, Ben Franklin Technology Partners’ managing director of tech, has some suggestions on whether now is the best moment to build a company — and how the investor can help. As a founder or entrepreneur, when you concentrate hard on the headlines, you’re bound to get a headache. Even amidst the seemingly strange news […]

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Ben Franklin Technology Partners Invests in 11 Tech Companies!     

Creating Jobs and Helping Grow the PA Economy! Eleven companies located in central and northern PA recently received an investment from Ben Franklin Technology Partners that will allow them to further develop and commercialize new products and/or software applications or stabilize operations in a long-standing manufacturing business. The Ben Franklin program has been investing in...

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Jacqueline A. Hollenbach Appointed to Ben Franklin Board 

The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP_NEPA) has announced the appointment of Jacqueline A. Hollenbach, Vice President, Research and Development – Vascular, Teleflex, Inc., to its board of directors. Teleflex, headquartered in Wayne, PA, is a global provider of medical technologies that applies innovation around unmet clinical needs to improve people’s health and Continue Reading...

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USSF Oral COVID Vaccine Phase 1 Testing Complete

With Phase 1 testing now complete and showing positive results, Ben Franklin client US Specialty Formulations, Allentown, is moving forward with its oral COVID-19 vaccine. The company is partnering with Ben Franklin client and TechVentures resident VaxForm, Bethlehem, to bring a vaccine to market that company leaders believe will be easier to tolerate and more effective Continue Reading...

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American Rescue Plan Includes Essential Funding for Pa. Small Businesses

$142 million will go toward seed- and early-stage technology companies Pennsylvania was awarded nearly $268 million in American Rescue Plan funding through the State Small Business Credit Initiative (SSBCI), including approximately $142 million for equity and venture capital investments. The Pennsylvania Department of Community and Economic Development (DCED) will distribute the new funds to eligible Continue Reading...

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Ben Franklin Announces 5 Investments Totaling $252,500

The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP_NEPA) Board of Directors has approved the investment of $252,500 in support of regional economic development. Five companies from BFTP_NEPA’s 21-county service area received funding. Investments identified as a continuation project indicates that the client achieved pre-determined milestones and is receiving more funding to accomplish additional project Continue Reading...

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BFTP CEO Presents at BIDA

BFTP_NEPA President and CEO Angelo J. Valletta presented at the Berwick Industrial Development Association (BIDA) 60th anniversary celebration on July 12. Describing Ben Franklin’s work, Valletta cited client, OPTiMO Information Technology, Bloomsburg, which had two employees when they first received a Ben Franklin investment and now employ 100. OPTiMO is an IT consulting firm specializing Continue Reading...

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Inside Pennsylvania’s Tech Renaissance

Pennsylvania played a starring role in the industrial revolution, which explains why so many people still associate the state with its industrial roots. But the entrepreneurial spirit woven into Pennsylvania’s DNA, as well as a strategic decision in the 1980s to substantially invest in tech-based economic development, has given way to a thriving tech scene that rivals Continue Reading...

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