Ben Franklin Technology Partners of Central and Northern PA

About The Fund

Ben Franklin Technology Partners of Central & Northern PA is a government organization based in State College, Pennsylvania, specializing in startup funding and support for technological innovation. They focus on investing in IT, TMT, Media, BioTech, FinTech & Financial Services, Energy, Material Science, and Medical Devices & Hospital Services. With a multi-faceted approach that includes debt and equity investments, this fund is a catalyst for early-stage companies in the seed, startup, and expansion phases. They offer essential seed and risk capital to fuel the growth of startups and small manufacturers and draw additional follow-on funding to launch new products, services, and processes. Their comprehensive support extends to mentoring and expertise in areas such as market research, accounting, and human resources. A key component of their mission is to cultivate a robust entrepreneurial ecosystem, which they achieve by connecting entrepreneurs to a network that includes universities, mentors, investors, and a vibrant community of innovators. Their noteworthy programs include the TechCelerator business boot camp, AgeTech contests, and the Ben Franklin Learning Center, aiming to refine business models, provide knowledgeable insights, and keep entrepreneurs informed on various business management topics. They pride themselves on fostering technological enterprise and promoting innovation across Central and Northern Pennsylvania. The fund is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority. They are committed to diversity in entrepreneurship and encourage participation from individuals of varied backgrounds and experiences.