ThruPore Technologies, a catalyst company based in New Castle, is taking big steps forward. In February, the company announced that it had closed on the first $540,000 in a round of seed funding. Since then, CEO Dr. Franchessa Sayler says the company has raised an additional $35,000 and is on its way to surpassing the minimum $600,000 it needs to obtain its first large contract, a major milestone for the company.
ThruPore will combine those funds with Small Business Innovation Research funding through the National Science Foundation and scale-up funding from its contract manufacturer to reach $2.3 million. Looking further down the road, Sayler says ThruPore is generating new intellectual property and is currently in the patent approval process on that front.
“The new IP is really one of the most exciting parts, because we’ve been able to do things that other companies have failed at,” she says.