Sunday, April 3, 2011

Erie Innovation Fund

There’s still time to apply to the Erie Innovation Fund. The purpose of the fund, which is a partnership between the Erie County Gaming Revenue Authority and Ben Franklin Technology Partners, is to give Erie’s tech-based entrepreneurs and small manufacturers access to local investment capital.

To date, more than a dozen companies that are involved in new product/process development have inquired about the application process. Screening of the applicants and the subsequent review of the proposals will be based on Ben Franklin’s existing due diligence process. However, a local panel of experts and potential investors is being convened to help evaluate submitted proposals.

Companies that receive funding will also have the opportunity to get business mentoring and support from the Ben Franklin Transformation Business Services Network.

Business owners who are interested in applying for funding, or potential investors who want to participate in the Advisory Board, should contact Ben Franklin’s Erie Office at 898-6650.

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