Eleven early-stage companies — everything from a bagel bakery to a company that prints living tissue — are recipients of $1.9 million in new investments from Ben Franklin Technology Partners of Southeastern Pennsylvania.
Philadelphia's BioBots expects that within 20 years its 3-D bioprinters will allow patients with organ failure to receive custom replacement organs built by and constructed out of their own cells.
Another Philadelphia company, EnviroKure Inc., uses proprietary technology to produce liquid organic fertilizers. Their unique product upcycles chicken manure in a fully sustainable, highly efficient process to meet the needs of the fastest growing fertilizer markets in the United States: large-scale organic farming and natural turf management.
In Chester County, Essential Medical is developing X-SealTM and MANTATM, two innovative vascular closure devices for both small bore and large bore femoral closure. Vascular closure devices (VCDs) are used to close incisions in the leg artery after cardiac catheterizations.
LifeVest, a Philadelphia company, sits at the intersection of physical and financial health. Using evidence-based science and behavioral economics, LifeVest motivates users to invest in their own wellbeing by rewarding them for learning about, tracking and improving their health.
Livegenic in Philadelphia delivers technology to enhance the customer service environment. It provides an easy way to gain a real-time video from the customer’s point of view through something most customers already have: a smartphone. Livegenic helps organizations reduce support costs, improve customer and employee satisfaction, and minimize business-related risks.
Mitochon Pharmaceuticals is a Delaware County biotech startup that focuses on developing drugs targeting the mitochondria for a host of serious diseases. The company’s development programs are primarily focused on neurodegenerative and neuromuscular diseases including Huntington’s, Batten Disease, Stroke, Duchenne Muscular Dystrophy (DMD), Alzheimer’s Disease, Parkinson Disease and severe burns, and secondarily on metabolic disorders due to over-nutrition (diabetes, obesity and NASH). Ongoing research has linked these diseases to various malfunctions of the mitochondria. By correcting them, Mitochon aims to open the way for a broad range of disease modifying therapies.
Montgomery County’s NETMINDER produces a unique protective coating, offering an environmentally acceptable way to protect aquatic gear such as salmon, cobia, and bluefin tuna nets; oyster cages; trays and bags; crab pots and other gear from the high costs of fouling.
Also based in Montgomery County, PAST offers its Software as a Service (SaaS) to help doctors efficiently distinguish patients who can safely use controlled substance prescription medication from those who require more complex care or additional safety considerations.
Locating in Philadelphia’s Manayunk neighborhood, Sweet Note Bakery is a gluten-free and allergen-free bagel manufacturer.
Montgomery County’s Zuppler is a global Internet commerce solution for restaurants and caterers. Zuppler powers millions of mobile and web food-ordering transactions using their proprietary SaaS platform. This enables consumers to order food from their preferred restaurants and caterers using any device via the restaurant’s branded website or mobile app.
Source: Ben Franklin Technology Partners of Southeastern Pennsylvania
Writer: Elise Vider