Category Archives:
Ben Franklin News

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  1. LVstartup Cites BFTP Clients

    LVEDC’s September 2019 LVstartup includes news about Ben Franklin clients/alumni CryoConcepts, LifeAire, OraSure, Polytek, Skillion, and TRuCapSol.

  2. Ben Franklin Clients Present to PA House Committees

    Three Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) clients presented on their companies and the support they received from BFTP/NEP to more than a dozen members of the Pennsylvania House Majority and Minority Policy Committees and the PA House Appropriations Committee. The event was held on Thursday, September 5 and was cohosted by Representative Continue Reading…

  3. Congressional Start-Up Day at TechVentures

    Shahri Naghshineh, Co-Founder and President of Ben Franklin TechVentures-based LBN, Inc., a  producer of novel surface preparation products, met with Megan Beste, District Director for Congresswoman Susan Wild, at Ben Franklin TechVentures. In recognition of Congressional Start-Up Day on August 21, Beste met with Ben Franklin Technology Partners clients to address questions about federal services Continue Reading…

  4. New Brookings Institution Report: PA falling behind other states on innovation

    Pennsylvania could be missing out on job and economic growth as it falls behind other states in fostering investments in innovation, according to a new, independent report by the Brookings Institution’s Metropolitan Policy Program. The study looked at spending by state and local governments, as well as businesses and universities, on research and development and Continue Reading…

  5. New Brookings Report: Examining Innovation Efforts by Competitor States and National Leaders

    The commonwealth has historically been an innovation leader, and Pennsylvania retains a stable of effective, scalable innovation assets. This includes a robust university system that generates significant R&D, as well as a set of capable technology-based economic development programs that operate across the state. However, in recent years, Pennsylvania’s innovation economy has gone flat, and Continue Reading…

  6. Brookings Institution Report: PA falling behind other states on innovation

    Pennsylvania could be missing out on job and economic growth as it falls behind other states in fostering investments in innovation, according to a recent independent report from the Brookings Institution’s Metropolitan Policy Program. The report looked at spending by state and local governments, as well as businesses and universities, on research and development and Continue Reading…

  7. Ben Franklin Appoints Anthony Durante as Manager, Entrepreneurial Support

    The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) has announced the appointment of Anthony Durante as Manager of Entrepreneurial Support. In this role, Durante will manage Ben Franklin TechVentures, Ben Franklin’s award-winning, 129,000-square-foot business technology incubator. As Manager of Entrepreneurial Support, Durante will direct and develop new TechVentures incubator programs and policies that provide Continue Reading…

  8. W-B Connect Launches Business Parks Portal

    The Greater Wilkes-Barre Chamber of Commerce through Wilkes-Barre Connect announced its new parks portal, www.theparksportal.com.The portal will serve as a one-stop shop for tenants located in business parks, and BFTP/NEP is a partner in the effort. Hanover Industrial Park, which includes Ben Franklin clients American Paper Bag and Mt. Everetts Frozen Creations, is the first Continue Reading…

  1. Lehigh Valley Bounces Back From Big Steel’s Departure

    Forbes feature about Lehigh Valley economic renaissance by Jim Vinoski cites Ben Franklin start-up/client OraSure Technologies and manufacturer clients Crayola, Just Born, Inc., C. F. Martin & Co., and Victaulic: https://bit.ly/2Y5lBNv

  2. Ben Franklin to Invest $392,200 in the Regional Economy

    Investments in 3 Early-Stage Firms and 7 Established Manufacturers The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors has approved the investment of $392,200 in support of regional economic development. Clients are early-stage, technology-based firms and established manufacturers in BFTP/NEP’s 21-county service area. Investments are identified as continuation projects indicate that the Continue Reading…

  3. PA Budget Does Not Restore BFTP Funding

    BFTP’s state appropriation did not change — $3.5 million for BFTP/NEP — which is the amount it has been getting for the most part since 2007-08. “We need to restore Pennsylvania’s funding to Ben Franklin if we want to maintain our competitive edge in an increasingly high-tech world,” BFTP/NEP CEO Chad Paul said. “We need Continue Reading…

  4. Bethlehem Startups Receive $120,000 Investment from Ben Franklin

    “Investing in promising early-stage firms and established manufacturers is central to our mission of creating and retaining highly paid, sustainable Pennsylvania jobs.”  Via LVEDC’s The Lehigh Valley Insider: https://bit.ly/2L26u0v

  5. Ben Franklin to Invest $488,400 in the Regional Economy

    Investments in 5 Early-Stage Firms and 7 Established Manufacturers The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors has approved the investment of $488,400 in support of regional economic development. Clients are early-stage, technology-based firms and established manufacturers in BFTP/NEP’s 21-county service area. Investments are identified as continuation projects indicate that the Continue Reading…

  6. Why Ben Franklin is fighting for more state funding

    The early-stage capital provider now receives half the state backing it did a decade ago. That’s a problem for the Pennsylvania start-ups it supports. Via Technical.ly Philly: https://bit.ly/2Mvw4gy

  7. Ben Franklin Promotes Wayne Barz to Chief Investment Officer

    The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) has announced the promotion of Wayne K. Barz to Chief Investment Officer. Barz has served as Ben Franklin’s Manager of Entrepreneurial Services since 2000, having overseen the expansion of Ben Franklin’s incubator facilities from 18,000 square feet to 129,000 square feet. In his new role as Continue Reading…

  8. PA Reinvesting VC Returns

    Activate Ventures, located in Ben Franklin TechVentures, received $2.5 million in funding being released by the New PA Venture Capital Investment Program. The money is coming from the returns from previous investments made by the state-backed program. Glenn Bressner, managing partner of Activate Ventures, said the fund focuses on early-stage firms like Ben Franklin clients. Continue Reading…