Ben’s helping innovation in the Greater Philadelphia Region take another step forward
Ben Franklin | September 18, 2014
Ben Franklin Wins EDA Award; Philadelphia Region to Lead in Medical Device Innovation
Moving innovation in the Greater Philadelphia Region another step forward, Ben Franklin Technology Partners of Southeastern PA has earned a $600,000 U. S. Economic Development Administration (EDA) award to support Ben Franklin’s Advanced Manufacturing for the Medical Device Industry (AMMDI) initiative.
The award will help entrepreneurs in the Philadelphia area develop, commercialize and manufacture medical devices exploiting the rapid evolution of advanced manufacturing technologies.
Whether for utilizing new materials, developing software or employing advanced manufacturing processes in creating prototypes and products, Ben Franklin will use the award to provide business planning, product development, prototyping and manufacturing support to qualifying entrepreneurs and inventors within its broader network of partners and initiatives in the region.
Says Ben Franklin CEO RoseAnn B. Rosenthal, “With Ben’s unique role at the crossroads of life sciences, advanced manufacturing and IT, we’re thrilled for the EDA’s support in helping our region’s pioneers of innovation and commerce make amazing things happen.”
Anthony P. Green, Ben Franklin’s VP of Technology Commercialization adds, “AMMDI now adds a fourth new Ben Franklin program to support the region’s life science industry. Integrating with Ben Franklin’s PA Life Sciences Connect, FabNet and Navigator programs, AMMDI links advanced device manufacturing possibilities to the skilled resources in the greater Philadelphia area. The award brings device and digital health inventors greater access to the minds and tools in the community that can make their brilliant visions tangible. The EDA’s backing leverages Ben Franklin’s many regional partners and represents a great commitment of confidence to the potential for innovation, economic growth and job creation in our region.”
About Ben Franklin Technology Partners
of Southeastern Pennsylvania
For over 30 years, Ben Franklin Technology Partners has been the leading seed stage capital provider for the region’s technology sectors. It has invested over $170 million in more than 1,750 regional technology companies, many of which went on to become industry leaders. Ben Franklin has also launched university/industry partnerships that accelerate scientific discoveries to commercialization, and has seeded regional initiatives that strengthen our entrepreneurial community. The Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development, and receives funding from the Ben Franklin Technology Development Authority. Ben combines the best practices of early stage venture capital with a public-spirited purpose – to lead the region’s technology community to new heights, creating jobs and changing lives for the better.
For additional information, please visit Ben at www.sep.benfranklin.org
Ben Franklin Contact:
(215) 972-6700 x3332