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$950,000 from Ben Franklin to Local Startups
by John Cappiello on November 17, 2009
The Ben Franklin Technology Partners development program announced Monday that it will be investing $950,000 in five startups in the Philadelphia region. The program strives to help emerging technology companies with capital, as well as both product focus and direction and networking support. Any and all of these things at a key time could help make a startup a success.
Innova Materials focuses on new types of materials for various uses. Their core technology, Innlay, helps manufacturers add additional properties to materials as part of the existing manufacturing process, such as antimicrobial protection, seen lately on various types of food prep and bathroom surfaces. They received $225,000.
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