A high-tech Lancaster startup took first place in Ben Franklin Technology Partners’ innovation competition “Big Idea” on Thursday, which took home the $ 30,000 grand prize.
Faubion Jewelry, a maker of unique engagement and wedding rings, passed seven other finalists in the virtual competition.
Founded by Andrew Wolgemuth and Brian Elliott, Faubion opened in April and operates two employees and 10 contractors.
Faubion’s process begins with collaborating with customers via Zoom to design a ring. Once the design is complete, Faubion uses a 3D printer to create a wax resin version of the ring. From that version, a copy is cast in brass, set with cubic zirconia “diamonds” and then sent to the customer for approval. When the customer approves, the right ring is made.
The finalists were selected from 115 applications submitted by new tech entrepreneurs and small producers from across Ben Franklin’s 32-county footprint.
Ben Franklin Technology Partners, an initiative of the State Department of Community and Economic Development and funded by the Ben Franklin Technology Development Authority, has been providing investment capital, business support services and operational assistance to new tech startups and small manufacturers for nearly 40 years.