Since beginning operation, BFTP/NEP has helped to create 14,301 new jobs for Pennsylvania workers and retain 21,236 existing jobs, to start 408 new companies, and to develop 948 new products and processes.
BETHLEHEM, Pa.--(BUSINESS WIRE)--The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors approved the investment of $304,100 in support of regional economic development. BFTP/NEP is an award-winning, state-funded economic development organization that links early-stage technology firms and established companies with experts, universities, funding, and other resources to help them prosper through innovation.
Since beginning operation, BFTP/NEP has helped to create 14,301 new jobs for Pennsylvania workers and retain 21,236 existing jobs, to start 408 new companies, and to develop 948 new products and processes.
BFTP/NEP announces the following early-stage company investments:
Lazarus Therapeutics, Bethlehem -- $100,000
Conduct further
pre-clinical testing for a new drug candidate for the treatment of
Parkinson’s disease. This is being completed in preparation for an
Investigational New Drug filing. The company will also research the
application of this medication to other traumatic or degenerative
neurologic conditions.
LMC
Software Solutions, Morgantown -- $100,000
Assist
LMC Software Solutions in the launch of its new software platform that
supports information technology staff dealing with problems within their
companies. 24/7 monitoring and log trails are built in, providing
complete audit and compliance functions. Called Enterprise Technical
Support Center (ETSC), this platform improves productivity and service
availability at a reduced cost.
Viddler,
Inc., Ben
Franklin TechVentures, Bethlehem -- $25,000
Continue
commercializing Viddler's on-line video enhancement, distribution, and
sharing platform which consumer and commercial customers use to engage
their clients and build their brand recognition on-line. Viddler offers
the only platform that allows in-line text or video commenting, which
has been proven to increase the amount and duration of a video’s
viewership. Further develop the current version for business and serious
videographers.
BFTP/NEP announces the following established manufacturer company investments.
Ashland Foundry and Machine Works, Ashland -- $32,850
College
Partner: Northampton Community College’s Emerging Technology
Applications Center
Assess Ashland’s current energy consumption to
identify ways to reduce usage and energy inefficiencies, and thereby
decrease operating costs. Ashland manufactures pump components from high
alloy castings.
Hitachi
Metals, Lawrenceville -- $36,250
University Partner:
The Pennsylvania State University
Develop a collagen-based core
binder system that can displace the phenolic urethane and resin binders
now used at this ductile iron caster. This binder system will reduce
emissions and energy consumption, allowing the foundry to increase
production and profits.
BFTP/NEP announces the following special initiative investment.
Pennsylvania
College of Technology Thermoforming Center, Williamsport --
$10,000
College Partner: Pennsylvania College of Technology
Building
on the success of two Plastics Centers of Excellence at the Pennsylvania
College of Technology, develop a Thermoforming Center of Excellence. The
Center is developing relationship networks among companies and academic
institutions in the thermoforming industry, and assessing educational
needs in industry.
