Corman Announces $560,000 in Assistance to Help Regional Innovative Companies Grow

Harrisburg – State Sen. Jake Corman (R-34) today announced the approval of $560,000 in investments from Ben Franklin Technology Partners to help four innovative companies in the region develop and create jobs.

Corman said the investments target the following companies:

  • Indigo Biosciences, Inc. of State College — $270,000 to help the company commercialize development of single-use frozen nuclear receptor assays.
  • Expansyn Technologies of State College — $90,000 to help the firm continue research related to developing biofuels applications for a variety of novel plant proteins.
  • Energy Wall, LLC of Boalsburg — $75,000 to help the company further develop high efficiency air-to-air energy recovery exchangers that have no moving parts.
  • SilcoTek Corporation of Bellefonte — $125,000 to assist the firm in further developing a market for the company’s coating technologies which improve the properties of stainless steel and decrease the likelihood of corrosion.

Ben Franklin Technology Partners provides resources for technology-driven enterprises in sectors such as information technology, life sciences, communications, advanced manufacturing, advanced materials and environmental technology. The Ben Franklin center for Central and Northern Pennsylvania is located in University Park.

“The mission of Ben Franklin Technology Partners is to identify innovative, early-stage companies with potential for significant job growth and support them with development investment, as well as business expertise,” said Corman. “Supporting these kinds of companies is a key component in creating stable, family-sustaining jobs in Central Pennsylvania.”

CONTACT:
Tim Nyquist
Phone: (717) 787-1377