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Ben Franklin Program Invests $370,000 In Four PA Startups

On September 18, 2012, the Center’s Board of Directors approved an investment totaling $370,000 in four companies located in the 32-county footprint served by the program.

Sept. 19, 2012 - PRLog -- STATE COLLEGE, PA – For 30 years, Ben Franklin Technology Partners of Central & Northern PA has made investments in entrepreneurs, tech-based start-ups, and small manufacturers who are developing new products or new markets.  The Program’s goal is to create and retain jobs, assist in the development of new technologies, and support emerging tech companies as they grow and increase sales. For more information on the program, click on http://www.cnp.benfranklin.org

On September 18, 2012, the Center’s Board of Directors approved an investment totaling $370,000 in four companies located in the 32-county footprint served by the program. The companies that received a Ben Franklin investment are:

Operating out of the Erie Technology Incubator on Gannon University’s campus in Erie, PA, CE Convergence offers a convenient, easy-to-use continuing education management tool that keeps professionals compliant with licensing-board regulations. The company also provides a central online marketplace, where those who require a license to practice, can easily search and register for courses from a whole range of providers. While the software is initially focused on the accounting profession, the basic engine has been built to allow easy adaptation to healthcare, law, teaching, real estate, and insurance.  For more information, click on www.ceconvergence.com

Founded in State College, Ascent Bio-Nano provides high-performance, low cost, miniature flow cytometry devices used for biological studies, therapeutics, and even the medical diagnosis of HIV and cancer. Flow cytometry products that are currently
available and able to perform cell sorting functions, are bulky and expensive and not viable as a solution in resource-limited environments.  The company has filed for seven U.S. patents and invention disclosures for this device through Penn State University.  For more information contact Ling Wang at Lin.wang@AscentBioNano.com

Lasers for Innovative Solutions (L4IS) is a State-College based manufacturer of electronic inspection and monitoring devices.  Current designs of X-ray tomography are slow, expensive, and don’t offer the sensitivity needed for many applications in contemporary studies.  The company’s technology is capable of decomposing physical objects and digitally reconstructing them as an interactive 3D model.  This is important as many large companies are seeking new methods to inspect high value assets such as genetically modified crops and gas well core samples.  For more information, email to info@14is.com

Located in Carlisle, CrimeWatch US has developed a software platform designed to operate on web and mobile technologies that allows more than 33,000 domestic law enforcement agencies to manage and control fugitive/offender information.  Crime Watch’s web-based framework links local, state, and national agencies enabling them to organize fugitive and offender information in a format that immediately shares the information.  The forum encourages public interaction by offering dynamic information that is easily accessed across social media networks and other forms of electronic communication.  For more information see http://CrimeWatchPA.com

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Source:Ben Franklin Technology Partners
Location:State College - Pennsylvania - United States
Industry:Biotech, Software
Tags:Electronic Inspection, Cell Sorting, Continuing Education, Software
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