Ben Franklin Techn invests $519,984
The Ben Franklin Technology Partners of Northeastern Pennsylvania’s Board of Directors has approved the investment of $519,984 in support of regional economic development.
The following are firms located or with associations in Lehigh Valley Press circulation areas.
Ben Franklin announces the following early-stage company investments that are provided to clients in the form of loans.
Eventuosity, Ben Franklin TechVentures, Bethlehem.Ben Franklin Investment: $100,000. Complete software work and augment marketing efforts for Eventuosity’s cloud-based, scalable software application for event organizers, exhibition marketers and meeting planners. The company’s software supports event managers from planning, to registration, to post-event reporting and return-on-investment analysis. The software allows organizers to focus on the strategic aspects of their events, such as sales lead generation, brand promotion, education and advocacy.
MindMe, Inc., Ben Franklin TechVentures, Bethlehem.Ben Franklin Investment: $50,000. Complete testing and beta launch of MindMe Solo, a new mobile marketing and business tool for small and independent businesses. MindMe’s mobile app combines multi-channel email, text and voice communication. The app offers contact and list management and facilitates lead capture via phone, text and web. It will expand to include scheduling, check-in, loyalty and payment processing.
Ben Franklin announces the following established manufacturer company investments, providing 1:1 matching funding for work with a college or university partner on technology-based manufacturing innovation in established manufacturers.
JED Pool Tools, Inc.,Scranton, Lackawanna County. Ben Franklin Investment: $9,984. University Partner: Lehigh University Enterprise Systems Center. Formalize organizational structure to enhance productivity and prepare the company for new business opportunities. JED Pool Tools manufactures pool and spa maintenance equipment as well as provides plastic fabrication toll manufacturing through its custom injection molding division, Northeastern Plastics. As the only domestic producer of its line, JED is vertically integrating to address international competition and promote reshoring initiatives.
Rea.deeming Beauty, Inc., Bethlehem.Ben Franklin Investment: $25,000. University Partner: Lehigh University Enterprise Systems Center. Streamline manufacturing and shipping approaches by implementing new automation techniques and more efficient assembly processes at Rea.deeming Beauty, manufacturer of the award-winning elliptical-shaped beautyblender makeup applicator. Rea.deeming supplies high-quality products for the beauty, professional and retail markets. This work will improve the company’s ability to meet a steep increase in consumer demand, reduce lead times and enhance production and fulfillment capabilities.