LOUISVILLE, Ky. (Nov. 28, 2016) — Students in the University of Louisville’s new 3-D Printing Business Incubator spent the past semester designing and prototyping new products. Now, they have the chance to pitch their innovations to potential investors.
The students, from the J.B. Speed School of Engineering’s Mechanical Engineering Department, formed ten “startups,” then worked together to design a product, prototype it using 3-D printing and build a business case around it that could compete for a future round of financing.
Each team will present their products at a venture day morning event on Dec. 5 at the Shumaker Research Building on the Belknap Campus. More information on the individual teams is available here, and event details are below.
“We are excited to have a hundred design engineers leverage disruptive 3-D printing technologies to create business with new products for biomedical, industrial, transportation and consumer sectors,” said professor Sundar Atre, Endowed Chair of Manufacturing and Materials, who launched the incubator. “What they have accomplished this semester is truly extraordinary.”
The University of Louisville has robust advanced manufacturing capabilities, including 3-D printing. The university connects industry to those resources through the Institute for Product Realization, which seeks to create an ecosystem that spurs innovation.
Companies are invited to sign up to mentor the incubator teams and provide a market focus for their products.
Each team received technical mentorship from faculty and will receive business mentorship from an investment group. They also were assigned a student project manager and a graduate student with relevant product research and development experience to serve as chief technology officer.
Another ten teams will be added in January, when spring classes begin. At the end of each term, investors and other community stakeholders will be brought in to hear pitches from the teams.
WHAT: University of Louisville 3-D Printing Business Incubator Venture Day and lab tours
WHERE: Shumaker Research Building on the Belknap Campus (map here)
WHEN: 8:30 - 10:30 a.m., Monday Dec. 5.
Director, Marketing and Communications
Institute for Product Realization at the University of Louisville