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Ben Franklin to Invest $700,000 in Early-Stage Companies.


LEHIGH VALLEY The Lehigh Valley or the Allentown-Bethlehem-Easton, PA-NJ metropolitan area is a metropolitan region in eastern Pennsylvania and western New Jersey, in the United States. It is the third-most populated metropolitan region in Pennsylvania, after Philadelphia and Pittsburgh. , Pa. -- The Ben Franklin Technology Partners of Northeastern Pennsylvania This mountainous area of Pennsylvania includes the Pocono Mountains, the Endless Mountains and former anthracite coal mining cities and towns, including Carbondale, Scranton, Pittston, Wilkes-Barre, Nanticoke and Hazleton. U.S. Presidents Harry Truman and George W.  (BFTP/NEP) board approved investments of $700,000 with four early stage technology companies and two initiatives in support of the region's business infrastructure. BFTP/NEP is a state-funded economic development organization that links early-stage technology companies and established manufacturers with experts, universities, funding, and other resources to help them prosper through innovation.

BFTP/NEP plans to invest in the following early stage companies:

American Outsourcing Solutions, Dallas, PA

Investment: $150,000

Complete development of software tools for outsourced print and e-commerce advertising production for the newspaper and magazine industries. The program can save customers substantially in production costs, thereby increasing advertising profitability.

Market Reader Pro, Fogelsville, PA

Investment: $150,000

Continue to commercialize new, proprietary survey and other reporting tools for use in consumer market research. Utilizing the Internet and innovative technology solutions, the company enables clients to enjoy quick or real-time customer-sourced information turnaround for timely and reliable market analysis at a competitive cost. Market Reader Pro's client roster includes numerous Fortune 500 companies.

Solid Cactus, Inc., Wilkes-Barre, PA

Investment: $150,000

Continue development and commercialization of proprietary software for an e-commerce application directed to Yahoo! Merchant Solutions Store and other major e-commerce platforms. This "Feed Perfect[R]" software tool allows e-commerce stores to operate more profitably through comprehensive analysis of product inquiries and sales.

Surface Chemistry Discoveries, Inc., Bethlehem, PA

Investment: $150,000

Develop low-cost and novel surface preparation and cleaning chemistries for the semiconductor manufacturing industry. The main target markets are integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for  and liquid crystal display liquid crystal display (LCD)

Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light.
 fabrication fabrication (fab´rikā´shn),
n the construction or making of a restoration.
 plants, as well as various nanotechnology industries.

Ben Franklin announces the following investments in northeastern Pennsylvania's business infrastructure:

Southside Bethlehem Keystone key·stone  
n.
1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone.

2. The central supporting element of a whole.
 Innovation Zone, Bethlehem, PA

Investment: $25,000

Continue financial support of the Southside Bethlehem Keystone Innovation Zone. KIZs provide seed grants to early stage technology companies and bring them close to colleges and universities, supporting student internships and technology transfer. This helps attract new technology companies to the region.

Thermoforming Center of Excellence, Pennsylvania College of Technology Pennsylvania College of Technology, or Penn College, is a small university located in Williamsport, Pennsylvania. Affiliated with The Pennsylvania State University, the school offers more than 100 certificate, associate and baccalaureate degree programs in fields like , Williamsport, PA

Investment: $75,000

Building on the success of the Rotational Molding Rotational molding or moulding is a versatile process for creating many kinds of mostly hollow plastic Parts. The phrase is often shortened to rotomolding or rotomoulding.  and Plastics Manufacturing Centers at Penn College Penn College may refer to two universities in the United States:
  • The William Penn University, a private university in Iowa previously called Penn College.
  • The Pennsylvania College of Technology, a university affiliated with the Pennsylvania State University whose name
, both of which are Centers of Excellence, develop a Thermoforming Center of Excellence at Penn College. Begin to form relationship networks among companies and academic institutions in the thermoforming industry, and assess educational needs in the industry.
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Publication:Business Wire
Date:Jun 3, 2008
Words:398
Previous Article:BJ'S Restaurants, Inc. to Present at the Following Conferences in June and July.
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