Ben Franklin Technology Partners Invests More Than $500,000 in Five PA Companies!
STATE COLLEGE, PA – The Board of Directors for Ben Franklin Technology Partners of Central and Northern PA recently approved investments totaling $515,000 in five companies located in the Center’s 32-county footprint . While each of the companies serves decidedly different markets and are in various stages of their business development, they took the first important step in turning a good idea in to a business reality by applying to Ben Franklin for funding. If you need startup funding and are located in central or northern Pennsylvania, you could be eligible to receive our investment capital and business support services. Visit our website at www.cnp.benfranklin.org
The companies listed below were awarded an investment:
Located in Erie, PA, RendrFX, is a cloud-based software startup with an innovative platform that delivers high-quality motion graphic videos. With the video market expanding at a rapid pace, customers can leverage RFX HD animated graphics for their websites, email promotions, presentations, and social media branding campaigns without paying thousands of dollars per video. These videos can also be customized with logos, color branding, and digital media. The company’s many current customers attest to how easily they are using this web-based platform to produce high-definition videos at a fraction of the cost. For more information, visit www.rendrFX.com
Also located in Erie, PA, Institute on HealthCare Directives, provides an effective Advanced Health Care Planning and Delivery System that acts as a guide when determining critical care and medical care and treatment wishes. The company’s innovation, which consists of a guided interview, a Resuscitation Choices ID Card, and a QR code that links to a video of the patient verbally instructing medical professionals on their health history and end-of-life wishes, enables the patient to be heard when they are unable to speak for themselves. For more information, visit www.instituteHCD.com
ABBATRON, located in Meadville, PA, is a family-owned business that designs and manufactures a broad range of standard and custom electronic connectors, components, cable assemblies, and electronic hardware for the industrial and music industries. Their two major brands consist of HHSmith, which is focused on the industrial and military markets, while their GHPlugs offer the music industry patented and innovative connectors. A third product, which is patent-pending, is a recently developed solder-less plug which was specifically requested by and designed for music industry professionals. For more information, visit www.Abbatron.com
Affinity Connection, Inc., located in State College, PA, is a well-known and established direct marketing company whose purpose is to bring members and donors closer to their clubs and non-profit organizations. While many non-profits are still using paper-based solicitations and donor management systems, Affinity has developed personalized communications and fundraising strategies that are designed to create and grow donor interest and relationships. Affinity helps its clients use technology to reduce the distance between donors and their causes. For more information, visit www.affinityconnection.com
eLoop, also located in State College, PA, is commercializing a new, environmentally responsible chemical method to separate lead from glass used for CRT’s on older-style TV’s and computer display tubes. After separation, the glass will be re-cycled into a clean glass product as well as a clean lead. The lead will be sold in the commodity market and the glass can be used in the same markets as the panel glass. For more information, contact Mr. Ned Eldridge at 724-309-1537.
We Inve$t in Innovation
About Ben Franklin Technology Partners:
The largest early-stage investor in our region, Ben Franklin Technology Partners/CNP, (an initiative of the Pennsylvania Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority) provides funding, operational assistance, and business support services to emerging tech-based companies and small, existing manufacturers for the purpose of creating and retaining jobs in Pennsylvania. Contact Ben Franklin’s office in University Park at (814) 863-4558 or see our website at www.cnp.benfranklin.org.