RoseAnn B. Rosenthal, President, CEO and member of the Board of Directors of Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP) since 1996, has over forty years of experience in business investment, regional planning, and economic development. Praised by regional leaders as an invaluable resource for the tri-state area, she has earned a strong international reputation with her development of innovative partnerships and extraordinary initiatives.
Rosenthal has significantly enhanced Ben Franklin’s investment, technology commercialization, and business service initiatives, creating initiatives that have brought the organization national and international recognition. With a current portfolio of over 130 technology companies, BFTP continues to build upon its proven track record of seeding hundreds of southeastern Pennsylvania’s technology leaders across all areas of technology. Since 1983, BFTP has worked with over 1750 regional technology enterprises, many of which have become leaders in the region’s growing technology sector. It provided over $165 million in seed capital to companies that went on to raise billions of follow on capital.
Today, BFTP manages the investment of both public and private funds in emerging and growing technology enterprises. In addition, Rosenthal worked with BFTP partners across the Commonwealth and the Greater Philadelphia Alliance for Capital and Technology (PACT) to secure passage, in 2013, of Innovate in PA, a new state initiative that will provide $85Million for early stage investment.
Rosenthal has led and supported initiatives to stimulate angel investment in early stage technology companies including efforts focused on women- and minority-owned technology enterprises, and she championed BFTP’s engagement and investment in innovative regional accelerators and incubators, among them Dreamit Ventures, the PA Biotechnology Center of Bucks County and Project Liberty. She led BFTP’s effort to create the Emerald Stage2 Venture Fund and continues to focus on new capital formation strategies.
Rosenthal’s leadership and alliance-building attributes proved invaluable in 2000 as BFTP partnered successfully with the University of Pennsylvania and Drexel University to create the Nanotechnology Institute™. The NTI has secured over $23 million from the Commonwealth of Pennsylvania and has leveraged almost $300 million in federal research grants and corporate support. It engages 13 regional research and education institutions and has attracted national recognition for its multi-disciplinary, multi-institutional, research to commercialization approach and has become a model for similar regional partnerships including the Energy Commercialization Institute (ECI), launched in 2009 and the EEB HUB.
Rosenthal worked with PA’s Dept of Community & Economic Development to design the state’s $40 million Alternative Energy Development Program (AEDP). In Southeastern PA, AEDP supported work to coalesce and leverage the Greater Philadelphia Region’s significant energy assets. Rosenthal took the first step in this strategy in 2007, when she partnered BFTP to develop the Building 100 Innovation Center at the Philadelphia Navy Yard, a catalyst for the formation of new enterprises and commercialization partnerships, particularly in physical sciences, engineering and energy. In 2010, the US DOE, with other federal agencies, awarded the Greater Philadelphia Innovation Cluster $130M to create a national Energy Efficiency Hub at the Philadelphia Navy Yard. BFTP was one of the lead partners in this effort and continues to support its business development and commercialization functions. Rosenthal serves on the EEB HUB Executive Board.
Rosenthal garnered 18 years of her economic development experience at the Philadelphia Industrial Development Corporation (PIDC). As Senior Vice President for Strategic Development, she launched regional initiatives including the Southeast Pennsylvania Export Consortium, now the World Trade Center of Greater Philadelphia, and was a leader of Strategy 21 that coalesced regional economic development organizations around a framework for growth. As a member of the City’s Defense Adjustment Team, she structured the $50-million Defense Conversion Fund. She was responsible for shaping, growing and managing PIDC’s direct-lending capability from an initial capital base of $3 million, to over $200 million of direct loans to commercial and industrial clients. And, in 1982, she launched the PIDC Penn Venture Fund to invest in technology-based enterprises.
Earlier in her career, Mrs. Rosenthal staffed and led efforts in support of manufacturing competitiveness, waterfront development and historic district renewal.
Rosenthal has served on Mayoral and Gubernatorial transition committees of both parties, and currently serves on several public and private boards and committees. She was named as an inaugural member of the Obama Administration’s National Advisory Council on Innovation & Entrepreneurship in 2009. The Council advises the US Department of Commerce Secretary and the Administration on key issues relating to innovation and entrepreneurship. Rosenthal contributes to its work on the Capital Formation and Technology Commercialization Sub Committees.
She was an active advisor on state and regional nanotechnology initiatives through the National Nanotechnology Initiative and the National Science Foundation for Small Business Innovation Research (SBIR) and Partnership for Innovation programs. Over the years she has served on several national task forces including the U.S. Department of Housing and Urban Development, and the U.S. Economic Development Administration.
Rosenthal served on the Economic Advisory Council of the Philadelphia Federal Reserve and the Fox Chase Bank Board and is on the Boards of the World Trade Center of Greater Philadelphia and the Philadelphia Alliance for Capital and Technology. She is on the Advisory Committee of Emerald Stage2 Venture Fund, and has served on numerous, regional advisory committees focused on technology-based economic growth and entrepreneurship, including the America-Israel Chamber of Commerce, the Mayor’s Sustainability Advisory Board in Philadelphia, the Greater Philadelphia Life Sciences Congress, the Life Sciences Leadership Advisory Council, the Science Center’s Community Development Advisory Committee, and the Philadelphia Chapter of the national Network for Teaching Entrepreneurship. She is active at the national level with the State Science and Technology Institute, the National Venture Capital Association, and was a Board member of the National Council for Urban Economic Development, now the International Economic Development Council, where she helped to develop the curriculum for its Technology-led Economic Development Course.
Rosenthal has presented and consulted on various economic development initiatives around the country and has testified on issues of innovation policy at both state and federal levels. She was a delegate to the November 2008 Small Business Financing Forum and a presenter at the March 2011 meeting of the National Governor’s Association.
She has a B.A. from Temple University. She started by earning an Associate Degree from the Community College of Philadelphia which recognized her accomplishments in 2005. In 2007 she was awarded an Honorary PhD in Humane Letters from Philadelphia University.
In May 2014 Rosenthal was awarded the Enterprise Awards Legend Award for Lifetime Achievement. In 2012 Rosenthal was inducted into Temple University’s Entrepreneurial Women Hall of Fame and became a member of its College of Liberal Arts Board of Visitors, and Board of Fellows of its Center on Regional Politics. In December, 2011, the Board of Directors of the Ben Franklin Technology Partners of Southeastern Pennsylvania formally acknowledged her fifteen years of leadership and service to the organization. In 2009 she was presented the Blair Thompson Lifetime Venture Award from the MAC Alliance and the Champion of Small Business Award by the National Capital Coalition and received the Early Stage East Founders Award in 2008. In 2004 Rosenthal was presented the leadership Award by the Chester County Economic Development Council. In 2003 the National Science Foundation acknowledged her work on the federal SBIR and STTR programs. In 1998 Rosenthal was recognized by the National Council for Urban Economic Development for her contribution and commitment to the field of economic development; and was honored in the same year by the Mayor of Philadelphia and the State of Israel for her work to establish internet community centers.
Rosenthal is active in support of women leadership. She is a member of Women Corporate Directors, the Pennsylvania Women’s Forum, and the Forum of Executive Women, which acknowledged her 31 years of on-going commitment to the organization in 2011 and awarded her their STARGNOC award in 1998. She was also one of the 1997 Business Philadelphia’s Women to Watch; and she was an early supporter of predecessor organization to the Alliance of Women Entrepreneurs, serving on its Advisory Board, leading the development of reports on high-growth women entrepreneurs and housing the organization in its start- up years at BFTP/SEP. In 2013, AWE recognized Rosenthal with its Iris Newman Award.
Adare McMillan is Chief Administrative Officer for Ben Franklin. McMillan has over twenty years of experience in both public and private industry in implementing systems conversions, improving financial processes, and executing strategic and operational plans.
At Ben Franklin, McMillan leads the Finance, Human Resources, Information Technology and Programs Analysis and Development Departments. Previously, McMillan served as Vice President of Finance, Chief Financial Officer, and Chief Compliance Officer at the National Constitution Center, in Philadelphia.
McMillan earned his Bachelor of Science degree in Accounting (Cum Laude) from the University of Scranton, and his Master of Business Administration degree in Corporate Finance from Drexel University.
Anthony P. Green, Ph.D.
Anthony P. Green, Ph.D. is Vice President of Technology Commercialization Group for Ben Franklin. Dr. Green has over thirty years of experience in the biotechnology industry, with a specialization in the research, development and commercialization of cutting-edge technologies. The Technology Commercialization Group creates pathways to commercialization for companies and researchers by building consortia with universities, government and private partners.
Dr. Green leads Ben Franklin’s region-wide technology partnerships and major initiatives, including the Nanotechnology Institute™, the Energy Commercialization Institute, PA Life Sciences Connect, and efforts around the development of new commercialization models.
Dr. Green earned a Sc.B in Immunology with Honors from Brown University, and a Ph.D. in Microbiology and Immunology at Temple University School of Medicine.
Terrence H. Hicks
Terrence H. Hicks is Vice-President of the Investment Group for Ben Franklin. Hicks is responsible for all of the organization’s investment activities. Ben Franklin has a portfolio of over 130 early and emerging-stage technology companies; one of the largest such portfolios in the country.
Hicks came to the Ben Franklin in 1993 after twenty years of experience in small business lending and corporate treasury activities with Fidelity Bank (currently Wells Fargo) and Sun Company respectively. Hicks previously served as Vice President of Sun Company’s Specialized Small Business Investment Company. In addition to managing Ben Franklin’s investment activity for over ten years, Hicks also co-founded the Minority Angel Investor Network, the nation’s only organized angel group investing in high growth minority owned or led companies.
Hicks earned a BA in economics from Swarthmore College and an MBA in finance from LaSalle University.
Mark deGrandpre, Ph.D.
Mark deGrandpre, Ph.D. is Director of Investments, Physical Sciences, for Ben Franklin. Dr. deGrandpre has over twenty years of experience with innovative business and technology development. He is responsible for a portfolio of over thirty early-stage physical science companies in the region, and for identifying new investment opportunities. Dr. deGrandpre manages Ben Franklin’s Alternative Energy and Clean Technology company portfolio. He has significantly improved deal flow and enhanced portfolio quality since he joined the team in 2006. Previously, Dr. deGrandpre was Director of Technology and New Business Development for Polysciences Inc., a privately held specialty materials company headquartered in Warrington, PA. Throughout his career, Dr. deGrandpre has also worked for Rohm and Haas Company as Director of Corporate Development: Licensing, as well as numerous other positions within the company and in joint ventures.
Jennifer Hartt is Director of Investments, Life Sciences, for Ben Franklin. Hartt directs all of Ben Franklin’s life sciences investments in companies with technologies ranging from clinical healthcare IT, medical devices and diagnostics to therapeutics. Hartt has invested in over forty companies for Ben Franklin since arriving in 2005. Hartt holds a Master’s in Biology and Bachelor’s degree, graduating summa cum laude and Phi Beta Kappa, with both degrees from the University of Pennsylvania. She has prior experience in lab research, clinical settings, business consulting for small and large companies, technology evaluation and transfer, licensing and equity management. Prior to joining Ben Franklin, Hartt was Associate Director of Business Development & Equity at the University of Pennsylvania. Hartt is involved in regional activities in technology development education and commercialization programs such as in being on science curriculum audit and design committees, evaluating business plans, judging entrants in the Eastern Technology Council Enterprise Awards, mentoring students and representing her organization on the oversight committee for Coulter funding of translational research at Drexel University.
Alan R. Kraus
Alan Kraus is the Director for Information Technology Investments at the Ben Franklin Technology Partners of Southeastern Pennsylvania managing a portfolio of more than 40 active early stage IT company investments. With investments generally ranging from $100,000-$500,000, Alan has presided over companies that have created 100’s of jobs in Pennsylvania and raised more than $150,000,000 in follow-on funding. In the last four years, his portfolio has had 20 successful exits. In addition to being closely involved with applicants prior to formal funding decisions, once a company receives a Ben Franklin investment, Alan, supported by a highly skilled group of independent portfolio manager consultants as well as his colleagues at Ben Franklin, assists in coaching the company in numerous areas including fundraising, financial statement analysis, business plan and marketing materials development, Board management and development, making introductions and on-going strategic and implementation planning.
Prior to joining Ben Franklin in 1998, Alan was the Manager of Resource Development and a Business Consultant at the Temple University Small Business Development Center. Additionally, he had worked several years as a manufacturer’s sales representative of women’s accessories and also as an entrepreneur, helping to found Optimum Executive Search, a Silicon Valley firm specializing in the placement of software professionals.
Alan received his MBA at Temple University and his BBA from the University of Michigan.
Omar G. Mencin, DBA
Omar Mencin, DBA, Director of Special Projects, Investment Group, works on sourcing and evaluating investment opportunities as well as managing Ben Franklin’s activities with the Project Liberty Digital Incubator. He also supports the further development of the Investment Group’s entrepreneurial services, acceleration models and capital formation strategies.
Prior to Ben Franklin, Omar was Co-Founder and CEO of the US Market Access Center, a high tech incubator focused on helping foreign-based technology companies successfully enter the Silicon Valley and greater US Markets. He previously worked at the World Bank and Goldman Sachs. Omar holds a B.A. with Honors in political science and economics from Swarthmore College; graduate degrees from Stanford University in Management Science, Engineering and China Studies; and a doctorate in finance from the International School of Management.
David L. Cohen, AICP
David L. Cohen, AICP, Senior Manager of the Program, Analysis and Development Group, has 25 years of experience in program development, management and implementation across grant writing, policy research and economic development. At Ben Franklin, Cohen conducts economic research, develops metrics, and manages databases. He provides support for execution of new funding opportunities, program proposals and initiatives, focused on sustainable energy and technology commercialization. He also develops and maintains regional partnerships, and implements the web-based Pennsylvania Energy Economy Map and other interactive web design and analytical tools.
Cohen was previously the Director of Development for the North Philadelphia Health System.
Cohen earned an MBA from Saint Joseph’s University, Master’s of Urban and Regional Planning from the University of Illinois, and B.S. in Communications, Politics and Law from Emerson College. He is a member of the American Institute of Certified Planners and the American Planning Association.
James Gambino is Senior Advisor for Ben Franklin, and its Technology Commercialization Group (TCG). The TCG creates pathways to commercialization for companies and researchers by building consortia with universities, government and private partners.
Gambino has successfully commercialized high value disruptive technologies across multiple markets as a senior executive in multinational companies, joint ventures, and start-ups. Prior to joining Ben Franklin, Gambino was Vice President and CTO at Elementis Specialties, Inc., a specialty chemical company, where he was responsible for research and development, new business development, and licensing. Jim is also a board member of the T.C. Chan Center for building energy and technology at the University of Pennsylvania.
Gambino earned his Bachelor of Science degree in Chemical Engineering from the Polytechnic Institute of New York, and completed the Business Management Executive Program at the University of Pennsylvania’s Wharton School.
Mark S. Trabbold
Mark S. Trabbold, Director of Business Development, Technology Commercialization Group, will lead the Delaware River Water Alliance (DRWA), and support other technology development and commercialization programs. Mark will also support Ben Franklin’s EEB Hub related program activities.
Mark has 30 years of experience in innovation, process engineering and construction. Prior to joining Ben Franklin, Mark was Vice President, R&D, Insulation Group, CertainTeed Corporation, a North American building materials manufacturing company, where he was responsible for R&D and new business development. He also held prior Technical Management and Product Development positions at CertainTeed. Mark holds a B.S. in Chemistry from Eastern University.