3 Chester County companies get Ben Franklin funding

Three Chester County companies were among 16 in the region to receive funding commitments from the Ben Franklin Technology Partners of Southeastern Pennsylvania.

The three early-stage companies will receive more than $675,000 in total investments.

They are:

• ESS Energy Products of Paoli, a privately owned business that produces and sells proprietary energy saving niche products in the home performance and new construction markets, $275,000.

• Makaha Medical of Pottstown, a medical device company focused on intra-vascular diagnostics, $250,000.

• TuvaLabs of Chester Springs, which offers a data literacy training platform that makes data and statistics accessible and usable for data novices and learners around the world, $150,000.

Arcadian Telepsychiatry in Montgomery County, Advent Therapeutics in Bucks County and 11 Philadelphia companies were also funded for a total of $2.1 million, the organization based in the Philadelphia Navy Yard said in its first fiscal quarter report.

“Investing in emerging Pennsylvania businesses is investing in our economic future,” said state Sen. Andrew Dinniman, D-19th of West Whiteland. “The success and growth of innovative and promising companies will strengthen our economic base while increasing our tax base and providing jobs in related fields.”

Read the full article here.

Previous

Next