Ten start-ups from the Stanley +Techstars Additive Manufacturing Accelerator program pitched their latest technologies aimed at advancing the additive manufacturing space in front of an audience of 500 angel investors, venture capitalists, businesses, academics and local government dignitaries.
Selected from an application pool spanning 11 countries, 60 percent of this Techstars class hailed from outside the U.S., including Canada, Ireland, Israel and Ukraine.
The companies, which had been working in Stanley Black & Decker’s new Manufactory 4.0 Advanced Manufacturing Center of Excellence in downtown Hartford, covered each of the three main elements of additive manufacturing: Hardware (printers), Software (operating systems and decision-making algorithms), and materials.
After successfully completing Demo Day and presenting their company propositions to prospective investors, these teams patiently wait to see if companies are interested in investing. At the same time, Stanley Black & Decker is making decisions to see which companies may fit within their profile as well.
In the interim, these start-ups are making tremendous progress coming out of the accelerator. A few examples include:
- MetalMaker3D built their new Profoundry solution in the facility.
- Kwambio began pre-orders for their commercial 3D Ceramics printer, announced the launch of their desktop version, and made headway into the bio-medical space.
- Calt Dynamics developed a printer that leverages their new patented process for 3D Printing called Physical Mask Curing (PMC).
- Astroprint obtained relationships with 20% of the 3D printing manufacturing market.
“Thank you to Techstars and our leadership team for providing these ten teams with resources and access to mentors and investors from around the country,” said Martin Guay, Vice President of Business Development for Stanley Black & Decker. “Thank you as well to the Hartford community for your support in welcoming these teams. We’re proud to see how far these start-ups have come and look forward to their future success.”
The Additive Manufacturing Initiative is part of Stanley Black & Decker’s broader commitment to empowering makers and innovation around the world. The company operates more than 100 manufacturing facilities globally, including 30 in the U.S. and three in Connecticut. Three of the company’s “Lighthouse Factories” have partially implemented Industry 4.0 technologies – from manufacturing execution systems (MES), to 3-D printing, virtual reality, robotics and artificial intelligence.
Stanley Black & Decker looks forward to seeing the impact these ten companies make around the world and thank them for being a part of their first-ever Stanley+Techstars Accelerator program!