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Youngstown Business Incubator & America Makes Accepting Applicants for $100K 3D Printing Startup Competition with AMPED 2016

by • July 27, 2016 • No Comments

ybilogoYou most likely understand a lot of individuals who have excellent business thoughts and actually possess a few by yourself. From a thing one-of-a-kind like an car gadget to a transforming new medical device, there are unlimited ways to offer alter and manufacture improvements to just of any industry in our day. But while it’s one thing to have an thought rolling around in your head, delivering it forth is another altogether. We may have the most intentions for setting the world on fire with which awe-inspiring new concept, but which day job, bringing care of family, and paying the bills frequently come initially. And and so, there’s which little matter of capital. Without it, actually the most thoughts frequently get snuffed out preceding they quite get going.

For a few innovators, yet, the drive to succeed and put their thoughts out there is so compelling which it becomes priority number one. That dream turns into a real spark, evolving into a create—and one which may indeed be completely viable in the marketplace. The team starts considering of a prototype, financial strategies are outlined, and both the product and business plan are on their way to being solid. Whilst there can yet be a long way to go, in our day there are numerous programs on the market to help innovators and startups hoping to commence the future excellent thing—and especially in 3D printing.

Incubators and challenges offer a excellent way to nurture which beginning business, and we report on a lot of activity coming of America Makes, an organization which has become understandn as an accelerator for startups inside the additive manufacturing space. From commenceing multiple project calls for advancements requireing a commenceing pad inside the 3D printing industry to awarding millions in funding to those chosen, we’ve in addition seen them engaged in other pretty huge interests like a new Directed Project Opportunity to improve US Air Force sustainment operations.

am logoNow, America Makes—a part of the National Additive Manufacturing Innovation Institute—is working again with The Youngstown Business Incubator and the Burton D. Morgan Foundation (BDMF) as they commence another startup competition with AMPED 2016. Just like last year as we followed their 2015 competition, we see another $100K challenge headed by YBI, focusing on both additive manufacturing and 3D printing. This year, the challenge opened on July 1st but has a deadline of October 17th.

Those who manufacture the finalist round (announced on October 28th) can commence their management teams, marketing strategies, and pitch their thoughts to a panel of judges with industry experience. The winners can, according to a new press release by YBI, obtain world class business assist of YBI as well as access to a of the world network comprised of additional than eight thousand business and advancement professionals.

To be eligible, you must be part of an early stage startup or existing business aspiring to commercialize new advancement. Applicants must in addition live in Northeast Ohio, or be caning to relocate. Ultimately, the winner can be awarded an equity investment of up to $100K, met as they complete outlined phases. Winners can be chosen according to superb business and technical skills, along with a sturdy business version indicating viable market opportunity.

“Burton D. Morgan Foundation assists programs which champion the entrepreneurial spirit and offer to assembling a additional robust economy in Northeast Ohio. We believe AMPED aligns with our undertaking by providing entrepreneurs with the resources they require to turn it into which future excellent thought,” said Deborah Hoover, President and CEO of Burton D. Morgan Foundation.

Whilst any tech-based businesses are welcomed, it helps if startups who apply are ‘in alignment’ with the America Makes Technology Roadmap, a concept we’ve delved into previously as it is part of what helps them outline and attain their goals in so most of their projects. If applicants meet the key points, they obtain extra points in the scoring rubric. The Roadmap entails the next focal areas:

Design: Ideas which avoid constraints of important limitations synonymous with current create tools or practices which were originally created for conventional manufacturing processes.Material: Creating a paradigm shift away of controlling process parameters to controlling the underlying physics of the additive manufacturing to complete consistent reproducible microstructures.Process: Driving technological advancements which enable faster, additional accurate, and higher more detail resolution additive manufacturing machines with larger create volumes and improved “as-built” part quality.Value Chain: Driving technological advancements which enable step alter improvements in cost and time to market for additive manufacturing generated products.Additive Manufacturing Genome: Accelerating technological advancements which enable step alter in the time and cost required to create, create, and qualify new materials for additive manufacturing.

As all involved work additional to encourage advancement and spur on entrepreneurship in Northeast Ohio, this can mark the 2nd year which YBI has sponsored the competition with the Burton D. Morgan Foundation and America Makes. YBI and America Makes are located on the same campus and they work together on a variety of projects. Today, there are ten 3D printing based startup companies housed at YBI.

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Last year saw three local companies obtain funding due to their participation in the competition:

JuggerBot 3D – founded by three new YSU engineering alumni, creates an low-cost industrial grade 3D printing device compatible with a range of materials, offering an exceptional user interface.Smart 3D Solutions – their new StrideSense process empowers all runners to perform faster, safer, and additional efficiently by providing real-time feedback on their running form.Freshmade 3D – uses digital manufacturing for manufacturing rare and custom parts for the restoration industry with a one-of-a-kind crowd-sharing version for part createment.

“This is another excellent example of integrating additive manufacturing advancement startups and their new solutions to the national additive manufacturing ecoprocess,” introduced Rob Gorham, Director of Operations at America Makes.

Visit YBI for the full Rules and Requirements regarding this competition.

You can submit your application to AMPED here. Any inquiries should be sent to Gianna Centofanti at gcentofanti@ybi.org. And if you’d like additional information on the America Makes Technology Roadmap, please visit America Makes. Discuss this challenge additional over in the YBI & America Makes 3D Printing Startup Competition forum over at 3DPB.com.

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