The Best Way to Predict the Future is to CREATE It. Moliere

Pennsylvania Unemployment Rate

“You want more JOBS? Spawn more Steve Jobs.” Tom Friedman

Bureau of Labor Statistics, accessed 10/27/10

Job Growth in U.S. Driven ENTIRELY by Startups

Get to Know BEN…

Former U.S. Commerce Secretary Locke outside Ben Franklin TechVentures

Innovation the PENNSYLVANIA Way

1983

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DECENTRALIZED Delivery Allows Regional Focus

For Our Clients: LOCAL Service, STATEWIDE Resources

BFTP of Central and Northern PA

Innovation Works, Inc.

BFTP of Northeastern PA

BFTP of Southeastern PA

INVESTMENTS that build a bridge to capital markets

What Does Ben Do?

Executive Quality Business MENTORING

What Does Ben Do?

Discovery stored in PA

industry,universities &

garages

Ben Franklin COMMERCIALIZATION

expertise

What Does Ben Do?

World-Class Business INCUBATION Facilities

Ben Franklin TechVentures Bethlehem, PA

What Does Ben Do?

Combining to Make a Potent Fuel for

LAUNCH

National Award-Winning LEADERSHIPEDA 2008 “Excellence in Technology-Led Economic Development” Award U.S. Economic Development Administration, June, 2008

IEDC 2008 & 2009 “Excellence in Economic Development” AwardInternational Economic Development Council, Oct. 2009

National Advisory Council: Innovation & Entrepreneurship

U.S. Department of Commerce, October 2010

SSTI 2008 & 2009 “Excellence in TBED” AwardState Science & Technology Institute, Oct. 2008 & 2009

Winner, U.S. DOE Innovation Cluster for Efficient Buildings

U.S. Department of Energy, August 2010

US Department of Commerce, I6 Challenge AwardU.S. Department of Commerce, October 2010

National Business Incubator of the Year AwardNBIA, 2001

State Support Creates FEDERAL SUPPORT to Clients

$2 million (multi-year) for Commercialization

$6 million for Incubation Facilities

$5 million (multi-year) for Commercialization

A Frequently Studied & Imitated BEST PRACTICE

FL

CA

HO

TN

TX

IN

MD

KS

NY

NJ

MI

CO

MA

Israel

China

Brazil

Germany

South Korea Russia

India Taiwan

United Kingdom France

AustriaJapan

Italy

MN

Canada

New Zealand

MS

ME

Palestine

An Enhanced ENTREPRENURIAL PROFILE for PA

Resulting in GROWTH FOR PA2006 – 2009 BFTP Impact Attributed By Our Clients:

Assisted Companies 3,288Follow-On Funding $930,546,301Jobs Created 4,488Jobs Retained 2,798New Companies Formed 110

Overall

PA Tax $ Returned $1 : $3.50Follow-On Ratio $1 : $24Wage Differential 33%

Ben Franklin Funding HISTORY

Creating High-Value JOBSVia

TECHNOLOGY and INNOVATION