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CAPITAL

PHYSICAL SCIENCES

Physical Sciences Investment Levels:

Funding Info and Application Stage of Company Funding Amount
Innovation Company Investments
doc		 Prototype refinements Up to $100,000
Application Fee: $500
Closing Fee*:$1000
Emerging Company Investments
doc		 Later stage product or process development and significant commercialization efforts $101,000-$500,000
Application Fee: $500
Closing Fee*:$1000
Fund Purpose Funding Amount
Technology Commercialization Fund
doc		 Spin-out situations with academic and research institutions where a company is formed surrounding a technology discovered and licensed by universities or research institutions Up to $350,000 Application Fee: $500
Closing Fee*: $1000
*Closing fee - Subject to BFTP/SEP loan approval, due upon signing of closing documents


Physical Sciences Funding Documents
  • Program Information Instructions: doc
  • Executive Summary: doc
  • Application: doc
  • Budget: xls
  • Milestones: xls
Overview
BFTP/SEP has a strong track record of providing institutional financing and technical support to highly promising physical sciences companies across a span of technologies. Our regional portfolio includes companies developing advanced materials, sensors, robotics, environmental, and consumer goods.
BFTP/SEP has provided capital to many of southeastern Pennsylvania's leading physical sciences companies, including Lithium Technologies (LITH.OB), Orasure (OSUR), CFM Technologies (MTSN) and Endless Pools.
As BFTP/SEP seeks to invest in only the most promising and sustainable ventures, funding for physical sciences companies is extremely competitive. Most of the companies successful in raising BFTP/SEP funding possess the following characteristics:
  • Experienced business management
  • Strong IP and patent protection
  • Disruptive and unique technology
  • Sound business and scientific approach
  • Leveraged sources of capital (SBIR, Angel, Early Stage Venture Capital, other state funding sources)
  • Ability to achieve a significant milestone with BFTP/SEP dollars
  • Long term sustainability and job creation
  • Beta customers and/or product sales
Terms
BFTP/SEP's standard investment terms for physical sciences companies include:
  • Convertible Debt for Innovation
  • Debt and Success Fee for most Emerging and Emerging Plus
  • Warrant
  • Lien on Technology
  • Board Observation Rights
  • BFTP/SEP reporting compliance
Term Details: pdf
For more information contact the representative in your county

Last Modified:
08/19/08

©2008 Ben Franklin Technology Partners of Southeastern Pennsylvania
Building 100 Innovation Center | 4801 S Broad St, Suite 200
The Navy Yard | Philadelphia, PA 19112
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