Ben Franklin announces nearly $1M in regional investments
Ben Franklin Technology Partners of Northeastern Pennsylvania has announced the investment of $925,000 in area companies.
Among the investments was $350,000 given to early-stage companies.
Catapallo VR of Reading received $100,000 towards supporting intellectual property protection, user experience trials and marketing.
The company produces interactive virtual reality modules for neurodivergent people with a focus on teaching individuals on the autism spectrum skills to live more independently.
Steel Jupiter of Bethlehem received $100,000 to support the company’s optimization of Zinna filter coatings.
The company creates technology that increases the performance of air filters and masks in trapping and immobilizing viruses.
Ophidion of Bethlehem received $150,000 to support research and development.
The company is working to develop its carrier technology to treat Huntington’s disease and other neurodegenerative diseases.
Ben Franklin Northeast is also making investments in early-stage company investments as part of the State Small Business Credit Initiative (SSBCI). These projects were financed [in part] from Pennsylvania Small Business Credit Initiative funds from the Pennsylvania, Department of Community and Economic Development.
Among the recipients is Saladax Biomedical of Bethlehem, which received $200,000 to help with the commercialization of its test kits for chemotherapy and anti-psychotic drugs.
The tests are meant to help physicians better understand individual patient drug compliance and metabolism to help reduce toxicity and optimize therapeutic effect.
Ben Franklin Northeast also made investments in established manufacturers, which is provided in 1:1 matching funding for work with a college or university partner.
Among the recipients is Reitnouer of Birdsboro, which received $10,000 to work with Alvernia University’s Enterprise Systems Partners to help implement an Enterprise Resource Planning system at the high-precision metal fabricator.
Silberline Manufacturing Co. of Tamaqua received $25,000 to work with Alvernia University’s Enterprise System Partners to improve efficiency at this producer of aluminum pigments.
Human Active Technology of Easton received 425,000 to work with Lehigh University’s Center for Supply Chain Research on an Enterprise Resource Planning System for the company, which manufactures and sells ergonomically designed office furniture.
Krevitz Industrial Scrap Solutions of Quakertown received $25,000 to work with Lehigh University’s Enterprise Systems Center to support research and development efforts. The company provides industrial waste management and scrap metal solutions to Pennsylvania, Delaware, Maryland, New York, and New Jersey.
Source Lehigh Valley Business
Among the investments was $350,000 given to early-stage companies.
Catapallo VR of Reading received $100,000 towards supporting intellectual property protection, user experience trials and marketing.
The company produces interactive virtual reality modules for neurodivergent people with a focus on teaching individuals on the autism spectrum skills to live more independently.
Steel Jupiter of Bethlehem received $100,000 to support the company’s optimization of Zinna filter coatings.
The company creates technology that increases the performance of air filters and masks in trapping and immobilizing viruses.
Ophidion of Bethlehem received $150,000 to support research and development.
The company is working to develop its carrier technology to treat Huntington’s disease and other neurodegenerative diseases.
Ben Franklin Northeast is also making investments in early-stage company investments as part of the State Small Business Credit Initiative (SSBCI). These projects were financed [in part] from Pennsylvania Small Business Credit Initiative funds from the Pennsylvania, Department of Community and Economic Development.
Among the recipients is Saladax Biomedical of Bethlehem, which received $200,000 to help with the commercialization of its test kits for chemotherapy and anti-psychotic drugs.
The tests are meant to help physicians better understand individual patient drug compliance and metabolism to help reduce toxicity and optimize therapeutic effect.
Ben Franklin Northeast also made investments in established manufacturers, which is provided in 1:1 matching funding for work with a college or university partner.
Among the recipients is Reitnouer of Birdsboro, which received $10,000 to work with Alvernia University’s Enterprise Systems Partners to help implement an Enterprise Resource Planning system at the high-precision metal fabricator.
Silberline Manufacturing Co. of Tamaqua received $25,000 to work with Alvernia University’s Enterprise System Partners to improve efficiency at this producer of aluminum pigments.
Human Active Technology of Easton received 425,000 to work with Lehigh University’s Center for Supply Chain Research on an Enterprise Resource Planning System for the company, which manufactures and sells ergonomically designed office furniture.
Krevitz Industrial Scrap Solutions of Quakertown received $25,000 to work with Lehigh University’s Enterprise Systems Center to support research and development efforts. The company provides industrial waste management and scrap metal solutions to Pennsylvania, Delaware, Maryland, New York, and New Jersey.
Source Lehigh Valley Business