PHILADELPHIA, PA (www.sep.benfranklin.org) – Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP) was the 16th national venture fund in 2010 by number of deals, as reported by PWC MoneyTree™. With 33 company investments approved in 2010, Ben Franklin was the region’s premier seed capital investor, contributing to a viable pipeline of growth opportunities in the region.
“We are gratified to have achieved this ranking among the nation’s leading venture firms,” said RoseAnn B. Rosenthal, President & CEO of Ben Franklin. “This ranking underscores the importance of the Commonwealth’s continued support for seeding the enterprises that will be future job generators,” see added.
“Ben Franklin’s continued commitment to technology entrepreneurs and enterprises in the region provides an invaluable source of deal flow for the venture community,” said Dean E. Miller, President & CEO of the Greater Philadelphia Alliance for Capital and Technologies (PACT).
The full list of nationally ranked venture funds can be found in the PWC MoneyTree report, page 12: Click here to view.
About Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin Technology Partners of Southeastern Pennsylvania is a national, award winning model for technology innovation, and a catalyst for Stimulating Entrepreneurial Potential. For more than 28 years, we have invested in innovative enterprises and created commercialization pathways and partnerships that generate wealth through science and technology. We offer entrepreneurs and established businesses the Capital, Knowledge and Networks to compete in the global marketplace. We have invested more than $145 million to grow more than 1,700 regional enterprises across all areas of technology.
Ben Franklin’s programs and partnerships with universities, corporations and investors strengthen the region’s innovation infrastructure. Together with partners across the region, we are fostering the formation of a Greater Philadelphia energy cluster…Power Valley. We are the commercialization partner for the Greater Philadelphia Innovation Cluster (GPIC) national energy hub, and the founding partner of the Energy Commercialization Institute (ECI). We are founding partners of The Nanotechnology Institute (NTI), Emerald Stage2 Venture Fund, and numerous other programs and initiatives.
Ben Franklin is part of the Commonwealth of Pennsylvania’s Ben Franklin Technology Partnership.
Jaron J. Rhodes
Manager, Marketing and Communications
(215) 972-6700, ext. 3214