Technology partners

Ben Franklin Technology Partners Jointly Invests $250,000 in 2 Lancaster County Companies | Local News

Two Lancaster County companies will receive an investment from Ben Franklin Technology Partners that will allow them to continue the development and commercialization of new products and/or software applications or stabilize the operations of a long-standing manufacturing company.

ERApeutics, a doctor-led cognitive health company marketing a nutrient-dense, low-calorie nut-based beverage, will receive $150,000. The company does Evermind, a plant-based drink designed to support brain health. The company was founded in Manheim Township in 2018 by Dr. Jordan Balencic and his wife Tessa. Ben Franklin previously invested $150,000 in the business.

Based on Lancaster boost point will receive $100,000. The company has developed a business-to-business platform that connects growing businesses with qualified candidates for all of their open positions. In 2020, Ben Franklin loaned Boostpoint $100,000 over 10 years, which could be converted into stock. In 2019, Boostpoint won first place in the TechCelerator pitch presentation finals with $7,000. Co-founded by Sam Beiler and Jared Neff, Boostpoint grew out of Beiler’s background in marketing for Equipter, a Leola company started by his father, Aaron, that makes debris collection equipment for roofers.

The two Lancaster-area companies were among 11 companies in central and northern Pennsylvania approved for funding in June. The Ben Franklin Program, the region’s largest startup investor, has been investing in tech startups and small manufacturers for nearly 40 years. It is an initiative of the Pennsylvania Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority.