iMakr.vc partners with think3D.in to fund Indian 3D printing projects
Additive Manufacturing, more popularly known as 3D printing has become a buzzword in the last few years. Every other day, we get to see some interesting news about 3D printed houses, 3D printed prosthetic limbs, jewellery and so on. So revolutionary is the technology that all the experts predict that 3D printing will change the face of manufacturing in the next 20 years. Seeing the immense potential 3D printing offers, many passionate entrepreneurs from India are jumping into the 3D printing bandwagon bringing this revolutionary technology closer to the masses. Adding to the lure is the fact that key technology patents in this space expired and thus IP became accessible to everyone in the last few years.
To tap into this growing entrepreneurial activity in 3D printing space in India, iMakr.vc, world’s leading dedicated 3D printing fund has partnered with think3D.in to launch a dedicated seed fund for 3D startups in India. The mission of this fund is to support the best in class/ innovative 3D printing start-ups emerging out of India.
For the last 2 years, iMakr.vc was receiving several requests for incubation and investment from India based 3D entrepreneurs on a regular basis and the company was looking for an advisory team in India to evaluate these proposals and facilitate the funding process. Few months back, iMakr team met the founders of think3d.in, a startup in 3D printing space in India. Passionate and well qualified think3d team became their natural choice to play the role of advisor and incubator for iMakr. iMakr.vc brings in its expertise and exceptional track record to the partnership while the Indian partner brings in the Indian market know-how and the local expertise.
think3d.vc, a new seed-fund set up and run by the think3d team, will be responsible for all the due diligence of ideas received by iMakr.vc from India and the successful applicants will enter one of the three dedicated programs established by iMakr.vc (campus, incubator, accelerator). Think3d.vc shall also offer incubation space for the successful applicants from India. Together, these two companies hope to tap into the fast growing industry which is poised to reach $16.2 billion dollars by 2018 from the current $3.8 billion globally, growing at an annual rate of 45.7% as per Gartner report on 3D printing.
iMakr.vc was founded in 2012 by Sylvain Preumont, a seasoned entrepreneur with over 15 years of experience creating and managing tech and industrial corporations. It was launched with a mission to invest in promising projects operating in 3D printing and 3D scanning sectors. In the last 2 years, iMakr.vc has successfully invested in imakr.com, myminifactory.com, miniyou. co.uk, newton3d.com and is in look out for interesting projects in 3D printing space.
iMakr.vc invites Indian 3D printing projects to apply at www.imakr.vc.
think3D.vc was founded in 2014 by two 3D printing entrepreneurs Prudhvi Reddy and Raja Sekhar Upputuri who are currently running a 3D printing portal in India – www.think3d.in. Prudhvi Reddy and Raja Sekhar Upputuri were classmates at BITS Pilani.
After BITS, Raja worked for some time in Aricent and then went on to pursue his MBA from China Europe International Business School. Post his MBA, he founded a multinational digitization company called ScanCorner which is headquartered in Switzerland with presence in India and 5 other European countries.
After graduation, Prudhvi joined IIM Calcutta to pursue his PGDM. His work history includes rich stints with technology companies like Freescale, Cognizant, Firefly Internet ventures in product/management roles. Before starting think3d, Prudhvi worked for T.I.M.E., one of the largest test prep companies in India and was instrumental in building their GATE product and scaling it up across the country. He was also the in-charge of elearning initiatives of TIME. In 2014, they both joined hands to take up the challenge of creating a 3D printing eco-system in India, and started think3d.in. They are planning to build think3D into one of the top global companies in 3D printing space in the next 5 – 10 years.
Visit www.think3d.vc for more information.
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