21 June 2019
AM-Flow receives R&D investment from Innovatiefonds NH
to industrialize 3D printing workflow
AM-Flow, an initiative of Amsterdam based Borges3D, received a convertible loan of €300.000 from the Innovatiefonds Noord-Holland.
Wouter Keij, Director Innovatiefonds Noord-Holland:
In industry, 3D printing is becoming more and more viable and, thus, more important in production. As a result, we are now at the forefront of AM industrialization. This asks for specific solutions that fit 3D printing production processes. The solutions provided by AM-Flow address this acute need in the market. In addition, the fact that other parties have also funded this round is another conformation of the opportunity and the plans of AM-Flow.”
This financing will enable AM-Flow to further develop their Artificial Intelligence based product identification and sorting technology as the next step in creating the digital product line for 3D printed objects. Clients are to be found in all industries currently increasing their activities and investments in 3D printing. Thus enabling the scaling of prototyping and serial production of parts and/or replacement parts.
Stefan Rink (L) & Wouter Keij (R)
Stefan Rink (AM-Flow):
“Now is the time for AM to start competing on price with mass manufacturing. This is only possible with a fully digital workflow; design is digital, printing is, but post-processing still is entirely manual. AM-Flow’s technology offers this end-to-end industrialization.”
Bas van Berkestijn (Borges3D):
“This financing from the Innovatiefonds Noord-Holland – thanks also StasburgReeve for supporting the application – enables us to further develop our technology to optimally fit the 3D printing processes of our target customers and their growth strategies.”
ABOUT HET INNOVATIEFONDS NOORD-HOLLAND
The Dutch Innovatiefonds Noord-Holland is established by the Province North-Holland, University of Amsterdam, Amsterdam University of Applied Sciences, Amsterdam UMC and Sanquin, with support from Europe via the European Regional Development Fund. The fund supports start-ups and SME in the Province North-Holland by providing early stage convertible loans to support innovation in the stage of Proof-of-Concept. www.innovatiefondsnoordholland.nl