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Ben Franklin to Invest $60,000 In Two Early-Stage Firms
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 16,214 new jobs for Pennsylvania workers and to retain 22,155 existing jobs, to start 458 new companies, and to develop 1,279 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-stagecompany investments that are provided to clients in the form of loans.
Colymer Industries, Ben Franklin TechVentures, Bethlehem, Northampton County
Ben Franklin Investment: $50,000
Implement a marketing and sales strategy to commercialize a new, proprietary, non-asphalt roofing and waterproofing material called Tarzanite. An improved coal tar formulation, Tarzanite is not water-soluble and is environmentally beneficial. The material is expected to outlast traditional asphalt-based materials by a factor of four.
SeKur Technology, Inc., (www.sekurtechnology.com)
Ben Franklin Investment: $10,000
Complete a sales and marketing strategy to launch a proprietary licensing, encryption, and storage solution to secure all types of digital media, including pdf documents, e-books, and audio/video files. The owner of the media can encrypt, track, and control the distribution of any file, on- or off-line, preventing unauthorized transfer or download.