Ben Franklin Tech Partners of Northeastern PA announce $454k investment

We can’t help but give a shout out to our neighbors in the North.

Ben Franklin Technology Partners of Northeastern Pennsylvania have announced plans to invest $454,000 in 11 companies in its region.

That’s after Philly’s local Technology Partners announced a $2 million investment in 11 companies in the Philadelphia region last week.

Nearly a third of the northeastern investment – $150,000 – went to Element ID, a Bethlehem-based company working on commercializing a competitive radio frequency identification (RFID) tag for use in materials handling.

Recruiting company Pinpoint Strategies, of Bloomsburg received $50,000 for its use of software, video, and animation tools to recruit hard-to-find health care professionals.

And lest favoritism effect the journalistic process, we can’t help but mention Wine Gadgets, an Allentown based company that markets products that preserve wine once a bottle has been opened. The company received $24,900.

It would seem that the state-funded early-stage entrepreneurship incubator is thriving as the U.S. economy continues to struggle.

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