Success in Sight: Our Traction Update on Pilots & LOIs
What a full 3 months have been already into 2023! Grateful we connected with amazing mentors and hardworking startups gaining a solid understanding of the industrial sector of Japan and Saudi Arabia. It was of paramount importance for 3DK Tech to utilise multiple platforms in talking about why metal 3D printing is important in the greatest problem humanity has ever faced, global climate change, and how it can change our understanding of industry. Finally, we got to showcase our impact on the world and our ability to still manufacture everything the world needs and will ever need, all the while reducing CO2 emissions, energy use, and material use, by a factor of 20x! Now, let’s get you briefed.
TL;DR
We were finalists at Hello Tomorrow APAC Deep Tech Summit
We reached the Top 40 at the Entrepreneurship World Cup
3DK Tech participated in the 500 Global Accelerate Aichi Program
3DK Tech is part of the top 60 startups in the Free Electron program
We’ve upgraded our MVP and are increasing printing automation
Quickly catch up? Let’s schedule 15 minutes here.
Key Asks
Looking for partners for paid pilot programs
Looking for angel investors and VCs with a specialty in aerospace
Do you know companies having metal printers and need to print materials not available from their service providers? Please reach out to us
In the last quarter we set up goals and here’s how we did:
Seed fundraise. Kicked off
Establish connections in Nagoya, Aichi, Japan. Goal Achieved
Expand our pilot programs. Goal Achieved
We're excited to kick off 2023 with a bang! Since the start of the year, we've been actively participating in various programs and initiatives, and we're thrilled to see traction in both our pilot projects and LOIs. Our metal 3D printing technology is gaining momentum in the market, and we're working hard to meet the growing demand.
Technical Side
We’ve solved issues in the environment and are currently automating
We’re solving some technical challenges, which previously prevented us from printing our full volume
We’ve been printing tensile samples for testing which will be available soon
Software:
AI Module Alpha version is deployed, you can see a preview here.
Business Side
We’re going to Geneva to present our invention at the International Exhibition of Inventions
We’ll be attending the EU Startup Summit in Barcelona on 20 - 21 April
Some final stats
Current burn is $11K/month, which gives us 5 months of runway, $55,000 in the bank.
In discussions with a HK company to start a partnership in developing a medical grade metal 3D printer.
In discussions with another aviation company to help them develop their Series 1 product.
Goals for Q2 2023
Raise the first tranche of our Seed raise of 200,000 USD
Sign MOU with medical company
Monetize on the currently running pilot programs
Start 2 pilot programs with 2 utility companies
Establish a network of potential partners in the EU
Many Thanks!
Big thanks to Janko from 500 Global for the continuous mentorship.
Also thanks to the whole 500 Global team for their support in the last few months.
Are you enjoying our blog posts as much as we enjoy writing them? We hope so! But hey, we always welcome your feedback, suggestions, and comments. So, don't hesitate to slide into our inbox at team@3dktech.com and let us know what you think. We might even throw in a few virtual high-fives too! Stay tuned for more updates on our progress and achievements!
Alex & the Team