Ben Franklin Technology Partners Approve $400,000 for Two Early-Stage Companies
State Sen. Andy Dinniman
WEST CHESTER – State Senator Andy Dinniman recently announced that two early stage technology companies in Chester and Montgomery Counties will receive more than $400,000 in investments through the Ben Franklin Technology Partners of Southeastern Pennsylvania.
“Investing in emerging Pennsylvania businesses is investing in our economic future. These investments will go a long way in helping early-stage technology and life science companies meet the economic challenges of the current business climate and grow into some of the region’s largest employers,” said Dinniman, who serves on the Board of Directors of the Ben Franklin Technological Development Authority that initially approved the funding.
The investments, which were recently approved by the Ben Franklin Technology Partners of Southeastern Pennsylvania’s Board of Directors, are as follows:
· AboutOne, LLC of Malvern will receive $100,000.
· Leversense, LLC of Newtown Square will receive $300,000.
AboutOne is an online subscription service that provides families and individuals with one convenient place to quickly and easily store, share and retrieve important household information (medical records, receipts, education records, etc.), and family memories (children’s artwork, photos, videos, etc.). This digital filing cabinet saves users time through fast and easy data entry—as well as efficient and intelligent use of the data entered, such as auto-generated family newsletters, scrapbooks, education summaries, home improvement reports for tax reporting and more. AboutOne is accessible from any location via computer, mobile phone or any other web-enabled device.
Leversense is commercializing an innovative new method for in vitro diagnostics technology. The technology, licensed from Drexel University, is a solid-state electromechanical sensor technology used to detect protein, nucleic acid and pathogen disease indicators. The product will bring to market unprecedented femtogram sensitivity directly in complex, unpurified samples such as whole blood and serum.
“It is crucial that we continue to invest in innovative and promising companies. The success of companies like Leversense and AboutOut will strengthen our economic base while increasing our tax base and providing jobs in related fields,” Dinniman said.
The funds come as part of more than $2 million that was recently cleared for investment in 10 early-stage area technology and life-sciences companies by the Ben Franklin Technology Partners of Southeastern Pennsylvania. The Ben Franklin Technology Partners of Southeastern Pennsylvania is a state-funded nonprofit that serves as one of several technology company incubators throughout the Commonwealth. The organization has invested more than $145 million to grow more than 1,700 regional enterprises across all areas of technology.
For more information contact Senator Dinniman’s District Office at (610) 692-2112, or e-mail acirucci@pasenate.com
