1. developing and growing early-stage technology-oriented companies,
2. helping established manufacturers creatively apply new technology and business practices to achieve industry leadership, and
3. promoting an innovative community-wide infrastructure that fosters a favorable business environment for high-growth companies.
Since beginning operation, BFTP/NEP has helped to create 15,820 new jobs for Pennsylvania workers and to retain 21,645 existing jobs, to start 442 new companies, and to develop 1,189 new products and processes. The Pennsylvania Ben Franklin Technology Partners network (http://benfranklin.org/
BFTP/NEP owns and manages Ben Franklin TechVentures (http://nep.benfranklin.org/
Ben Franklin announces the following early-stage company investments that are provided to clients in the form of loans.
Colymer Industries, Ben Franklin TechVentures, Bethlehem, Northampton County
Ben Franklin Investment: $35,000
Complete a new financial model, strategic business plan, corporate operating agreement, and assignment of intellectual property for this manufacturer of proprietary non-asphalt roofing materials. Unlike asphalt, Colymer’s innovative roofing products are not water soluble and are environmentally beneficial. The materials are expected to outlast traditional asphalt-based roofs by a factor of four.
Columbia County Bread & Granola (http://www.columbiacountybread.com/)
Ben Franklin Investment: $28,000
Complete development of a strategic business plan that will help the company expand into new markets and raise capital as needed. The Ben Franklin investment will also allow the company to optimize its production as it expands and to build an appropriate production and marketing infrastructure to support planned growth. Columbia County Bread & Granola is an innovator of food products for health-conscious consumers and individuals who suffer from a variety of dietary restrictions.
Ben Franklin Investment: $81,000
Develop and implement enhanced sales strategies for the company’s web-based customer feedback system for procurement professionals. eVendorCheck’
Pivitec, LLC (http://www.pivitec.com/)
Ben Franklin Investment: $75,000
Continue commercialization and enhancement of hardware and software products for this developer of audio streaming and distribution products. Modern performances in theaters and houses of worship require a variety of approaches to provide performers the ability to hear their own performances as well as cues. Wired systems currently in use require extensive cabling, limiting performers’ movements, and have limited audio source reception. Pivitec uses wireless mobile devices as interactive controllers for its network devices to address problems in live professional audio productions.
PROVA Systems and Technologies, Inc. (http://www.fleet-
Ben Franklin Investment: $60,000
Support the commercialization of PROVA™ Systems’ Fleet Genius® PRO, a fleet management software system for small and medium-sized enterprises, and family fleets. The software integrates PROVA's plug-and-play OBD-2 fleet management monitor that links with its cloud-based Fleet Genius SAAS application to collect, monitor, and analyze the performance of vehicles and drivers. PROVA's OBD-2 monitors are included in the company's Fleet Manager-in-a-
TSG Software (http://acceleratorcc.com/)
Ben Franklin Investment: $100,000
Support a focused sales and marketing effort in commercializing software for business cleaning services, property and facility managers, and building management contractors. TSG’s Accelerator CC® brings traditionally manual processes into cloud software with mobile solutions to automate mission-critical processes. This eliminates workflow disruption. Its innovative approach provides compelling value to a large market.