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Follow on Google News | Erie Innovation Fund Investment Helps Four Local Start-Ups Get StartedTo date, the Erie Innovation Fund has invested in four local start-up companies: PSI Medical Catheter Care, LLC; Green Lighting LED; CE Convergence LLC; and @Home FMS, LLC:
By: Ben Franklin Technology Partners To date, the Erie Innovation Fund has invested in four local start-up companies: PSI Medical Catheter Care, LLC; Green Lighting LED; CE Convergence LLC; and @Home FMS, LLC: PSI Medical Catheter Care, LLC has developed the Catheter Care System (CCS) which pre-vents bacterial contaminations that lead to infection in healthcare settings. The use of the three products that comprise the system, the DOCit™, HubScrub™, and Station will reduce the nearly $30 million in direct costs incurred by the hospitals to treat infections but, more importantly, will help eliminate the cause of death for nearly 99,000 people every year. Chris Cuzzola, the com-pany’s General Manager, commented, “Healthcare- ccuzzola@psipartners.com Green Lighting LED, has designed a LED light fixture to be used in the harvesting of mushrooms. Pennsylvania farmers, who in total represent 81 million square feet of production, need an alternative to the traditional fluorescent lighting fixtures, as these fixtures are not energy efficient, break easily, and contain mercury. According to the company’s President, Joel Gehly, “The average mushroom farmer breaks about 300 fluorescent tubes a year when moving the existing fixtures during cleaning cycles. Broken tubes expose the personnel and crops to traces of mercury. Our LED fixtures are environmentally- CE Convergence, LLC offers professionals a fully automated solution to maintain their accreditation and to simplify the tasks associated with managing continuing education credits. Mr. Gene Cherner, President and CEO of CE Convergence, commented, “We are the only company that currently offers a universal, comprehensive, and completely automated solution - and automation is the key.” For more information see www.ceconvergence.com or contact Mr. Cherner at gene.cherner@ @Home FMS, LLC is a spin-off business of Comfort Care and Resources, Inc. The @Home System represents a huge technological breakthrough, as it efficiently automates the current paper process for billing of Medicaid-approved homecare services for the elderly. Mr. James Fetzner, CEO of @Home FMS said, “We have developed a low-cost, point-of-care communication system that doesn’t use a single piece of paper.” For more information please contact Mr. Fetzner directly at jfetzer@ComfortCareResources.com About Ben Franklin Technology Partners Ben Franklin Technology Partners/CNP, an initiative of the Pennsylvania Department of Com-munity and Economic Development and funded by the Ben Franklin Technology Development Authority, provides investment capital, operational assistance, and entrepreneurial support to emerging tech-based companies and small, existing manufacturers for the purpose of creating and retaining jobs in Pennsylvania. Contact the central 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. # # # About the Erie County Gaming Revenue Authority The Erie County Gaming Revenue Authority is charged with distributing 1% of the State Gam-ing Revenue received by Erie County pursuant to the Pennsylvania Race Horse Development and Gaming Act (4 Pa. C.S.A. §1101 et seq.) and in accordance with the Settlement Agreement dated December 13, 2010. Further, the Erie County Gaming Revenue Authority invests, manages and deploys “uncommitted” End
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