Three early-stage companies and seven established manufacturers in northeastern Pennsylvania are beneficiaries of the latest round of investments from Ben Franklin Technology Partners of Northeastern Pennsylvania
(BFTP/NEP). Those investments total $316,000.
Loans were provided to the following early-stage companies:
LLC, Lewisburg, was awarded $52,500 to complete development of and provide marketing support to their consolidation, planning and business intelligence software, targeted to small businesses that use QuickBooks
, LLC, located at Ben Franklin TechVentures
in Bethlehem, earned $50,000 to implement a marketing and sales strategy to commercialize a new proprietary, non-asphalt roofing and waterproofing material called Tarzanite.
Four Hound Solutions
, LLC, Wilkes-Barre, received a loan of $25,000 to develop and submit a provisional patent and revise their business plan; the company produces software solutions for automated test equipment.
BFTP/NEP will also provide matching funds for these technology-based manufacturing/university partnerships.
, Inc., Allentown, and Lafayette College
received $50,000 to develop and implement a new process and deploy equipment for the waterless dyeing of textiles. They hope to tap into business-to-business sales to clothing manufacturers and textile companies.
Bio Med Sciences
, Inc., Allentown, and Lehigh University’s Enterprise Systems Center
earned $25,000 to complete implementation of a new Enterprise Resource Planning system. The company produces innovative and specialized materials for burn and wound care, and aesthetic skin care.
, Inc., Bath, and Lehigh University’s Enterprise Systems Center received $25,000 to implement improved production methods and product tracking capabilities at this supplier of high-integrity steel parts for the pump, power generation, and military industries.
LP, Blossburg, and Pennsylvania State University
were awarded $25,000 to further develop and optimize the economic extraction of useful materials from residual "frac" water used in natural gas wells.
Pleasant Mount Welding,
Inc., Carbondale, and Johnson College
received $20,100 to develop manufacturing capability and produce aluminum I-bar and rectangular bar grating products to better serve customers, increase profit margin and create additional market opportunities.
, Kutztown, and Lehigh University’s Enterprise Systems Center earned $18,500 to complete facility assessment and planning to accommodate future growth at this manufacturer of innovative, high-performance, ergonomic toothbrushes.
, Inc., Bethlehem, and Lehigh University’s Enterprise Systems Center were awarded $25,000 to streamline current manufacturing and shipping procedures by designing and implementing new automation techniques at this manufacturer of elliptical-shaped makeup applicators.
Writer: Elise Vider