News Summary
Ben Franklin Technology Partners of Northeastern Pennsylvania has announced more than $2 million in investments aimed at supporting 17 companies from April to June. The investments will foster workforce expansion, innovative product development, and operational growth. With funds supporting both established manufacturers and early-stage firms, this initiative includes key projects in diverse sectors such as healthcare and technology. The organization’s mission focuses on job creation and nurturing entrepreneurship throughout the region.
Pennsylvania – Ben Franklin Technology Partners of Northeastern Pennsylvania has announced over $2 million in investments to bolster the growth of 17 companies in the region between April and June. The organization specializes in supporting startups, manufacturers, and business incubators across a vast 21-county jurisdiction. The recent funding aims to enhance workforce expansion, promote innovative product development, and stimulate operational growth within the state.
The approved investments totalled $2.03 million, with established manufacturers receiving $659,550 and early-stage companies securing a significant $1.4 million. Notably, the funding for these projects has been partially made possible through the Pennsylvania Small Business Credit Initiative funds.
Among the companies benefitting from this round of funding, six established manufacturers and 11 early-stage firms are set to advance their operations. These include key projects such as:
- Oral Biolife, based in Northampton County, which is in the process of developing a groundbreaking treatment aimed at regenerating bone lost to periodontal disease.
- Redemption Business Solutions, hailing from Wayne County, which is working on creating a cloud-based ERP system designed specifically for retailers.
- Spacecraft Automation, also from Northampton County, focused on developing automated kiosks that could benefit various business sectors.
The early-stage companies benefiting from the recent investments include:
- Automate HQ Inc. (Jessup, Lackawanna County)
- Global Key Solutions (Scranton, Lackawanna County)
- NovaData Solutions Inc. (Haverford, Delaware County)
- Oral Biolife Inc. (Bethlehem, Northampton County)
- Orbweaver Sourcing, LLC (Bethlehem, Northampton County)
- Redemption Business Solutions LLC (Honesdale, Wayne County)
- Reviews UP LLC (Allentown, Lehigh County)
- SARAS-3D Inc. (Allentown, Lehigh County)
- Spacecraft Automation (Bethlehem, Northampton County)
- Spoke Acquisition Corporation (Spoke Sciences) (Bethlehem, Northampton County)
- With Meraki Co. (Northampton County)
The established manufacturers receiving investment include:
- Brentwood Industries Inc. (Spring Township, Berks County)
- ABEC Inc. (Bethlehem, Northampton County)
- Eastern Exterior Wall Systems Inc. (Allentown, Lehigh County)
- LifeAire Systems LLC (Allentown, Lehigh County)
- Musculoskeletal Transplant Foundation (MTF Biologics) (Jessup, Lackawanna County)
- Polymer Contours (Allentown, Lehigh County)
Ben Franklin Technology Partners tailors its investments to meet the distinct needs of each company, ensuring that funded projects are positioned effectively within the market. The overarching mission of Ben Franklin Technology Partners focuses on facilitating job creation and nurturing entrepreneurship across Pennsylvania.
Established by the Pennsylvania Department of Community and Economic Development, the Ben Franklin Technology Partners network consists of four independent nonprofit organizations located in Bethlehem, Philadelphia, Pittsburgh, and State College. This organization encourages local entrepreneurs to share their business ideas and leverage available resources for sustainable growth.
Through its strategic investments and commitment to fostering innovation, Ben Franklin Technology Partners seeks to invigorate the economic landscape of Northeastern Pennsylvania and pave the way for a prosperous future.
Deeper Dive: News & Info About This Topic
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- Wikipedia: Technology Partner
- Penn Biz Report: Ben Franklin Technology Partners Invests $2.03M
- Google Search: Ben Franklin Technology Partners
- Lehigh Valley Business: Venture Idol 2025
- Encyclopedia Britannica: Startup Company
- PA Senate GOP: Hearing on AI and Innovation
- Google News: Investment in Pennsylvania
- Reading Eagle: Ben Franklin and Montgomery County Partnership
Author: STAFF HERE PHILADELPHIA WRITER
PHILADELPHIA STAFF WRITER The PHILADELPHIA STAFF WRITER represents the experienced team at HEREPhiladelphia.com, your go-to source for actionable local news and information in Philadelphia, Philadelphia County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mummers Parade, Philadelphia Flower Show, and Thanksgiving Day Parade. Our coverage extends to key organizations like the Greater Philadelphia Chamber of Commerce and United Way of Greater Philadelphia, plus leading businesses in telecommunications, food services, and healthcare that power the local economy such as Comcast, Aramark, and Children's Hospital of Philadelphia. As part of the broader HERE network, we provide comprehensive, credible insights into Pennsylvania's dynamic landscape.
