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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.
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
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.