Blog

“Nipping Anxiety in the Bud” is a Family Affair for a Local Mother and Son

TECHCELERATOR@STATE COLLEGE, – Judy and Kadin Karaky know a thing or two about anxiety.  “Anxiety has always been present in my life and the lives of the people I care about – even our dog gets anxious”, commented Judy Karaky, a Penn State graduate with a degree in Elementary Education.  “Over the years, I’ve tried…

Where does Pa. rank for tech-based investments?

Everyone knows a good thing when they see it. That’s why Ben Franklin Technology Partners, created more than 35 years ago with broad bipartisan support, has become one of the most widely known and emulated state technology-based economic development programs in the nation. Since its inception, Ben Franklin has invested in more than 4,500 technology-based…

Ben Franklin Grew Pa.’s Economy by $4.1 Billion, Created 11,407 Jobs from 2012 to 2016: Challenges remain because of state funding shortfalls

STATE COLLEGE, Pa. (Jan. 9, 2019) — With a focus on startups and innovation, Ben Franklin Technology Partners (BFTP) remains a powerful job creation and high-tech economic development engine for Pennsylvania, according to the latest independent economic analysis of the organization. But state funding shortfalls are starting to curtail the partners’ ability to fund companies…

WHAT IF AN OUNCE OF PREVENTION IS THE CURE?

State College, PA – Our schools are charged with creating safe environments where students learn, thrive, and grow into the adults who will ultimately be our next leaders, employees, educators, and parents. But, we’ve all seen the statistics. Nearly one in three schoolchildren in the United States has been bullied in some way by the…

LARGE MULTI-NATIONAL CORPORATION PUTS A “NEW SPIN” ON A SMALL LOCAL MANUFACTURER

ERIE, PA – More than 15 years ago, a Penn State Erie faculty member, Tom Briselden and his team at Spin-Works LLC, developed an innovative, silicon-carbide radiant tube insert called a SpyroCor.  The twisted “Y” design produced non-turbulent, high convection flow creating a high rate of uniform heat transfer.  At the time, there were more…

INVESTMENT DECISIONS IN STARTUPS ARE BEST MADE WITH YOUR HEAD – NOT YOUR HEART

Investing in a friends’ startup can be risky business -especially for seniors. A recent article in a Philly paper, relayed the story of how in 2013 a father, who was then 82, and his daughter lost nearly a quarter of a million dollars investing in a startup run by a friend whose expertise was in…

Central PA has all the Resources, Assets, and Talent Necessary to Support Emerging World-Class Startups.

For the past fifteen years, I’ve had the privilege of leading the largest early-stage investor group in the region, Ben Franklin Technology Partners. Our particular Center covers a 32-county footprint in the Commonwealth that naturally includes Central Pennsylvania. During my tenure as President and CEO, I’ve had the opportunity to meet first-hand hundreds of tech-entrepreneurs…

How Much Would You Spend To Be Able to Sell Your Products in the Largest Mall in the World?

This one mall sells more than Target, Walmart, Staples and Sears combined. Their growth in 2016 was ten times higher than the next eight largest retailers combined. Every second, shoppers spend more than $140,000 buying a vast array of products that range from clothing to household goods to car parts – new and used! By…

WE CAN HELP YOU GET FROM STARTUP TO UP AND RUNNING!

CENTRAL PA – Have you been thinking about developing or commercializing an innovative product, process, or new software application? Then, you need to think about Ben Franklin Technology Partners! We are looking for budding entrepreneurs, researchers, software developers, or even small existing businesses. Our risk-free BIG IDEA contests have been helping folks start or grow…

SHOULD YOU ENTER A PITCH COMPETITION?

Back in the day, developing a business plan was typically part of an academic exercise.  Student teams came up with product ideas and then pitched their plans to classroom rivals or a panel of instructors from the Business and Engineering Departments.   But, in the past few years – maybe because of Shark Tank, there has…