Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP) Investment Program

Minimum/Maximum Amounts

Investments range from $30,000 - $150,000 per fiscal year for up to three years.

Develop & commercialize new technology; build& grow new technology-oriented businesses; increase productivity; develop new manufacturing strategies; raise output/ employee and lower costs.

Established manufacturer clients match Ben Franklin investment with own cash and in-kind resources; up to 3 year payback. Early stage firms match Ben Franklin investment with
in-kind resources, up to 8 year payback.

Established manufacturer clients - prime less 2 points, 3 years, minimum 4%; early stage firms - 6%, 8 year detachable warrant.

Fees

Special Notes

The early stage firm investment is structured with two components: a note and a detachable warrant.  The note carries an interest rate of 6%, which accrues quarterly.

Creation/Retention Requirements

Where to Apply

Ben Franklin Technology Partners of Northeastern Pennsylvania
125 Goodman Drive
Bethlehem, PA 18015

Bob Thomson, Regional Manager-Lehigh Valley
Phone: 610-758-5200
Fax:      610-861-5918
Email:   info@nep.benfranklin.org

www.nep.benfranklin.org

Application Download Available

Yes