Additional Funding Resources

Penn Venture Partners – PVP

As a company grows, its need for additional capital grows with it. Ben Franklin is a limited partner in a private equity group, Penn Venture Partners. PVP provides equity investments in growth-oriented companies in Pennsylvania. Unlike many venture groups, PVP does not have a specific industry focus and their initial investment is typically in the range of $500,000 – $1,000,000.

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The Erie Innovation Fund

Ben Franklin partnered with the Erie County Gaming Revenue Authority to make additional investment capital available to local entrepreneurs in Erie as well as established companies/manufacturers looking for new market opportunities. The screening of the applicants, and the subsequent review process is done by Ben Franklin personnel along with a panel of local business people and potential investors. Business owners and entrepreneurs who are interested in applying for funding should contact Ben Franklin’s Erie Office at (814) 898-6650.

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 Innovation Partnership

Funded in part by the Ben Franklin Program, the Innovation Partnership (IPART) helps eligible technology companies in Pennsylvania access federal research grants. The program manager will help you prepare high-quality SBIR/STTR grant applications, get reimbursement of one-half of the cost of travel and training expenses directly related to your SBIR/STTR, and will provide assistance with commercialization.

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