APCS Wins Big Idea Contest, Expanding Through Gannon’s ETI
Posted: July 31, 2013
(left to right): Gannon Professor Yong-Kyu Jung (Adaptmicrosys president), Tom Woodward (APCS president), Karen Rzepecki (reCAP Mason Jars, founder)
Advanced Power Control Solutions LLC (APCS), which joined GannonUniversity's Erie Technology Incubator (ETI) in June, won the Ben Franklin Technology Partners BIG IDEA Business Plan Contest for
Northwest Pennsylvania. The announcement of the winning submission
to the contest was made Wednesday at Knowledge Park in Erie.
APCS was one of six finalists and will receive a $35,000 cash
prize from Ben Franklin, six months of residency at the Erie
Technology Incubator, one year free tuition for classes/seminars
offered by the eMarketing Learning Center, and a free, five-hour
consult on intellectual property from Attorney Jonathan D'Silva a
partner in the Erie-based firm MacDonald, Illig, Jones &
In addition, two other finalists who are ETI clients each
received $10,000 seed money from the Ben Franklin Technology
Partners for their outstanding business plan presentations.
They are Adaptmicrosys, whose president is Gannon University
Assistant Professor of Electrical Engineering Yong-Kyu Jung, Ph.D.,
and reCAP Mason Jars, whose founder is 1994 Gannon alumna Karen Rzepecki.
APCS holds the international rights to two proprietary
technologies that provide significant benefits to coal-fired power
plants, allowing them to displace 30-40 percent of the coal they
burn with cleaner natural gas or natural gas liquids. APCS modifies
the plant's existing coal burners through a cost-effective retrofit
process providing the utility with significant competitive
advantage and reduced plant downtime. APCS was formed in 2013 and
the Erie office, with close proximity to the coal-producing region,
will be its second location in addition to one in Scottsdale, Ariz.
"The award is opening up a tremendous opportunity for us," said
APCS President Tom Woodward. "It's important to us as a young
company that we connect with ETI and Ben Franklin and open up
contacts with decision-makers and other resources that will make a
huge difference in the trajectory of our company.
"We are appreciative for the folks who are making this
opportunity for us. We are excited that Erie is going to be the
place where we launch and we're hoping that our impact is made in
the city, state, region and globally."
Adaptmicrosys is a leading-edge,
adaptive semiconductor company that provides higher energy savings,
more efficiency, and greatly increased performance in a variety of
reCAP Mason Jars, the manufacturer and
Amazon top-seller of high-quality plastic caps for Mason jars, is
developing an app that caters to those interested in using Mason
jars for creative uses.
The Erie Technology Incubator at Gannon University is
northwestern Pennsylvania's only technology incubator. It provides
early-stage, high-growth technology-based companies with office
space, mentoring, strategic guidance and other resources.
"We appreciate our partnership with Ben Franklin and are pleased
to congratulate these outstanding entrepreneurs," said ETI
Executive Director Jeffrey Parnell. "These collaborations will not
only help the companies, but also Gannon, the city of Erie, and the
Ben Franklin Technology Partners CNP,
an initiative of the Pennsylvania Department of Community and
Economic Development and funded by the Ben Franklin Technology
Development Authority, provides investment capital and business
support services to emerging tech-based companies and small,
existing manufacturers for the purpose of creating and retaining
jobs in Pennsylvania.