Cardiorobotics (CMU) Awarded Qualifying Therapeutic Discovery Project Grant From IRS (10/29/2010)

CardioRobotics develops snake robot platforms for surgical and interventional applications. The company was co-founded by CMU professor Dr. Howie Choset, University of Pittsburgh surgeon Dr. Marco Zenati, and Technion University professor Dr. Alon Wolf.

Cardiorobotics, Inc. has been awarded a Qualifying Therapeutic Discovery Project (QTDP) grant from the U.S. government in the amount of $244,479 based on the Company’s certified 2009 research expenditures. The Company sought to take advantage of this unique funding opportunity provided by the establishment of the Qualified Therapeutic Discovery Project in late spring of this year, and we applied for QTDP funding in July in relation to our R&D efforts in developing our snake robot system. The application process included both financial information regarding our R&D spending as well as product and related medical benefits information. read more

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