The Ben Franklin Technology Partners of Northeastern Pennsylvania (BFTP/NEP), creates and retains highly paid, sustainable jobs by investing in and linking companies with experts, universities, follow-on funding, and other resources to help them prosper through innovation. It is part of a four-center economic development initiative of the Pennsylvania Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority,
BFTP/NEP’s strategy encompasses three key areas:
Since beginning operations in 1983, BFTP/NEP has helped to create 19,740 new jobs for Pennsylvania workers and to retain 49,864 existing jobs, to start 531 new companies, and to develop 2,296 new products and processes. Since 2007, BFTP/NEP clients have generated more than $1.6 billion in follow-on funding. The Pennsylvania Ben Franklin Technology Partners network has returned $3.90 to the state treasury for every $1.00 invested in the program.
BFTP/NEP owns, manages, and is headquartered in Ben Franklin TechVentures®, an award-winning business incubator/post-incubator facility on Lehigh University’s campus in Bethlehem. BFTP/NEP also owns and manages the Bloomsburg Regional Technology Center in Bloomsburg. Applying more than 37 years of experience and two international awards for excellence in business incubation, BFTP/NEP leads a 14-member northeastern Pennsylvania business incubator network.