ED  Ben Franklin Technology Partners of Central and Northern Pennsylvania

http://www.cnp.benfranklin.org





     Office Locations:

200 Innovation Blvd
State College, PA 16803
Phone: 814-863-4558

 

Stages:

  • Early
  • Expansion


 

Industries:

  • Information Technology
  • Manufacturing & Industrial

  •  

    Description:

    Ben Franklin Technology Partners Central and Northeast supports economic development in its 32-county region by providing access to early stage funding, business expertise and university resources. Funding and business development support services are provided for entrepreneurs, early-stage technology-based companies, and established manufacturers looking to innovate. The organization typically makes investment that range from $50,000 to $150,000 per year up to three years, typically not exceeding three years, and a maximum investment of roughly $450,000. The Erie Innovation Fund, a partnership between the Erie County Gaming Revenue Authority and Ben Franklin Technology Partners, has investment capital for companies located in Erie County. The purpose of the fund is to increase business growth in the Erie area by making additional investment capital available to local entrepreneurs as well as established companies/manufacturers looking for new market opportunities. The Erie Innovation Fund will invest in two types of company projects: Early-stage, tech-based companies (typically pre-revenue) that can provide a concrete plan for the development and commercialization of a technology that will likely result in job creation; and Established companies/manufacturers, with less than 500 employees, that have a concrete plan to develop a new product/new process that will likely result in increased competitiveness along with the creation/retention of jobs. Ben Franklin also has the TechCelerator, designed to allow potential business owners to gather the information they need in order to make an informed decision on launching a company.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Stephen Brawley President CEO

     

    Portfolio companies include:


      AllPure Technologies
        web link


      Buzby Networks
        web link


      Express Dynamics
        web link


      Green Lighting LED
        web link


      Intimal Health
        web link


      John R. Wald Company
        web link


      Kendall Innovation
        web link


      MacuLogix
        web link


      MT Platinum
        web link


      Oasis Footwear
        web link


      Pequea Machine Company
        web link


      PSI Medical Catheter Care
        web link


      REMCOM
        web link


      SilcoTek
        web link


      Xtreme Machining
        web link


     

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