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Supporting Early-Stage Technology Companies
PA DCED Deputy Secretary Sheri Collins blogs at #PAProud: We know that technology, innovation, and entrepreneurship often go together, and we have worked hard to create an environment and business climate that supports startup companies. More: http://bit.ly/2q6LTv5
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NBC News Story Focuses on Manufacturing in Lehigh Valley
NBC10 of Philadelphia visited Bethlehem for a story about the regional manufacturing sector, which is currently the top economic sector in the Lehigh Valley, generating $5.56 billion, or 15 percent, of the region’s $37 billion overall gross domestic product. BFTP client OraSure Technologies was featured. Via LVEDC and NBC10: http://bit.ly/2pwJr3P
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Puritan Products Acquired by Avantor
Global specialty chemical company Avantor Performance Materials has acquired Ben Franklin client Puritan Products Inc., a Bethlehem-based chemical blending business. Via Morning Call: http://bit.ly/2joICn4
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Ben Franklin TechVentures Graduates Two Successful Companies
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) announces the graduation of two client companies from Ben Franklin TechVentures®, the business incubator/post-incubator that it owns and manages. Orbweaver Sourcing, LLC, is relocating to a facility in downtown Bethlehem that is five times the size of its current space, and Sunbound Technology is moving to Continue Reading…
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PA Small Business Week
The Pennsylvania Department of Community and Economic Development (DCED) celebrates Small Business Week April 30-May 6 by highlighting the contributions of small businesses to our communities and economy. DCED, which supports the Ben Franklin Technology Partners, presents resources supporting current and future entrepreneurs, start-ups, and small businesses. Entrepreneurs, start-ups, and small businesses bring new ideas, Continue Reading…
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Bazzini Nuts is Oldest Nut Company in U.S.
Bazzini Nuts started in Lower Manhattan and moved to Allentown in 2011. The company produces, packages, and ships nuts — including 3 million pounds of peanuts a year. Via WFMZ -TV69 http://bit.ly/2peji6M
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First-Ever Regional Intercollegiate Entrepreneurial Competition
Inaugural competition at Ben Franklin TechVentures® on April 27 taps into college rivalries and entrepreneurial spirit. Six colleges will be competing in a pitch-off in the inaugural Lehigh Valley Collegiate Business Pitch Summit at Ben Franklin TechVentures® on Thursday evening, 6:00 – 9:00 PM, April 27, 2017. Teams from Lafayette College, Lehigh Carbon Community College, Continue Reading…
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Economic Developers Gear Up for Successful Start-ups in Business Incubators
Northeastern Pennsylvania’s incubator network has been blossoming these last few years at an accelerated pace. They are all connected through the Ben Franklin Technology Partners of Northeastern Pennsylvania. Via Times-Tribune news: http://bit.ly/2oVhcLQ
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Bio Med Sciences Mask in Fight Against Acid Attacks
Natalia was a beautiful, successful young businesswoman, until the day a complete stranger threw acid in her face. It happened in Colombia, which has more acid attacks on women, per capita, than anywhere else. There used to be no laws against it. Natalia recovered by wearing a special mask made by BFTP client Bio Med Continue Reading…
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Innovation Featured in Network Magazine
Lessons in Incubating Innovation – blog series by BFTP Manager of Entrepreneurial Services Wayne Barz, @TechonomicMan, featured on pp. 44/45 of Spring issue of Network Magazine – http://bit.ly/2nUjt5n
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Ben Franklin Creates/Retains 4,052 Jobs in 2016
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) has reported that 4,052 northeastern Pennsylvania jobs were created or retained as a result of its work in 2016, for a cumulative total of 44,799 job creations or retentions since the program’s inception in 1983. Client companies raised an additional $38 million in follow-on funding from Continue Reading…
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Cambridge-Lee: Commitment and Compassion
Andrea Funk arrived at Cambridge-Lee Industries, Reading, six years ago as chief financial officer and moved into the CEO role several years later. The company, which celebrates its 75th anniversary this year, has about 420 employees and manufactures and distributes copper tubing for various markets. Via Lehigh Valley Business: http://bit.ly/2oNpyou
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LVstartup: How to Go From Rock Bottom to Millions of Dollars
The April issue of LVstartup, a monthly e-newsletter about the Lehigh Valley entrepreneurial scene, includes news on Ben Franklin TechVentures, the latest Ben Franklin funding round, and BFTP clients and alumni. http://bit.ly/2p6jKCS
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$300K Awarded to Boost Innovation, Savings for Firms
BFTP/NEP will invest $292,260 in support of regional economic development. One of the clients in the funding round, Spray-Tek Inc., located at Ben Franklin TechVentures, is getting $25,000 in matching funds from Ben Franklin. “We help our customers transform liquids into free-flowing powders,” said Jiten Dihora, vice president of technology for Spray-Tek. “They are used Continue Reading…
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Growth of Lehigh Valley Manufacturing
The Lehigh Valley Economic Development Corporation produced a video on the growth of the Lehigh Valley manufacturing sector that includes BFTP clients/alumni OraSure Technologies, B. Braun Medical, Mack Trucks, Victaulic, and the Orbel Corporation. View: http://bit.ly/2o6SoQb
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Ben Franklin to Invest $292,260 in Regional Companies
The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors has approved the investment of $292,260 in support of regional economic development. BFTP/NEP’s goal is to help lead northeastern Pennsylvania to a better economic future by building partnerships that develop and apply technology for competitive advantage. To achieve this goal, Ben Franklin staff Continue Reading…
