The Ben Franklin Technology Partners of Northeastern Pennsylvania’s board of directors approved the investment of $205,000 in support of regional economic development for two Bethlehem companies and one in Berks County.
Orbweaver Sourcing LLC, at Ben Franklin TechVentures in Bethlehem, will receive a $65,000 loan. The funding will help the company develop a supplier pricing infrastructure in a cloud-based software solution for electronic circuit-board manufacturers.
This feature will allow end customers and other industry participants to collect a more comprehensive set of data from component manufacturers and distributors.
EggZack, at Ben Franklin TechVentures, will receive a $50,000 loan.
The funding will help the company expand its sales effort by adding more resellers and increasing its direct sales force. EggZack provides an automated sales and marketing system that is designed for companies that serve local markets.
The Web and mobile-based platform automates the management of the company’s website, search engine optimization, social media, local search, email marketing, blogs, video and directory optimization to generate more local leads.
Ben Franklin also funds an established manufacturer that works with a college or university partner on technology based manufacturing innovation. The agency will provide East Coast Erosion Control LLC of Bernville, Berks County, with $25,000. The university partner is Lehigh University’s Enterprise Systems Center.
The funding will help East Coast Erosion Control improve measures of back-end processes to advance customer delivery performance, reduce cost-of-goods sold, increase efficiency and maximize production capacity at this manufacturer of erosion control products for the construction industry.
Ben Franklin Technology Partners, which owns and manages Ben Franklin TechVentures, an incubator/post-incubator facility on Lehigh University’s campus in Bethlehem, is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority.