Creating Jobs and Helping Grow the PA Economy: Ben Franklin Technology Partners Invests in 17 Tech Startups!
STATE COLLEGE, PA – Seventeen companies located in central and northern PA recently received an investment from Ben Franklin Technology Partners that will allow them to further develop and commercialize new products, processes, or software applications. The Ben Franklin program, which has been investing in tech startups and small manufacturers for nearly 40 years, recently received additional funding support from the PA Department of Community and Economic Development to invest in its portfolio clients that have been impacted by COVID-19. To learn more about Ben Franklin, visit cnp.benfranklin.org
Listed below are the companies that recently received funding and business support services:
Arbitrator Intelligence, located in Port Matilda, PA, developed a confidential, online platform to collect valuable, proprietary information on arbitrators that will increase the efficacy of arbitrator selection. www.arbitratorintelligence.com
AssureTech, located in Huntingdon, PA, is a software and technology company that provides people affected by food allergies with resources for finding medical attention during a life threatening reaction, translating an allergy situation for a person in crisis, and providing FDA food allergy updates in a timely fashion. Epicenter-app.com
Boostpoint, located in Lancaster, PA, provides professional home service businesses, such as roofing contractors, with an efficient way to manage their own social media advertising. www.boostpoint.com
ERApeutics, located in Lancaster, is a physician-led cognitive health company that is commercializing a high-nutrient, low-calorie beverage made from walnuts. Their product is available in a ready-to-drink beverage that also contains a daily serving of Omega 3. www.erapeutics.com
Integrated Platform Services, located in Lancaster, PA, offers Constance, a tech-enabled service that uses daily human phone/video calls and passive monitoring to help seniors live independently. https://www.constance.one/
Laughing Owl Press, located in Kane, PA, is developing a platform that brings the simplicity of ordering digital printing to high-end letterpress printed products. https://laughingowlpress.com
Magnitude Instruments, located in State College, PA revolutionized transient absorption spectroscopy by increasing performance and ease of use with a completely self-contained, benchtop spectrometer for less than $250,000. www.magnitudeinstruments.com
NotePro, located in State College, PA, developed a medical-content system that incorporates condition-specific content with diagnostic and billing codes that are automatically tabulated as the doctor builds the note. www.notepromd.com
Ocunova, located in Wayne, PA, developed a new therapeutic treatment for dry-eye syndrome (DES) which blocks specific receptors which are over expressed in diabetics with DES. www.ocunova.com
Located in Hermitage, PA, OhanaLink Technologies, is the world’s first mobile communication tool that creates a virtual waiting room for friends and family who want to be informed on the status of a patient or the arrival of a new baby. Visit www.ohanalink.tech
PledgeIT, located in Harrisburg, PA, has developed the world’s leading sports crowdfunding platform allowing individuals the ability to create and launch a performance-based fundraising campaign in just minutes. Pledgeit.org
Regenerative Education Evolution Lab (REEL), located in State College, PA, is evolving education by embedding the science of learning into a REEL learning management system that targets first year medical students. www.REEL-lms.com
Reflexion Interactive Technologies, located in Lancaster, developed a portable LED touchscreen that quickly collects/measures a user’s reaction time, hand-eye coordination, peripheral vision, and pattern recognition for use in athletic training and physical rehabilitation.www.reflexioninteractive.com
Sustainable Composites, located in Lancaster, developed an environmentally friendly, proprietary product, Enspire leather, using waste from tanneries and fabricators. Enspire contains more than 99% recycled leather fiber which can be used for any application such as shoes, furniture, and auto interiors. https://www.sustainablecompositesllc.com/
VinoShares, located in Erie, PA, developed a platform that enables consumers to crowdsource – and then consume at the restaurant of their choice – a high-quality wine without purchasing the whole bottle. Venues can attract customers who are looking for a community of people with a shared passion for wine without opening/wasting a high-priced bottle. www.vinoshares.com
WaveClear, located in Erie, PA, is medical device design and development company focused on markets for ultrasonic therapeutic devices for the treatment of vascular occlusive diseases.
Xact Metal, located in State College, PA has combined the essential specs of direct metal additive manufacturing systems with a breakthrough technology that establishes a new level of pricing and performance for customers who would like to use metal 3D printing in their process. www.xactmetal.com
We Invest in Innovation
The largest early-stage investor in our region, Ben Franklin Technology Partners/CNP is an initiative of the Pennsylvania Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority. The program provides investment capital, business support services, and TechCelerator startup boot camps to emerging tech-entrepreneurs and small manufacturers for the purpose of creating high-paying jobs and business growth opportunities in the Commonwealth. www.cnp.benfranklin.org.