Five area efforts among those receiving Ben Franklin funding
Midstate efforts to develop a new treatment for diabetic-related dry-eye syndrome and another to create an alternative to leather are among those to receive funding from a State College-based early-stage investor.
Five regional projects are among those approved for investments by Ben Franklin Technology Partners of Central and Northern PA, the partnership announced this week.
Its board of directors approved investments totaling nearly $1.4 million for 13 startups in the center’s 32-county footprint. Locally, they include:
- Ocunova, of Harrisburg, which developed the new therapeutic treatment for diabetic-related dry-eye syndrome, which can result in corneal damage if not corrected, Franklin officials said.
- Sustainable Composites LLC, of Lancaster, which uses a proprietary technology to extract leather fibers from tannery waste. The result is a sustainable composite material that can be used as a smart alternative to leather.
- Benefix LLC, also of Lancaster, which developed a platform that automates and simplifies the process used by brokers to sell and enroll benefit products online.
- Share Tempus Inc., of York, which developed a patent-pending product that enables property protection for owners and renters in the sharing economy, Franklin officials said.
- CRIMEWATCH Technologies Inc., of Carlisle, which developed a technology that distributes information into geo-targeted communities using a connected network of controlled websites, social media sites, mobile apps and TV kiosks.
The Franklin group, an initiative of the state Department of Community and Economic Development, provides funding, operational assistance and business-support services to emerging tech-based companies and small, existing manufacturers with the goal of creating and retaining jobs in Pennsylvania.