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Innovation & Job News

Four Central/Northern PA-based tech firms receive BFTP investment

Ben Franklin Technology Partners of Central & Northern PA  is playing Santa to four tech-based companies, with $473,569 in new investments. And BFTP/CNP will give startups year-round stocking stuffers with its approval of a new Pre-Seed Fund that will be used to pay for outside due diligence, market acceptance/research and product testing for prospective applicants and their projects.
 
The four companies are:
 
Conduit Technology in Girard has developed patent-pending software that effectively automates the current paper-based process used to collect documentation submitted to insurance carriers for medical equipment used in the home.  The software, which is a comprehensive, clinical documentation tool, collects all needed documents, reduces operating costs, manages critical workflow and enables job-costing to determine profitability prior to accepting an order. 
 
Anderal Technologies  in Hermitage received funding to further develop and commercialize a revolutionary patented technology used in the forming and shaping of metals.  Electrically Assisted Manufacturing was invented and patented by Penn State University’s Dr. John Roth.  The company is partnering with Penn State in this technology-transfer initiative. 
 
Located in State College, Chromatan is a biotechnology company established in 2008 that is commercializing a new and innovative technology called Countercurrent Tangential Chromatography or CTC.  The company’s innovation will transform the current protein purification process, while providing significant cost savings, disposability and scalability. 
 
Surge Business Development in State College, addresses the concerns of college town retailers, first-time college parents and university student affairs. Its social commerce site (Rattle the Box) links consumers and retailers in socially relevant ways. It provides value to their university partners, students and parents of students, and then leverages those relationships to facilitate additional financial transactions. Rattle the Box provides student affairs professionals with a focused means to expose new students to experiential opportunities, in an effort to engage students in non-drinking activities.

For 30 years, Ben Franklin has been making investments in central and northern Pennsylvania’s entrepreneurs, tech-based start-ups and small manufacturers with the goal of assisting them in developing new technologies, hiring additional employees and increasing sales.
 
Source: BFTP/CNP
Writer: Elise Vider
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