New Member: StartupLewisburg, the Bucknell University Entrepreneurs Incubator
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) has expanded its incubator network once again. Already among the largest incubator networks in the U.S., the addition of StartupLewisburg, the Bucknell University Entrepreneurs Incubator, makes the network 15 members strong.
StartupLewisburg is Bucknell University’s home for innovators and entrepreneurs in downtown Lewisburg. Member early-stage companies have access to the in-house consulting services of the Bucknell Small Business Development Center (SBDC), and opportunities to collaborate with partners throughout both the Bucknell community and BFTP/NEP, as well as broadband internet service.
StartupLewisburg member firm Play Impossible recently won BFTP/NEP’s annual Venture Idol, announced a $1 million investment round, and was showcased at the 2017 Consumer Electronics Show as one of only four firms nationwide in Indiegogo’s new equity crowdfunding program. StartupLewisburg is managed by Dennis Hummer, a consultant with the Bucknell SBDC, who holds a Business Incubator Manager Certificate through the International Business Innovation Association (InBIA).
The incubator network is an important element in BFTP/NEP’s strategy for developing the technology infrastructure in its 21-county northeastern Pennsylvania region. Ben Franklin staff meet with incubator network managers annually to exchange ideas and information, work collaboratively, and provide guidelines and training that are in accordance with InBIA standards.
Business incubation provides vital support to entrepreneurs and early-stage firms at their most vulnerable times and is often pivotal to their survival and prosperity. With 33 years owning and managing its own incubator, BFTP/NEP was one of the pioneers of business incubation in the nation. Ben Franklin’s experience in business incubation has been recognized with its Ben Franklin TechVentures® winning the InBIA Incubator of the Year Award on two occasions.
The reduced operating costs of starting a company in a business incubator are typically what initially draw early-stage companies to an incubator facility. But the business development assistance and sharing of best practices among tenants are often even more important. BFTP/NEP owns and manages both Ben Franklin TechVentures and the Bloomsburg Regional Technology Center. Members of the Ben Franklin Business Incubator Network are:
1. AEDC Bridgeworks Enterprise Center, Allentown
2. Ben Franklin TechVentures®, Bethlehem
3. The Bloomsburg Regional Technology Center, Bloomsburg
4. Carbondale Technology Transfer Center, Carbondale
5. East Stroudsburg University Innovation Center, East Stroudsburg
6. The Enterprise Center, Sayre
7. The Greater Hazleton CAN BE, West Hazleton
8. The Innovation Center @ Wilkes-Barre, Wilkes-Barre
9. Jump Start Incubator, Reading
10. Allan P. Kirby Enterprise Center at Wilkes University, Wilkes-Barre
11. Pottsville/Schuylkill Technology Incubator, Pottsville
12. The Scranton Enterprise Center, Scranton
13. StartupLewisburg, Lewisburg
14. The Stourbridge Incubator, Honesdale
15. The TekRidge Center, Jessup