Published December 24. 2013 11:00PM
The Ben Franklin Technology Partners of Northeastern Pennsylvania Board of Directors has approved the investment of $342,378 in support of regional economic development.
Ben Franklin announces the following early-stage company investments that are provided to clients in the form of loans. Here are companies in the Lehigh Valley Press circulation area:
Cerora Inc., Ben Franklin TechVentures, Bethlehem. Ben Franklin Investment: $100,000. Finalize software and hardware, and commercialize a cloud-based, medical-grade, neuro-diagnostic solution.
Cerora makes real-time neuro-diagnostic information available to non-specialists in the field. The company's first device under development is a portable electroencephalogram (EEG) brain wave biosensor that measures and records the electrical activity of the brain.
Rapid diagnosis of brain injuries and disease can lead to early and more effective interventions, yielding cost savings, improved clinical outcomes and increased patient satisfaction for people with concussions-Traumatic Brain Injury, Parkinson's disease, Alzheimer's disease, and other neurologic and psychiatric conditions.
There are no easy-to-use, portable and accurate neuro-diagnostics available to physicians, nurses, first responders and certified athletic trainers.
Skaffl, LLC, Allentown, Lehigh County. Ben Franklin Investment: $50,000. Complete development of Braket, a new mobile application through which teachers and students can exchange class materials, assignments, completed homework, assessments, and grades.
This digital application capitalizes on the exponentially growing use of iPads in K-12 classrooms and the needs of teachers as they develop tools and curricula to enhance real-time educational interaction.
There are no other applications that address these needs comprehensively while also being simple to use for students, teachers and administrators.