Ben Franklin Technology Partners of Northeastern Pennsylvania

Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) is a prominent, state-funded economic development organization dedicated to fostering innovation and economic growth within Northeastern Pennsylvania. Established as part of a broader state initiative, BFTP/NEP's core mission revolves around providing critical support to early-stage technology firms and established manufacturers. This support encompasses not only financial capital but also essential knowledge and infrastructure, aiming to accelerate the development of new products and processes. The organization acts as a vital catalyst, bridging the gap between promising ventures and the resources needed to thrive in a competitive market.

BFTP/NEP's investment strategy is primarily focused on providing seed capital to companies poised for significant technological advancement or product innovation. Their typical first cheque sizes are designed to provide crucial early-stage funding, generally ranging from $50,000 to $250,000. This targeted financial assistance helps companies overcome initial hurdles, validate their concepts, and move towards commercialization. Beyond direct investment, BFTP/NEP also offers a robust network of expertise, mentorship, and access to resources, which are invaluable for the growth trajectory of its portfolio companies.

With a long-standing history dating back to 1983, Ben Franklin Technology Partners of Northeastern Pennsylvania has demonstrated a profound and measurable impact on the region's economy. Over the decades, the organization has invested more than $200 million into over 2,000 regional technology companies and manufacturers, showcasing its extensive reach and commitment. These investments have translated into significant job creation and business formation, with BFTP/NEP contributing to the establishment of 500 new companies and the creation of 20,000 jobs within Northeastern Pennsylvania. This consistent track record underscores its role as a cornerstone of the regional innovation ecosystem.