A high growth Penn State startup, KCF Technologies deploys mostly wireless vibration monitoring into factories to reduce unexpected equipment failures, reduce process and energy waste, and dramatically improve the safety of the operating conditions. They serve a variety of industries including pulp/paper, automotive, power plants, and even museums like the Smithsonian.
“KCF optimizes American manufacturing by giving machines a voice,” explains KCF President and Co-founder, Jeremy Frank.
KCF Technologies is a standout among Penn State’s industrial partners. Not only do they provide strong support to students by sponsoring the College of Engineering’s senior design capstone projects and support the rapidly growing entrepreneurship community, but they work with Penn State researchers on challenging business problems.
“There’s such a breadth of expertise across the faculty and departments,” Jeremy says. “Anytime there’s a topic we don’t have expertise in, we can find the individual or lab that does. We have access to the talent and global experts on nearly every topic that comes up. And because the nature of our business is to optimize American manufacturing, which is very broad, we’re talking about many diverse sectors. There’s an expert at Penn State in nearly every one. It’s a wonderful partnership, and we’re thrilled to be connected.”
Jeremy’s also been a speaker at Happy Valley LaunchBox and he mentored students in Invent Penn State’s Summer Founders Program. Additionally, KCF Technologies, along with Videon, sponsored Happy Valley LaunchBox’s pilot Hedy’s Garage program where student entrepreneurs work with companies on a project to create new technology and have an opportunity to earn a share of the projects result, which could be ownership in a company spinoff.
“Hedy’s Garage was a great opportunity to share our experience with a new start-up to help them get off the ground,” says Jeremy. “We actually started with two projects and set it up as a bit of a rivalry between ourselves and Videon. I’m pleased to say we have already lost,” Jeremy said. “Our team galvanized around Videon’s after our project stalled out, and they are moving forward. And I hope to be their first customer. It’s a good example of how entrepreneurship really works: you try things and you have to recognize that they don’t always work the way you expect them too. And that’s perfectly fine. With a combination of humility and aggression, you hit the reset button and move in the direction that seems more likely to be successful. I’m thrilled to see our students making those decisions and moving in a path that will lead them to success and accelerated learning, which is even more important. There’s nothing like being on your own and trying to make your own money.”
Based in downtown State College, KCF was founded in 2000 by alumnus Jeremy Frank and Gary Koopmann. The founders met when Jeremy was a graduate student working on his PhD in mechanical engineering at Penn State and Gary was an Emeritus Distinguished professor of mechanical and nuclear engineering.
In its early days, KCF received support from Ben Franklin Technology Partners and won $25,000 from the Shale Gas Innovation Contest in 2014. Later that year Ben Franklin announced $475,000 in funding for five Pennsylvania startups and KCF was one of the selected companies. These collaborations have been invaluable to KCF Technology’s growth and development as evidenced by Penn State alum making up over half of KCF’s employees. The company is a strong recruiter of Penn State graduates.
“We’ve collaborated a lot over the years, and we get the most benefit from accessing Penn State talent and expertise. We’re growing quickly and hiring lots of people, so that connection is vital. Penn State is a wonderful incubator of talented individuals who are change makers,” Jeremy says.
The feeling is mutual. Jeff Fortin, Penn State Associate Vice President for Research and Director of the Office of Industrial Partnerships, says, “KCF is a great example of a local, fast-growing company that works with Penn State in a variety of ways.”
The changing entrepreneurial landscape at Penn State and in State College has created immense enthusiasm among local businesses and innovators.
“There are so many things happening at Penn State that were not happening 20 years ago when we started KCF,” Jeremy says. “I think those of us that have been around are absolutely thrilled to see them happening – the supportive community of entrepreneurship is a wonderful thing. The biggest impact that it can have is on our culture. If we create a culture of support and acceptance around entrepreneurship and the idea that failure is not only okay, but a good thing, then we can actually build a very healthy, vibrant economy around it. And that’s what I really see in Penn State’s role–creating the underlying culture that shows support and acceptance of entrepreneurship to allow the individuals who are capable to rise into it and flourish.”