Today Ben Franklin Technology Partners (BFTP), one of the nation’s longest running technology-based economic development programs, announced that it had awarded ERPHealth the maximum allowed $500,000 of direct investment by the Commonwealth backed program. This prominent award, financed in part by a grant to Ben Franklin Technology Partners of Southeastern Pennsylvania from the Commonwealth of Pennsylvania, caps off a rigorous six-month vetting process by BFTP which for over three decades has been known as a catalyst for economic growth in Pennsylvania by providing access to capital, business expertise, and a network of resources that foster innovation, growth, and success for both startup companies and established businesses alike.
For ERPHealth, this award is the latest high-profile investment for the company and comes on the heels of successful national launches of ERPHUB, TAP, and GRO for the company’s all-in-one platform for real-time, clinical outcome tracking. “We are honored to be selected by BFTP for this exteriority level of investment from the program and the public resources which back it,” said Eric Gremminger, Co-Founder and CEO, ERPHealth. “This investment will allow ERPHealth to expand our developmental and operational advancements which are headquartered just two blocks from Ben Franklin’s original home and print shop in Philadelphia.”
In addition to its financial commitment, BFTP has also pledged ERPHealth access to a wide range of marketing, business, and technology development services as well as hands-on technical and business expertise though its valuable financial and technology networks.
“Beyond the investment, BFTP’s endorsement of ERPHealth’s mission to save and transform lives through individualizing behavioral healthcare will have an enormous impact on the people and providers we serve throughout the Commonwealth and across the county,” said Nick Bardoutsos, President, ERPHealth.