Three early-stage companies and seven established manufacturers in northeastern Pennsylvania are beneficiaries of the latest round of investments from Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP). Those investments total $316,000.
Loans were provided to the following early-stage companies:
Bison Analytics, LLC, Lewisburg, was awarded $52,500 to complete development of and provide marketing support to their consolidation, planning and business intelligence software, targeted to small businesses that use QuickBooks.
Colymer Industries, LLC, located at Ben Franklin TechVentures in Bethlehem, earned $50,000 to implement a marketing and sales strategy to commercialize a new proprietary, non-asphalt roofing and waterproofing material called Tarzanite.
Four Hound Solutions, LLC, Wilkes-Barre, received a loan of $25,000 to develop and submit a provisional patent and revise their business plan; the company produces software solutions for automated test equipment.
BFTP/NEP will also provide matching funds for these technology-based manufacturing/university partnerships.
Applied Separations, Inc., Allentown, and Lafayette College received $50,000 to develop and implement a new process and deploy equipment for the waterless dyeing of textiles. They hope to tap into business-to-business sales to clothing manufacturers and textile companies.
Bio Med Sciences, Inc., Allentown, and Lehigh University’s Enterprise Systems Center earned $25,000 to complete implementation of a new Enterprise Resource Planning system. The company produces innovative and specialized materials for burn and wound care, and aesthetic skin care.
Effort Foundry, Inc., Bath, and Lehigh University’s Enterprise Systems Center received $25,000 to implement improved production methods and product tracking capabilities at this supplier of high-integrity steel parts for the pump, power generation, and military industries.
Hydro Recovery LP, Blossburg, and Pennsylvania State University were awarded $25,000 to further develop and optimize the economic extraction of useful materials from residual “frac” water used in natural gas wells.
Pleasant Mount Welding, Inc., Carbondale, and Johnson College received $20,100 to develop manufacturing capability and produce aluminum I-bar and rectangular bar grating products to better serve customers, increase profit margin and create additional market opportunities.
Radius Toothbrush, Kutztown, and Lehigh University’s Enterprise Systems Center earned $18,500 to complete facility assessment and planning to accommodate future growth at this manufacturer of innovative, high-performance, ergonomic toothbrushes.
Rea.deeming Beauty, Inc., Bethlehem, and Lehigh University’s Enterprise Systems Center were awarded $25,000 to streamline current manufacturing and shipping procedures by designing and implementing new automation techniques at this manufacturer of elliptical-shaped makeup applicators.
Source: BFTP/NEP
Writer: Elise Vider