INNOVATION IS THE ANSWER.
Ben Franklin Technology Partners 2022 Impact Report


Investments in innovation are the foundation of the new economy, and year after year, Ben Franklin Technology Partners continues to deliver impressive results.
As one of the nation’s leading technology-based economic development programs, Ben Franklin Technology Partners creates and retains highly paid, sustainable jobs by investing in and linking early-stage technology firms and established manufacturers with experts, universities, follow-on funding, and other resources to help them prosper through innovation.
Those investments pay huge dividends for Pennsylvania.
According to the statewide initiative’s “2022 Annual Statewide Impact Report,” Ben Franklin clients generated $2.4 billion in revenue and secured $1.1 billion in post-Ben Franklin financing. The tech-based economic development program also supported 2,018 companies and helped clients create nearly 1,508 jobs while retaining 10,145 more positions.
Ben Franklin clients continue to drive Pennsylvania’s economy with innovation and entrepreneurial efforts, developing 130 patents and software copyrights, commercializing 249 new products and launching 90 new processes.

2022 ECONOMIC IMPACT

10,145
90
New internal processes implemented
1,508
Jobs created by client companies
124
New companies
formed
Jobs retained by client companies
130
Patents & software copyrights awarded to client companies
$2,365,324,195
2,018
249
Companies assisted by BFTP
$1,109,916,199
Sales revenue generated by client companies
New products commercialized
Post-BFTP financing secured by client companies
REGIONAL SUCCESS STORIES
Launched 40 years ago, Ben Franklin has become one of the most widely known and emulated state technology-based economic development programs in the nation. And for good reason.
In partnership with the Pennsylvania Department of Community and Economic Development, Ben Franklin provides critical funding, business and technical expertise, and access to a network of valuable resources that early-stage and established companies need to grow and succeed in the highly competitive worldwide marketplace.
At Ben Franklin, clients are surrounded with internal and external experts in accounting and finance, marketing, intellectual property protection, supply chain management, and other disciplines. Developed and customized over four decades of experience, many clients cite these high-value support services as being key factors in their eventual success.
This comprehensive and integrated approach to supporting companies is Ben Franklin’s “secret sauce,” with clients citing these support services as key factors in their success.
Ben Franklin clients come from a variety of industries: computer software, hardware, and telecommunications firms; a variety of fabricated metal and industrial machinery manufacturers; and life science companies, including pharmaceutical manufacturers, biotech firms, instrumentation, robotics and medical device companies.
Clients in these industries are innovative and technology-intensive, investing in research and development, intellectual property, capital equipment, and highly skilled labor.
As a statewide initiative, serving all 67 counties through four regionally based centers in Pittsburgh, State College, Bethlehem, and Philadelphia, with several satellite offices spread across the state, Ben Franklin also leverages the excellence of Pennsylvania’s colleges and universities and promotes greater collaboration among companies, academia, private investors, and government to build and development technology-based industries.
The numbers say it all.
Since its inception, Ben Franklin has boosted the state economy by more than $30 billion, generating more than 58,000 jobs in client firms, plus an additional 101,000 spinoff positions, for a total of 159,000 new jobs that otherwise would never have existed.
Every dollar invested by the commonwealth into Ben Franklin generates $4 in additional state taxes.
Ben Franklin Technology Partners is making investments that have powered Pennsylvania’s economy for decades and will help the state maintain its competitive edge in an increasingly high-tech world.
LOCATIONS

CENTRAL &
NORTHERN PA
Stephen Brawley
President & CEO
200 Innovation Blvd
Suite 150
State College, PA 16803
(814) 863-4558

NORTHEASTERN PA
Angelo J. Valletta
President & CEO
Ben Franklin TechVentures
116 Research Drive
Bethlehem, PA 18015
(610) 758-5200


SOUTHEASTERN PA
Scott Nissenbaum
President & CEO
Building 100 Innovation Ctr.
4801 S. Broad St, Suite 200
The Navy Yard
Philadelphia, PA 19112
(215) 972-6700
SOUTHWESTERN PA
Innovation Works
Ven Raju
President & CEO
Nova Tower 2
Two Allegheny Center, Suite 100
Pittsburgh, PA 15219
(412) 681-1520