BETHLEHEM – January 10– State Senator Lisa M. Boscola announced today that a local company, Cerora, will receive a $ 100,000 investment from the Ben Franklin Technology Partners (BFTP/NEP) of Northeastern Pennsylvania.  Ben Franklin Technology Partners receives a significant number of grant applications and only has the resources to fund the most competitive proposals and productive projects.

“This investment in our local small businesses is vital in providing an expanding job base for all those who reside in this Commonwealth,” Boscola said.  “The Lehigh Valley has long demonstrated it is home to entrepreneurial minds.  This funding proves again the Lehigh Valley is a great place to start and grow a business.”

Cerora, which is located in the Ben Franklin Tech Ventures incubator, will receive $100,000 to finalize software and hardware, commercialize a cloud-based, medical-grade, neuro-diagnostic solution and make real-time neuro-diagnostic information available to non-specialists in the field.

BFTP/NEP’s track record speaks for itself. Since beginning operations in 1983, BFTP has helped start 442 new companies, developed 1,189 new products and processes, created 15,820 new jobs for Pennsylvania workers and retained 21,645 existing jobs. The Pennsylvania Ben Franklin network has returned $3.60 to the state treasury for every $1 invested.

“As a former member of the Ben Franklin Technology Partners board, it is always exciting to see that companies in my senatorial district have been selected to receive such competitive grants,” Boscola said.

For additional questions or comments, please feel free to contact Senator Boscola’s office at 610-868-8667 or toll-free at 1-877-535-1818.

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