Ben Franklin Program Invests $740,000 in Six PA Startups
STATE COLLEGE, PA – Ben Franklin Technology Partners of Central and Northern PA, announced today that six startups, located in the 32-county footprint served by the Center, will receive funding to further develop and commercialize their products.
The Ben Franklin Program (http://www.cnp.benfranklin.org), which this year celebrates its 30th year of service to the Commonwealth of Pennsylvania, makes its investments in entrepreneurs, technology startups and small manufacturers that are developing new technologies and creating new jobs in the State.
The Companies that received an Investment from Ben Franklin are:
FairTech Labs, located in State College, PA, and a graduate of the BF TechCelerator@State College, provides an online solution for personalized household inventory management. Shelf Scouter effectively organizes, manages, and purchases household goods and eliminates the inefficiencies associated with paper grocery lists. See www.shelfscouter.com
Also located in State College, Ascent Bio-Nano Technologies, and a graduate of the BF TechCelerator@State College, has developed patented, low-cost flow cytometer cell sorters that analyze and sort without damaging the cells. See www.AscentBioNano.com
Arctic Blast Covers located in Indiana, PA, has introduced a line of thermal covers that are designed to insulate and warm bank branch offices that maintain ATM’s, cash drawers, and night deposit slots. See http://arcticblastcovers.com
Located in York, PA, UniSeal, has introduced FloorEverDri® into the global moisture mitigation and concrete curing market. Uniseal’s green, user friendly product meets or exceeds all ASTM moisture and alkalinity testing standards and also acts as a primer for flooring adhesives. See http://unisealsolutions.com
Netrepid, located in Harrisburg, PA, is an IT services company which is building on a nine-year legacy. The BF investment helps complete a company restructure and will also be used to hire support and sales personnel. The company offers co-location, hosting and infrastructure management. See www.netrepid.com
Conduit Technology, housed in the Erie Technology Incubator on the campus of Gannon University, the company has developed and launched a cloud-based software product that automates the current manual, paper-based process used to collect medical device documentation required by insurance companies. www.conduittechnology.com