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Dinniman Announces $50K in Funding for Paoli Neurotechnology Company
WEST CHESTER (April 4) – State Senator Andy Dinniman today announced that Narbis, an early-stage neurotechnology company based in Paoli, will receive $50,000 in investment funding through the Ben Franklin Technology Partners of Southeastern Pennsylvania.
“Technological development continues to be a driving force in the Commonwealth’s economic future,” Dinniman said. “The pioneering work and research on digital health and neurotechnology that is being done right here in our backyard is not only astounding, it is also an asset to the Chester County region.”
Narbis provides consumers, educators, and health professionals with neurofeedback technology that provides brain training to enhance focus, attention, and learning improving the brain’s overall performance. The product delivers clinical level performance in combination with unsurpassed ease-of-use and flexibility.
“Anyone who has trouble staying focused may be interested in Narbis’ development of a product to train your brain to stay in the state of peak mental performance,” Dinniman said. “It has been described as a ‘fitbit for your brain.’
The investment, which was recently approved by the Ben Franklin Technology Partners of Southeastern Pennsylvania’s Board of Directors, comes as part of $2.8 million to support the growth of 15 early stage companies spanning multiple industry sectors such as information technology, digital health, health, and physical sciences in the southeast Pennsylvania region.
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 $175 million to grow more than 1,750 regional technology companies.
Dinniman serves on the Board of the Ben Franklin Technology Development Authority, which manages and oversees the Ben Franklin Technology Partners.