Ben Franklin TechVentures Dedicated to Paul Family
“Chad was the singular driving force in creating this remarkable facility,” said Beste. “It took great foresight and courage to put up a building in this economic climate. Chad’s vision and tenacity catalyzed its development, and he motivated, inspired, and led the team that together made it a reality.”
Ben Franklin TechVentures2, which opened on October 20, 2011, is a 47,000 square-foot addition to the original Ben Franklin TechVentures business technology incubator. Located on Lehigh University’s Mountaintop campus, it includes wet labs, office/meeting space, and a new parking garage.
The new facility is projected to create as many as 200 sustainable, highly paid technology jobs and retain 100 more jobs at new start-up companies in its first three years. It will also provide job and internship opportunities for up to 20 university students each year. Twenty-nine early-stage firms, employing 158 people, are currently located in Ben Franklin TechVentures. Since 1983, the Ben Franklin Business Incubator and TechVentures have graduated 52 successful companies, grossing more than $408 million in annual revenue, and creating more than 4,700 jobs.
Ben Franklin TechVentures2 was designed for Leadership in Energy and Environmental Design (LEED) certification. The facility has a photovoltaic solar array on its rooftop and the latest energy management and light-harvesting technologies manufactured by Coopersburg, PA-based Lutron Electronics integrated throughout the building.
The Ben Franklin Technology Partners of Northeastern Pennsylvania, which owns and manages Ben Franklin TechVentures, received a $6 million grant in September 2009 to expand Ben Franklin TechVentures that was funded by the American Reinvestment and Recovery Act through the US Commerce Department’s Economic Development Administration (EDA). This grant, combined with other federal and state grants, Ben Franklin funding, and private contributions, allowed Ben Franklin to proceed with the necessary expansion, which cost $18 million. The expanded Ben Franklin TechVentures will improve Ben Franklin’s ability to provide resources, workspace, and hands-on support to early-stage technology companies, and generate new jobs.
TechVentures recently won first-place national honors in the US EPA 2011 ENERGY STAR Challenge with a projected reduction in carbon dioxide emissions of 51%. This August, Ben Franklin TechVentures was selected as one of “10 Startup Incubators You Need to Watch” by Inc.com, and was recognized by portfolio.com for providing comprehensive services to start-ups and creating jobs. In October, Ben Franklin TechVentures2 won the Pennsylvania Economic Development Association Project of the Year award. The Ben Franklin Business Incubator was named National Business Incubator of the Year by the National Business Incubation Association in 2001.
Ben Franklin TechVentures2 brings together entrepreneurs, Ben Franklin staff, and Lehigh faculty and students to accelerate the growth of the region’s technology economy. The Ben Franklin team will continue to support TechVentures resident companies with management guidance, business planning, strategic planning, and marketing counsel; connections to angel investors and venture capitalists; and assistance in preparing and perfecting funding presentations. The facility provides an entrepreneurial culture that fuels innovation; shared basic office services and access to equipment, conference and meeting rooms; high-speed Internet; and other amenities.
Ben Franklin will share its new Innovation Institute meeting, learning, and conference facilities space with local corporate partners and programs. “Ben Franklin TechVentures will pay dividends to our region in the form of the creation of countless high-quality jobs in the years to come,” added Beste. “The Lehigh Valley business community is profoundly grateful for Chad’s incredible drive and persistence.”
Ben Franklin Technology Partners of Northeastern PA is part of a four-center, state-funded economic development network that has been recognized nationally and internationally as a model program.
Ben Franklin Technology Partners of Northeastern PA
125 Goodman Drive
Bethlehem, PA 18015
Laura Eppler, Director of Marketing
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ben Franklin TechVentures Dedicated to Paul Family here
News-ID: 202676 • Views: 1714
More Releases from Ben Franklin Technology Partners of Northeastern PA
Ben Franklin to Invest $136,000 in Regional Economic Development
The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors has approved the investment of $136,000 in support of regional economic development. BFTP/NEP’s goal is to help lead northeastern Pennsylvania to a better economic future by building partnerships that develop and apply technology for competitive advantage. To achieve this goal, Ben Franklin staff concentrate their efforts on three key areas: 1. developing and growing early-stage technology-based companies, 2. helping established manufacturers creatively
Ben Franklin Technology Partners Creates/Retains 904 Jobs in 2013
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) has reported that 904 northeastern Pennsylvania jobs were created or retained as a result of its work in 2013. These results were accomplished in the organization’s 21-county service area, including Berks, Bradford, Carbon, Columbia, Lackawanna, Lehigh, Luzerne, Lycoming, Monroe, Montour, Northampton, Northumberland, Pike, Schuylkill, Snyder, Sullivan, Susquehanna, Tioga, Union, Wayne, and Wyoming counties. Impact results are a summation of the accomplishments of
Pivitec Wins Ben Franklin Venture Idol
First Northeastern PA-Based Crowdfunding Event Pivitec, LLC won Ben Franklin Venture Idol, hosted by the Ben Franklin Technology Partners of Northeastern Pennsylvania on Thursday, November 21. The event was held at the Innovation Institute in Ben Franklin TechVentures®, the award-winning technology incubator/post-incubator on Lehigh University’s Mountaintop Campus. Ben Franklin Venture Idol is like a cross between Shark Tank® and American Idol®, but with entrepreneurs and investors instead of vocalists and
Ben Franklin Hosts PA House Manufacturing Caucus
The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) hosted the Pennsylvania House Manufacturing Caucus at its Ben Franklin TechVentures® headquarters on Lehigh University’s campus on Thursday afternoon, November 14. More than a dozen elected officials and state dignitaries toured the award-winning, technology-based incubator/post-incubator facility, stopping at resident company XiGo Nanotools and post-incubator client Saladax Biomedical. Guests then traveled to successful Ben Franklin alumni clients IQE and OraSure Technologies at
More Releases for TechVentures
Ben Franklin TechVentures Wins Sustainability Award
The Ben Franklin Technology Partners of Northeastern Pennsylvania has announced that the expansion of its Ben Franklin TechVentures® (BFTV) business incubator/post incubator facility has won a Lehigh Valley Sustainability Award, private project category, from the Delaware Valley Green Building Council (DVGBC). Selected from among four finalists, BFTV was honored as an example of sustainable facility design, construction, and management practices. In May 2013, the TechVentures expansion earned a Leadership in
Ben Franklin Hosting Lehigh Valley Tech Radio Broadcast
In support of regional entrepreneurship, Ben Franklin TechVentures® began hosting the broadcast of LVTech Radio, a twice-monthly live radio show. Presented by Lehigh Valley Tech, the show features lively discourse about new technologies that are being developed in the Lehigh Valley and worldwide. Prior episodes of the show are online at http://radio.lehighvalleytech.org. Host Tim Lytle and co-hosts Anthony Durante and Mark Koberlein began broadcasting from Ben Franklin TechVentures on
Ben Franklin TechVentures Hosts StartUp Weekend
In support of regional entrepreneurship, Ben Franklin TechVentures® hosted Lehigh Valley Startup Weekend on November 2-4, 2012. Startup Weekend is a 54-hour, hands-on experience where entrepreneurs and aspiring entrepreneurs gather and develop ideas to determine if start-up ideas are viable. The Lehigh Valley event, at which100 participants, coaches, and organizers spent their weekends, was organized and presented by Lehigh Valley Tech. Beginning with a pitch-fire session on Friday evening, attendees brought
Governor Corbett Visits Award-Winning Ben Franklin TechVentures Business Incubat …
Governor Corbett praises Ben Franklin the impact on Job Creation in the Northeast. Bethlehem – Governor Tom Corbett today toured the Ben Franklin Partners’ TechVentures facility, a highly successful business incubator located at Lehigh University that has helped to launch dozens of start-up companies that support thousands of jobs in Pennsylvania. “My administration has been happy to partner with Ben Franklin and TechVentures to create the innovative, high-tech and high-wage jobs that
Ben Franklin TechVentures Wins International Award
The National Business Incubation Association (NBIA) named Ben Franklin TechVentures®the 2012 Randall M. Whaley National Incubator of the Year on May 8 at NBIA’s International Conference on Business Incubation in Atlanta. Ben Franklin TechVentures also won the Dinah Adkins Incubator of the Year, Technology Focus at the NBIA event. Ben Franklin TechVentures is owned and managed by the Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) on Lehigh University’s Mountaintop
Ben Franklin TechVentures Named to Inc. Website's Top-10 List
Ben Franklin TechVentures®, owned and operated by the Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) has been selected as one of "10 Startup Incubators You Need to Watch" by Inc.com. The Ben Franklin Business Incubator (BFBI) program, Bethlehem, PA, has graduated 48 successful early-stage technology companies which together gross more than $408 million in annual revenue and have created 4,500 jobs. It is currently undergoing an expansion, Ben Franklin