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7 February 2013

ARTP scrubs up with $2.6m

CMU spin out ATRP Solutions lands $2.6m from the National Science Foundation for cosmetics.

Author: James Mawson

ATRP Solutions, a US-based spin out of Carnegie Mellon University (CMU) has been awarded $2.6m in federal grants from the National Science Foundation (NSF).

The investment, awarded in the form of a Phase IIB SBIR and a new Phase I SBIR award, will be used to commercialise technology that could be used to make it easier to produce cheaper cosmetics, such as shampoo and other care products.

 “We recognize that the National Science Foundation has a highly selective due diligence process which makes these awards extremely competitive. We are honored to be chosen as a recipient by the NSF,” said Patrick McCarthy, chief executive officer of ATRP Solutions.

He added: “The credit for these successes goes to our very talented technical and commercialization teams. The NSF’s SBIR program has a sharp focus on identifying companies with strong teams who can bring products and technologies to commercialization that could have a transformational societal impact."

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