The Ben Franklin Technology Partners Corp. is among 20 recipients of a FAST program grant from the federal Small Business Administration.
The $95,000 awards are being given out to state and local economic development agencies, business development centers and colleges and universities to stimulate economic development among small, high technology businesses. The funds are to be used for outreach and technical assistance to such businesses.
According to R. Chadwick Paul, executive director of Ben Franklin Technology Partners of Northeast Pennsylvania, the funds will help fund The Innovation Partnership. He said this is the sixth Federal and State Technology award IPart has received. IPart is comprised of Ben Franklin Technology Partners, University City Science Center, Life Sciences Greenhouse of Central Pennsylvania, Pittsburgh Life Sciences Greenhouse Pennsylvania, Pennsylvania Small Business Development Centers, Pennsylvania State University, the Penn State University College of Medicine, the Innovation Transfer Network, Drexel University and Temple University.
"IPart plays a significant role in helping qualified Pennsylvania entrepreneurs to access federal funds to accelerate their growth," Paul said.
Since its inception, IPart has provided 505 technical reviews to Pennsylvania companies, and 92 companies have been awarded more than $25 million in federal grants, Paul said.