Ben Franklin Tech Partners is Working with the State to Get $5M Added to its 2021 Budget

For the last decade, Ben Franklin Technology Partners has been fighting for more state money.

The 35-year-old seed and early-stage capital provider for Pennsylvania tech companies faced budget slashes starting in 2008, and in 2019, the org was given $14.5 million in the state’s budget — a true 50% cut from its original allotment. The capital provider has still provided the region with the highest number of investments in the last decade, with its Ben Franklin Technology Partners of Southeastern Pennsylvania branch in the Navy Yard making 356 investments between 2010 and 2019.

But the organization is making another attempt to grab more funding in the state’s 2020-2021 budget. It announced this week that it’s working with the Department of Community and Economic Development on a proposed plan to “fuel innovation across Pennsylvania.”

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