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Client & Alumni News

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  1. Stourbridge Project Wins PEDA Award

    The PA Economic Development Association (PEDA) chose Wayne County’s Stourbridge Project as one of just three initiatives across the Commonwealth to receive a 2018 Economic Development Award. Stourbridge, a member of the Ben Franklin Business Incubator Network, was selected as the 2018 Economic Development Project of the Year. More: https://bit.ly/2NqutE2

  2. RADIUS® Partners with Exclusive Distributor in Vietnam

    RADIUS has entered into the Vietnamese market with a newly selected exclusive distributor – Natulife Co. Ltd. The Vietnamese market continues to grow and show interest in the organic and natural products industry, in products such as RADIUS’ USDA Organic Children’s Coconut Banana Toothpaste. Via Digital Journal: https://bit.ly/2NYlL5b

  3. Brushed for Success: Radius Achieving Business Goals

    In Kutztown, the toothbrushes manufactured by Radius Corp. under the leadership of CEO and President Saskia Foley are unique in their composition and shape compared with most store-bought brushes. That’s because Radius’ toothbrushes are ergonomically built, meaning they more easily fit a user’s hand, and designs are available for both right- and left-handed users. The Continue Reading…

  4. Hexcel’s Acousti-cap Technology Reduces Aircraft Noise in NASA-Boeing Flight Test

    Hexcel‘s latest Acousti-Cap broadband sound-reducing honeycomb technology was recently tested in a joint NASA-Boeing flight test on a B737 MAX test platform. It enables engine designers to reduce the noise from takeoffs and landings without adding significant weight to the aircraft. Via EPPM:  https://bit.ly/2M5FhqK

  5. B.Braun to Add 300,000-square-foot Expansion

    B. Braun anticipates breaking ground with a second production facility to be built alongside its current one in Hanover Township, Lehigh County, next spring. The development will boost B. Braun’s total area employment to close to Mack Trucks (2,400 workers) and Sands Casino Resort Bethlehem (2,500 employees). Via Morning Call:  https://bit.ly/2QbPZim

  6. Blaschak Coal Receives $1M Grant for Mine Development/Reclamation

    Governor Tom Wolf announced a $1 million state grant for a mine development project for Blaschak Coal Corporation to reengineer, reopen, and redevelop a large reserve of Mammoth coal in the Mount Carmel region of Columbia County. The development will employ 25 to 30 UMWA miners and is the largest new mine development project in Continue Reading…

  7. Radius Toothbrush Company Expanding Into Historic Silk Mill

    There are 21 historic places getting tax credit funding from the state for historic revitalization. An historic brick building in Kutztown, a former silk factory, goes back 120 years and will soon be home to BFTP client Radius Toothbrush. The project will bring 14 new jobs with room for many more as the company ups its Continue Reading…

  8. US Specialty Formulations Growing in TechVentures

    Producer of Sterile Injectable Pharmaceuticals for Custom-Manufactured Drugs Millions of Americans require specialized and custom-manufactured drugs, and the current infrastructure is insufficient to support the required therapies. In the past, and still sometimes today, these custom-manufactured drugs are produced in pharmacies and other facilities that are inconsistent and less regulated. As a US Food and Drug Continue Reading…

  1. Freshpet Plans Lehigh Valley Expansion That Could Add Up to 200 Jobs

    Specialty pet food maker Freshpet Inc. has announced a $100 million investment for a 90,000-square-foot addition to its manufacturing plant and purchase of equipment. The expansion has the potential add up to 200 regional jobs. Via Morning Call: https://bit.ly/2OV53k8

  2. Drone Pilot Service Awarded $100,000 Investment

    BFTP Client ConnexiCore provides commercial drone flight services to clients across the U.S. for applications ranging from architecture to agriculture and other industries. It also serves as a consultant on artificial intelligence, asset management software, and unmanned aerial systems operations. Via Pocono Record: https://bit.ly/2mQVcil

  3. Rocket Cloud – Improves Margins by 10-15%

    Rocket Cloud – New Ben Franklin TechVentures Resident Company  Technology That Improves Legacy Wholesalers’ Margins by 10-15% Many mid-tier wholesalers in the building materials supply industry still rely primarily on phone sales and obsolete inventory management technology and practices to distribute products to their HVAC, plumbing, and electrical contractor customers. Because of these inefficiencies and Continue Reading…

  4. Startup Focused on Home Healthcare Receives Ben Franklin Investment

    For entrepreneurs, execution is key, which is where Ben Franklin Technology Partners comes in — providing funding and mentorship for new startups. Interview of Carenade management team via WFMZ-TV69: https://bit.ly/2v7Vs0d

  5. Saladax Launches Game-Changing Assays for Psychotherapeutics in Europe

    Ben Franklin TechVentures-based Saladax Biomedical Inc., a diagnostics company providing kits to test drug blood levels for adherence and personalized dose management, will launch of a new line of tests for psychiatry in Europe (CE mark) with tests for: clozapine, quetiapine, aripiprazole, risperidone, olanzapine, and paliperidone. These are the most commonly used antipsychotic medications. The Continue Reading…

  6. PA Glassworks Has New Way to Make More Creative, Less Costly Glass

    Pennsylvania Glassworks Co., Reading, will launch this fall in Reading with support from BFTP. Founder James “JJ” Riviello, a glassmaker for more than 25 years, designed and built many of the innovative machines for the glassmaking process, using a proprietary new and more efficient method to cast glass into molds using computer technology. Via Lehigh Continue Reading…

  7. Saladax Submits its Rapid Blood Test for Determining Medication Adherence to FDA

    Saladax Biomedical Inc. submitted a De Novo classification request to the U.S. Food and Drug Administration for the MyCare Psychiatry™ Total Risperidone Assay Kit. The tests will let medical personnel identify levels of antipsychotic drugs in a patient’s body in one hour, enabling them to better assess patient adherence, which is a critical unmet need. Continue Reading…

  8. Play Impossible Lands Retail Deal with Apple, Partners with NFL Players, Raises Cash

      Play Impossible, creator of the Gameball sensor-infused smart inflatable ball that links to a smartphone app and lets people play different physical games, has announced an additional $1.25 million in new funding from existing investors Two Sigma Ventures, Hardware Club, and Ben Franklin Technology Partners. It also has a new strategic investor: OneTeam Collective, the Continue Reading…