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Ben Franklin invests $488K in startups, manufacturers

Ben Franklin Technology Partners of Northeastern Pennsylvania said it has invested $488,400 in a number of early-stage firms and established manufacturers.

Among the early-stage investments:

Ben Franklin invested $20,000 in Ophidon of Bethlehem to help support the firm’s pre-clinical studies of a treatment for Huntington’s disease, a fatal neurodegenerative disease with no current cure.

It also invested $100,000 in Rocket Cloud Inc. of Bethlehem to improve and implement a new marketing and sales strategy for its software program interface for the building materials supply industry.

The technology partners provided 1:1 matching funds for a number of established manufacturers working with college or university partners.

Ben Franklin invested $25,000 in Bearing and Drive Solutions of Reading, which is working with Lehigh University’s Center for Supply Chain Management to implement a new enterprise resource management system and review its manufacturing processes

It invested $25,000 in Brenntag Northeast Inc. of Reading, which is working with Lehigh University’s Enterprise Systems Center to improve warehouse and operating efficiencies.

It also invested $25,000 in Heritage Sign and Display Inc. of Nesquehoning, which is working with Lehigh University’s Enterprise Systems Center to design a new product and conduct industrial engineering work to increase manufacturing efficiency.

Other investments were made in Pike, Luzerne and Lackawanna counties.

Writer Stacy Wescoe has her finger on the pulse of the business community in the Greater Lehigh Valley and keeps you up-to-date with technology and trends, plus what coworkers and competitors are talking about around the water cooler — and on social media. She can be reached at swescoe@bridgetowermedia.com or 610-807-9619, ext. 4104. Follow her on Twitter and on Facebook.

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