The Ben Franklin Technology Partners of Northeastern Pennsylvania has released its latest round of investments, with $671,000 going to a number of early stage companies and established manufacturers in the region.
Ben Franklin has made the following early-stage company investments that are provided in the form of loans:
Care Technology Solutions LLC, which is in TechVentures in Bethlehem, will receive $100,000 to complete development of an infrastructure to greatly expand marketing and sales efforts for Care Technology Solutions’ platform.
The software platform is for patient interaction with health care providers. It addresses the needs of patients with chronic diseases and other at-risk individuals who wish to stay at home during treatment while engaging with care teams to reduce emergency room visits and hospitalizations.
Ethnic Beauty LLC of East Stroudsburg will receive $65,000 to complete the formal launch of an e-commerce platform, EnchantedLife.com, which features personal care and wellness brands targeted to multicultural consumers.
Grovara LLC, which is in TechVentures in Bethlehem, will receive $100,000 to develop a web-based platform to permit rapid scale-up for its business-to-business e-commerce portal that facilitates international distribution of “Made in the USA” natural foods, beverages and other fast-moving retail packaged consumer goods.
MindMe Inc., which is in TechVentures in Bethlehem, will receive $65,000 to expand commercialization of a web-based marketing and business productivity platform designed for small businesses and solo entrepreneurs.
Orbweaver Sourcing LLC, which is in TechVentures in Bethlehem, will receive $100,000 to complete an e-commerce solution for its cloud-based software platform for electronic component distributors.
Ben Franklin has also made established-manufacturer company investments. Ben Franklin provides 1-to-1 matching funding for work with a college or university partner on technology-based manufacturing innovation in established manufacturers.
ABEC Inc. of Bethlehem will receive $10,000 to partner with Lehigh University to complete implementation of a new enterprise resource planning system at this producer of innovative and specialized materials for burn and wound care and aesthetic skin care.
East Penn Manufacturing Corp. of Lyons Station will receive $25,000 to partner with Northampton Community College to analyze recycling at East Penn, especially as it relates to the growing need for new battery technology because of the growth in the hybrid electric vehicle market and other alternative energy uses.
Investments were also made in Lackawanna and Luzerne counties.