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Ben Franklin Program Invests $1.7 Million in Pennsylvania Tech-Companies

Sixteen tech-based start-ups located in central and northern Pennsylvania, have been approved to receive a total investment of more than $1.7 million from Ben Franklin Technology Partners/CNP.

PRLog - July 29, 2011 - STATE COLLEGE, Pa. -- STATE COLLEGE, PA – Sixteen tech-based start-ups located in central and northern Pennsylvania, have been approved to receive a total investment of more than $1.7 million from Ben Franklin Technology Partners/CNP.  The Center’s Board of Directors also approved funding for six translational research projects (TRESP) involving clean, alternative energy and a Center of Excellence focusing on high performance building systems at Penn State University.

For nearly 30 years, the Ben Franklin program has helped entrepreneurs, emerging businesses, and small manufacturers develop new technologies, hire additional employees, and increase their sales/marketing efforts in order to grow and compete in their respective markets.   For information on the program see http://www.cnp.benfranklin.org.

The companies that received Ben Franklin funding are:

Nittany Extraction Technologies – Centre County:  Developed a manufacturing process that uses low-cost, widely available industrial and domestic waste materials in the production of high-quality proppants.  See www.penn-prop.com

Match-up Huddle – Centre County:  Provides fantasy sports-based social games.  See http://matchuphuddle.com

Little Pine Resources – Clearfield County:  Connecting shallow-well operators with local end-users in order to utilize the existing shallow natural gas wells in the region.  See www.littlepineresources.com

GreenTek Building Solutions – Clearfield County:  Designs and sells “green” wall systems, insulated ceilings, flooring, and attic insulation to meet the needs of residential remodeling and new construction.  See www.greentekbuildingsolutions.com

Morgan AM&T – Elk County:  Investigating the development of a new spark plasma sintering technology.  See www.morganamt.com

Applied Computational Technologies - Somerset County:  Developing software technology that provides fast and accurate dose calculations in radiation treatment planning for cancer therapy. See http://appcomptech.com

Kennametal – Bedford County:  Exploring the potential of a revolutionary new sintering technology used on tungsten carbide.  See www.kennametal.com

AllPure Technologies– Adams County:  Designs, manufactures, and markets cutting-edge products for biopharmaceutical and pharmaceutical drug developers/manufacturers. See www.AllPureInc.com

Apeliotus Vision Sciences Inc – Dauphin County:  Developing a diagnostic for the early detection of age-related macular degeneration.  See www.apeliotus.com  
Hydroworx - Dauphin County:  Developed advanced water therapy technology that eliminates 20 – 100 percent of a person's bodyweight during rehabilitative exercise. See www.hydroworx.com  
Energy Wall – Lancaster County:  Developed high-efficiency energy cores for use in energy recovery ventilation products.  See www.EnergyWall.com

Bollman Hat Company – Lancaster County:  Retooling underutilized equipment and machinery in order to launch a line of “green” insulation products.  See http://Bolmanhats.com

Cruz Star – Cumberland County:  Specializes in remote ordering software for the food service industry.  See www.menudrive.com

CE Convergence - Erie County:  Offers licensed professionals a fully automated solution to maintain their accreditations.  See www.ceconvergence.com

@Home FMS – Erie County:  Developed a low-cost system that efficiently automates the current paper process for billing of Medicaid-approved homecare services.  See www.comfortcareresources.com

Ernst Biomass – Crawford County:  Developing a biomass densification facility dedicated to the production of solid biomass fuel from switchgrass.  See www.ernstbiomass.com

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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 operational assistance, entrepreneurial support, and investment capital to emerging tech-based companies and small, existing manufacturers for the purpose of creating and retaining jobs in Pennsylvania. Contact the main office of Ben Franklin in University Park at (814) 863-4559, or see our website at www.cnp.benfranklin.org for a listing of satellite offices.

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Source:Ben Franklin
Location:State College - Pennsylvania - United States
Industry:Engineering, Technology, Business
Tags:entrepreneurs, start up companies, seed funding, investment, funding, Technology, penn state university, state college
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