Northeastern Pennsylvania -
The Ben Franklin Technology Partners of Northeastern Pennsylvania's (BFTP/NEP) Board of Directors has approved the investment of $485,000 in support of regional economic development. A total of 11 companies and 12 business incubators from throughout BFTP/NEP's 21-county service area received funding.
BFTP/NEP announces the following early-stage company investments, which are provided in the form of loans with warrants.
Build My Team, LLC
The Stourbridge Project, Honesdale, Wayne County
Ben Franklin Investment (continuation project): $100,000
Support marketing and lead generation for this Software-as-a-Service job placement tool. Build My Team uses online assessments to determine an applicant's match and aptitude for each role. This streamlines the hiring managers' work in reviewing resumes and interviewing candidates. It also reduces turnover, which is beneficial to both the employer and the employee. The platform is initially targeting the staffing needs in medical and dental practices and can be used to benefit any size company.
DetectBee, Inc.
Bethlehem, Northampton County
Ben Franklin Investment: $50,000
Complete development of and commercialize DetectBee's MVP Software-as-a-Service platform that allows users to detect cybersecurity vulnerabilities in their both their own systems and that of their suppliers. DetectBee protects supply chains by building stronger suppliers.
Digital Balance
Scranton, Lackawanna County
Ben Franklin Investment: $100,000
Support development and launch of technology enhancements at this Software-as-a-Service solution for health and wellness practitioners. Digital Balance helps holistic practitioners grow with full-service website design, marketing, and business coaching services, as well as exclusive technology to build successful lead funnels. The holistic health industry has experienced a six-fold increase since 2012 and Digital Balance helps practitioners grow with it.
Heudia Health, LLC
East Stroudsburg, Monroe County
Ben Franklin Investment (continuation project): $25,000
Expand business development initiatives, complete software enhancements, and optimize inbound sales processes for multiple markets. Heudia Health is a technology-driven healthcare company that empowers individuals to live healthier, more productive lives using a cloud-based, network-forming framework designed to connect low-income individuals with the optimum set of attainable health, social service, education, and economic services.
MDS Link, Inc.
Ben Franklin TechVentures, Bethlehem, Northampton County
Ben Franklin Investment (continuation project): $15,000
Complete development of a simple, inexpensive, and patented solution that significantly increases data transport capacity using existing coax cable. There is a growing market need for greater data transmission bandwidth to homes and apartments. Broadband operators can deploy MDS Link's small form-factor pluggable (SFP+) device using existing coax cable systems, delivering massive increases to “last mile” bandwidth in less time and with dramatically lower cost than “fishing” new fiber lines through buildings.
studio BE Mindfulness, LLC
Wilkes-Barre, Luzerne County
Ben Franklin Investment (continuation project): $40,000
Develop studio BE's corporate landing page to become the client's private and secure end-to-end well-being platform, integrating studio BE content with each client's current wellness programming. studio BE leverages a web interface to utilize proprietary, scientifically-proven mindfulness techniques to empower employees to increase productivity, reduce stress, improve interpersonal communication, and strengthen resilience.
BFTP/NEP announces the following infrastructure initiatives, which are provided in the form of grants, to twelve regional incubators in the Ben Franklin Business Incubator Network.
Ben Franklin Business Incubator Network
https://nep.benfranklin.org/ben-franklin-business-incubator/
Berks, Lackawanna, Lehigh, Luzerne, Monroe, and Wayne counties
Ben Franklin Investment: $60,000; 12 incubators at $5,000 each
BFTP/NEP's leadership in business incubation is national in scope, and Ben Franklin TechVentures, at which BFTP/NEP is headquartered, has earned two international Incubator of the Year Awards for best practices. BFTP/NEP also owns and manages the Bloomsburg Regional Technology Center. With a total of 14 members, the Ben Franklin Business Incubator Network is among the largest of its kind in the world. Ben Franklin staff support network members through meetings, advising, and serving on incubator boards. This year, twelve incubators received funding to support operations:
