Three Chester County firms had been just lately named as recipients of investments from the Ben Franklin Expertise Companions of Southeastern Pennsylvania.
Two early-stage firms — Aevumed of Malvern and Metispro of Berwyn obtained a complete of $350,000 in investments, based on a press launch from state Senator Andrew Dinniman’s (D-Nineteenth Dist.) workplace.
“Chester County is on the forefront of technological development in our area and these promising younger firms present that the spirit of innovation is alive and properly in southeastern Pennsylvania. With help and funding, they’ll proceed to develop, strengthening our economic system and creating jobs within the course of,” Dinniman stated within the launch. He serves on the board of the Ben Franklin Expertise Growth Authority, which manages and oversees the Ben Franklin Expertise Companions.
A 3rd firm — digital well being agency Cassian Options of Phoenixville, in was named in August as a recipient of an funding from Ben Franklin Expertise Companions.
Aevumed is a medical gadget firm centered on enhancing the standard of life in sufferers with rotator cuff tears. Aevumed’s Phantom-X is a expertise that particularly targets the 20% failure fee of rotator cuff surgical procedures by means of biomechanical help.
Metispro gives a cloud-based level of gross sales (POS) and e-commerce platform for eating places, together with instruments that monitor reservations, loyalty, kiosks, self-service and on-line ordering.
Cassian Options is a digital well being firm that goals to assist healthcare groups ship environment friendly, scalable and data-driven affected person interactions.
The Ben Franklin Expertise Companions of Southeastern Pennsylvania is a state-funded nonprofit that serves as one among a number of expertise firm incubators all through Pennsylvania.
Every Ben Franklin funding follows an in depth overview course of wherein reviewers fastidiously work with firms to know their enterprise mannequin, merchandise, and market.
“They work with every firm to offer entry to the capital, counsel and connections that may finest help their development after funding, serving to them tackle alternatives and challenges all through their journey,” the discharge said.
In 2019, the Ben Franklin Expertise Companions permitted $4.6 million in investments in 28 firms all through southeastern Pennsylvania, creating and retaining over 3,000 jobs whereas securing over $260 million in follow-on funding to help their development, based on the discharge.