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Ben Franklin to Invest $740,983 in PA Technology Companies

The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) board approved the investment of $740,983 in regional companies. BFTP/NEP is an award-winning, state-funded economic development organization that links early-stage technology firms and established manufacturers with experts, universities, funding, and other resources to help them prosper through innovation.

Since beginning operation, BFTP/NEP has helped to create 14,922 new jobs and retain 21,358 existing jobs, to start 420 new companies, and to develop 1,017 new products and processes. Ben Franklin has returned $3.50 to Pennsylvania for every $1.00 invested in the program.

BFTP/NEP will invest in eight early-stage technology firms:

CEWA Technologies, Bethlehem - $250,000 Complete prototype testing and finalization of the commercial design of a new kind of point-concentrated solar power dish that will deliver energy at a lower cost due its novel shape and construction. The dish, called a toroid solar collector, is capable of providing thermal power for HVAC, power generation, desalination, and process heat applications at a cost comparable to fossil fuel-based sources of energy without government subsidy. Such cost competitiveness is novel in solar power dishes, and critical to the growth of this alternative energy source.

EggZack, Ben Franklin TechVentures, Bethlehem - $20,000 Refine a strategy for assembling a strategic partner network to help EggZack market and sell its software as a service (SaaS) solution to a much larger base of customers. The patent-pending SaaS platform requires only a single entry to update a client's website and other marketing functions, broadcasting the information immediately to more than 20 types of media, including social media such as the company website and blog, email, local media, and publications. Such tools are needed by small- to medium-sized retailers, restaurants, and other companies to promote themselves more effectively and profitably, and to also offer as a value-add to the members and clients of organizations, franchises, and creative marketing agencies.

Hydro4GE, Inc., Scranton - $15,000 Establish a sales and marketing strategy for Hydro4GE's new software development tool, Pario. Pario allows programmers to generate and support complete, production-ready database systems with dramatic productivity gains and quality outcomes from high-level specifications. Traditional software construction practices are often repetitive and labor-intensive, and thus prone to error. Hydro4GE's software delivers substantial programmer productivity gains, rapid application prototyping, and substantial ongoing support efficiencies.



Author:Haining Tiange Solar Technology Co., Ltd.
Main Product:Solar energy,Solar water heater,Solar collectors,Integrated pressurized Solar water heater ,Split Pressurized solar water heater,Compact solar water heater


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