| The Ben Franklin Technology Partners of Southeastern PA approved more than $2 million in 11 Pennsylvania companies. Companies receiving funding are:
Apptastics
Fort Washington
Approved investment: $125,000
Apptastics delivers social media solutions that help brands leverage the full potential of the Internet to drive sales, reduce cost and grow their business.
Aviom
West Chester
Approved Investment: $250,000
Aviom offers a full line of distributed audio and audio networking products, powered by A-Net®, Aviom's revolutionary digital audio networking technology.
BioNanomatrix
Philadelphia
Approved Investment: $400,000
BioNanomatrix is developing revolutionary analytic and imaging platforms designed to dramatically reduce the time and cost needed to analyze DNA and other components of the genome. Ben Franklin previously invested $250,000.
Healthy Humans
Wayne
Approved Investment: $150,000
Healthy Humans has developed a web site to help people with chronic illness improve their health and manage their disease. Ben Franklin previously invested $150,000.
Larger Than Life Prints
Philadelphia
Approved investment: $75,000
Larger Than Life Prints (LTL) is an online printing company that allows customers to upload any image they would like onto its web site, and indicate the size of the print they would like produced. From there, LTL Prints will produce the image on an easily removable adhesive sheet, made of a tear-resistant, resilient cloth material.
Niiki Pharma
Philadelphia
Approved investment: $250,000
Niiki Pharma is a cancer drug development company whose drug candidates use mechanisms of action that differ from any other cancer treatment currently in widespread use. Ben Franklin previously invested $500,000.
Onconova Therapeutics
Newtown
Approved investment: $250,000
Onconova is developing innovative products for combating cancer. They are creating novel Solutions for Oncology by combining conventional pharmaceutical science (a small molecule approach) with the latest genomic and genetic technologies for drug discovery and development. Ben Franklin previously invested $250,000.
Pay Parade
Fort Washington
Approved Investment: $75,000
PayParade promises to revolutionize online shopping by allowing shoppers to more easily interact with their peers to discuss and rate possible purchases, organize group giving efforts, seek gift-giving advice, and more.
Spectrum Devices Corporation
Hatfield
Approved investment: $120,000
Spectrum Devices is a manufacturer of silicon RF power transistors used in applications ranging from microwave radar arrays to radio communications. The company will provide a continuing supply of these critical, legacy, consumable parts to commercial and military customers.
Syandus
Exton
Approved investment: $150,000
Syandus has developed unique next generation medical simulations to help doctors better learn to diagnose and manage diseases.
Versify Solutions
Chadds Ford
Approved investment: $200,000
Versify offers a unique portfolio of analytical tools and services that provide key and valuable insights into generation performance and trading market opportunities. Ben Franklin previously invested $250,000. |