News + Research
Ben Franklin Technology Partners Invests in 11 Tech Companies!
July 28, 2022
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...
Jacqueline A. Hollenbach Appointed to Ben Franklin Board
July 28, 2022
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...
USSF Oral COVID Vaccine Phase 1 Testing Complete
July 21, 2022
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...
American Rescue Plan Includes Essential Funding for Pa. Small Businesses
July 20, 2022
$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...
Ben Franklin Announces 5 Investments Totaling $252,500
July 19, 2022
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...
BFTP CEO Presents at BIDA
July 14, 2022
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...
Inside Pennsylvania’s Tech Renaissance
July 13, 2022
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...
Phospholutions, Inc. Attracts Additional Capital from Global Ag Companies
July 13, 2022
Phospholutions Inc., a leader in sustainable fertilizer technology, has announced additional investment from leading global agricultural companies to support commercialization of RhizoSorb® in the US row crop market. The recent funding includes investment from Ospraie Ag Sciences (OAS), Bunge Ventures,...
State Budget Includes Investments in Innovation
July 11, 2022
The state’s 2022-23 General Fund budget provides an additional $2.5 million in funding for the Ben Franklin Technology Development Authority (BFTDA), which funds Ben Franklin Technology Partners (BFTP), a statewide economic development initiative that invests in and supports high-tech entrepreneurs...
Installation of LifeAire Systems Part of LV Airport’s Federal Grant
July 11, 2022
The installation of the transformational LifeAire Systems air purification units is part of Lehigh Valley International Airport’s $5 million federal Infrastructure Investment and Jobs Act grant. Ben Franklin client LifeAire Systems’ patented commercial air purification solutions provide a 24×7 kill/remediation that eradicates 99.99%...