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.
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.
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.