The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) announced Monday that it has awarded approximately $1.4 million in emergency investments to protect existing portfolio clients impacted during the COVID-19 crisis.
The investments were part of BFTP/NEP’s Portfolio Protection Investments within its Return to Health funding program. Funds were provided through a $1 million disbursement from the Pennsylvania Department of Community and Economic Development (DCED) that was matched by BFTP/NEP.
Under their Return to Health program, BFTP/NEP also invested $404,370 in 17 established manufacturers with support from DCED.
Specifically, Portfolio Protection Investments will help secure BFTP/NEP’s existing investments in pre-COVID-19 viable and growing early-stage clients. The funding is provided to the start-ups as a zero percent loan.
The early-stage, technology-based firms within BFTP/NEP’s 21-county service area receiving funding include:
Pittsburgh-based Gecko Robotics announced it and Al Masaood Energy had entered into a multi-year contract…
Carlisle Companies, a supplier of building envelope products and solutions for energy efficiency, plans to…
The Pennsylvania Department of Environmental Protection (DEP) recently presented Pittsburgh-based United States Steel Corp. with…
The Pennsylvania Senate on Wednesday approved a Republican-led bill to establish a sweeping, new energy…
Canonsburg-based Vision RNG, a developer, owner, and operator of landfill gas to renewable natural gas…
On Monday, Bethlehem-based Ilico Genetics was named the winner of Ben Franklin Northeast’s Venture Idol.…
This website uses cookies.