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Ben Franklin Tech Partners makes $485,000 in investments
Stacy Wescoe//March 16, 2021//
Listen to this articleA number of Greater Lehigh Valley businesses were among those sharing a part of $485,000 in investments from the Ben Franklin Technology Partners of Northeastern Pennsylvania.
DetectBee Inc. of Bethlehem received $50,000 to develop its software-as-service platform that helps protect supply chains by detecting cybersecurity vulnerabilities in both their own systems and their suppliers’.
Heudia Health LLC of East Stroudsburg, the technology driven healthcare company that helps connect low-income individuals with health, social service, education and economic services, received $25,000 to develop initiatives, complete software enhancements and optimize its inbound sales.
ProdHealth Inc. of Bethlehem received $25,000 to complete the transition of the company’s health and wellness platform from a web-based site to a downloadable app.
Thread Bioscience of Bethlehem, received $25,000 to help commercialize CultureStat, its patented diagnostic test for urinary tract infections.
Ben Franklin has also awarded 1:1 matching funds for a number of established manufacturers to work with a college or university partner on technology-based innovations.
Chemical distributor, Brenntag Northeast Inc. of Reading received $10,000 to work with Lehigh University’s Enterprise Systems Center to improve warehouse and operating efficiencies at its plant.
Medical respiratory equipment manufacturer Precision Medical Inc. of Northampton received $25,000 to work with Lehigh University’s Center for Supply Chain Resource to implement an enterprise resource planning system to improve operational effectiveness.
Aluminum flatbed and drop deck trailer manufacturer, Reitnouer Inc of Birdsboro received $15,000 to work with Lehigh University’s Center for Supply Chain Research to implement productivity improvements to reduce manufacturing costs.
Ben Franklin has also provided $60,000 in funding to 12 incubators, which each received $5,000.
Among the recipients was the Bridgeworks Enterprise Center in Allentown; the East Stroudsburg University Innovation Center in East Stroudsburg and the O’Pake Institute for Economic Development and Entrepreneurship at Alvernia University in Reading.
