At Ben Franklin Technology Partners, we’re committed to fueling your innovation and supporting your entrepreneurial dreams. Whether you’re a tech startup with groundbreaking potential or a small manufacturer with an innovative vision, we offer funding and expertise to help you succeed.
From the initial meeting to receiving a check, the process usually takes 3-6 months. We invest on a quarterly basis, or four times a year. Because of the risks we are willing to take to finance your startup, we want to ensure we fully understand all aspects of your business concept and your ability to execute it successfully.
Tech startups may receive up to $500,000 in funding through a series of investments as they grow, while existing manufacturers may receive up to $250,000. The amount of funding varies based on the company’s progress and specific circumstances.
Creating good-paying jobs in Pennsylvania is central to the Ben Franklin mission. Our portfolio clients use our funding for hiring and retaining employees, business growth, software and prototype development, beta testing, sales and marketing expenses, market development, trade show participation, and developing new product or process delivery models.
Our funding can’t be used for land, buildings, machinery, equipment, or inventory. This is because there is a myriad of other organizations able to provide this kind of financing.
WOVE MADE,
A BEN FRANKLIN PORTFOLIO COMPANY
LOCATED IN LANCASTER COUNTY
Your business must be located within our 32-county footprint to qualify for funding. For businesses outside this area, there are other Ben Franklin offices across the state that provide support to the remaining countiesMatching Investment: You’ll need some of your own cash to “match” our investment. Ben Franklin funding is not a small business grant; there is a user-friendly payback process that begins once your engagement with us is over. We use the payback from successful projects to continue funding new startups in Pennsylvania.
You don’t need to have a full-blown business plan, but a summary of what you are developing, the problem it will solve, and the market it will serve is a big help. At Ben Franklin Technology Partners, we’re eager to hear about your innovation.
Swim Fins: Franklin’s curiosity extended to various fields, including swimming. He designed swim fins, which were wooden contraptions worn on the hands to increase swimming speed. While not as widely recognized as some of his other inventions, his swim fins demonstrate his innovative thinking across a range of disciplines.