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Baseball, energy, gaming and more: Ben Franklin funds 9 early-stage tech firms


Nine early-stage Philadelphia tech companies will receive nearly $2.2 million from Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) to advance their businesses.
Cloudnexa,  $250,000
Philadelphia's Cloudnexa delivers cloud management solutions, migration, deployments and professional services, allowing clients to move and manage their applications into the cloud with streamlined managed services capabilities.
Community Energy, Inc., $400,000 (Ben Franklin previously committed $400,000)
Based in Radnor, CEI is a clean energy company uniquely positioned on both sides of the supply-demand equation, building solar and wind energy projects by engaging customers through products and services. In 2012, CEI constructed the Keystone Solar Project in Lancaster County, the largest solar project in Pennsylvania.
EyeIC, Inc., $25,000 (Ben Franklin previously committed $725,000)
West Conshohocken's EyeIC is a cutting-edge healthcare technology firm dedicated to commercializing image analysis technologies for medical applications.  EyeIC's MatchedFlicker® is a new technology for monitoring the advent and progression of retinal disease and glaucoma through change detection in time series images.
FLOWatch, LLC, $250,000
The Philadelphia's company’s flagship product of the same name, FLOWatch®, is a next-generation, data-management system focused primarily on the water utility and environmental fields.  The web-based, enterprise-wide system provides a back-end, neutral data-management solution, giving control over data definition and access directly to plant managers and operators.
Lumigent, LLC, $375,000
Lumigent in Glenside is a lighting retrofit company that offers energy efficiency products and services. The Lumigent model enables clients to participate in the lighting retrofit market with limited investment in infrastructure costs.  It offers a single-source solution, from audit through proposal, to customers competing for turnkey retrofit lighting projects.
OrthogenRx, Inc., $175,000
Doylestown's OrthogenRx is a late-stage product development and marketing organization developing generic Class III medical devices in orthopedics. The company utilizes a new business model focused on a product portfolio of generic medical devices with an emphasis on the musculoskeletal therapeutic area: rheumatology, physiatry, orthopedics and sports medicine specialties.
RxSport Corporation,  $500,000
Norristown's RxSport (Chandler Bats) originated when its founder, a furniture maker in Greensboro, NC, noticed the increased number of broken maple bats in Major League Baseball and realized flaws in how they were designed and manufactured. RxSport perfected a technologically advanced and labor-intensive process that maintains the utmost strength of materials and quality of design and has gone on to supply bats to a number of major league teams.

Shenandoah Studio, LLC, $150,000
Philly's Shenandoah is a game studio focused on turn-based strategy games for the iPad and iPhone, allowing hobby gamers to play serious board games on their mobile electronic devices. The company’s first product, an iPad simulation of the Battle of the Bulge, was released in December 2012 with great success.  Since then it released a free version of the game, and created an iPhone version.  Shenandoah is slated to release three new games: Drive on Moscow, Gettysburg: The Tide Turns, and El Alamein.
TuvaLabs, LLC, $50,000
Philly's TuvaLabs has created an online platform that takes news stories about significant events taking place around the world and transforms them into interactive math learning units for students. TuvaLabs is a member of the Project Liberty Digital Incubator, housed by the Interstate Media Group, funded by the Knight Foundation, and operated and supported by Ben Franklin. 

Source: BFTP/SEP
Writer: Elise Vider

BFTP of Southeastern PA, Energy, Life Sciences, Manufacturing, News