Ben Franklin Technology Partners

Ben Franklin Technology Partners is a state-backed venture capital firm in Pennsylvania investing in emerging technology projects.

Established over 40 years ago, the firm has been instrumental in fostering innovation and economic growth within the state. It operates through four regional centers: Central and Northern Pennsylvania, Northeastern Pennsylvania, Southeastern Pennsylvania, and Southwestern Pennsylvania, each providing tailored support to technology-based startups and small manufacturers.

The firm's investment strategy focuses on early-stage technology firms commercializing proprietary technology, aiming to create and retain highly paid, sustainable jobs. In 2024, Ben Franklin clients generated $3.5 billion in revenue and secured nearly $1.1 billion in follow-on funding, supporting 1,630 companies and helping clients create nearly 1,244 jobs while retaining 9,959 more positions.

Ben Franklin Technology Partners is an initiative of the Pennsylvania Department of Community and Economic Development and is funded by the Ben Franklin Technology Development Authority. Its mission is to advance technology enterprise in Pennsylvania by providing essential seed and risk capital, business expertise, and a network of resources to foster innovation and entrepreneurship across the state.

The firm has a strong track record of supporting a diverse range of industries, including technology, manufacturing, life sciences, healthcare, energy, environmental services, advanced materials, agriculture, defense, aerospace, electronics, robotics, software, fintech, edtech, and more. This broad focus enables Ben Franklin to contribute significantly to the state's economic development and job creation efforts.

In 2019, Ben Franklin Technology Partners tokenized shares of their Philadelphia investment fund, indicating an interest in blockchain and digital asset technologies. This move reflects the firm's commitment to embracing innovative financial instruments to support its investment activities and further its mission of fostering technological advancement in Pennsylvania.

Overall, Ben Franklin Technology Partners plays a pivotal role in Pennsylvania's economic development by investing in and nurturing technology-based companies, thereby driving innovation, creating jobs, and strengthening the state's economy.