WEST CHESTER (December 14) – State Senator Andy Dinniman today announced that three early-stage companies in Chester County will receive more than $675,000 in total investments through the Ben Franklin Technology Partners of Southeastern Pennsylvania.
“Investing in emerging Pennsylvania businesses is investing in our economic future,” Dinniman, said. “The success and growth of innovative and promising companies will strengthen our economic base while increasing our tax base and providing jobs in related fields.”
The investments, which were recently approved by the Ben Franklin Technology Partners of Southeastern Pennsylvania’s Board of Directors, are as follows:
- $275,000 for ESS Energy Products of Paoli, a privately owned business that produces and sells proprietary energy saving niche products in the home performance and new construction markets.
- $250,000 for Makaha Medical of Pottstown, a medical device company focused on intra-vascular diagnostics.
- $150,000 for TuvaLabs of Chester Springs, which offers a data literacy training platform that makes data and statistics accessible and usable for data novices and learners around the world.
The investments come as part of $2.1 million in total funding to support the growth of 16 early-stage companies spanning the information technology, digital health, health and physical sciences sector 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.