Dubai, US entities combine to set up $100m 3D printing fund

Dubai Future Foundation on Saturday announced a partnership with US multinational software corporation Autodesk to provide $100 million financing for entrepreneurs and start-ups in the 3D printing sector in the region.

The two organisations signed a memorandum of understanding, whereby the Foundation will be in charge of identifying suitable investment channels for Autodesk’s Spark investment fund, a statement said.

It added that the investments will benefit businesses relying on 3D printing in their operations in an effort to develop this technology, catalyse innovation within the sector, and incubate and accelerate 3D-printing start-ups in the region.
Autodesk will be in charge of evaluating innovation in the regional 3D printing sector to map out a clear strategy for its Spark fund. … see more

source: arabianbusiness

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