Ron Rich, CEO of Atmosphere Recovery of Eden Prairie, is a veteran aerospace and environmental engineer who has spent 14 years trying to make manufacturing more efficient.
Earlier this month, the six-person company was named the national winner of the Cleantech Open competition among nearly 300 entrants from 30 states.
Rich's company will receive $250,000 in cash and business.
"Atmosphere Recovery's win is impressive," said Justin Kaster, an investment banker at Cherry Tree and regional director of the North Central Cleantech Open. "The Cleantech 'accelerator' program will help Atmosphere Recovery focus on their core business and competitive strengths."
Rich said he's already getting calls from prospective customers.
"We're really grateful for all the national connections and funding -- anything that can help us grow," Rich said.
The company began as a research project in 1994, funded by the U.S. Department of Energy and Dana Corp., the auto parts manufacturer. The goal was to save energy, reuse combustion gases and reduce emissions.
The good news? It worked. The bad news was that the auto parts industry in the flush 1990s was not receptive to changing. Rich focused instead on refining the analyzer business, which can be used by steel, ethanol, pharmaceutical and power plants, to help increase furnace efficiency and curb pollutants.