Though many things are uncertain in these difficult times, Formnext has so far stayed the course. The AM industry’s largest global event, Formnext is planning to go ahead with its Fall 2020 conference, adapting it to comply with Germany’s COVID-19 precautions. Now the event organizers have revealed details about the much-anticipated Formnext Start-Up Challenge, which is preparing for its sixth iteration.
The Formnext Start-Up Challenge is a prolific contest that serves to highlight and boost some of the most promising young companies in the industry. Over the past five years, it has offered a platform to now influential players in 3D printing, including 3YOURMIND, DyeMansion, Sinterit, Kumovis and Trinckle 3D. The winners of the challenge have been presented with exposure and helpful resources aimed at helping them grow their product and presence.
“The Start-up Challenge is a well-publicized success story that has been rewarding very interesting young companies from additive manufacturing for a number of years,” explained Sascha F. Wenzler, Vice President of Formnext at Mesago Messe Frankfurt GmbH. “Among other advantages, it has given them the opportunity to showcase their business to a specialist international audience as part of Formnext and get off to a flying start in the AM market.”
The 2020 edition of the Formnext Start-Up Challenge will offer these same advantages to its winners, plus more. That is, in addition to a fully equipped exhibition booth at Formnext, inclusion in a pitch event and other professional marketing and communications activities, Formnext will this year bestow on one of its participants the the AM Ventures Impact Award.
This new award, sponsored by investment company AM Ventures, will be given to one startup in recognition of sustainability practices relating to the United Nations’ 17 sustainable development goals. This award will consider a number of things, including green energy and resource conservation, as well as social aspects like education and equality.
“The potential offered by additive manufacturing for addressing the major global sustainability challenges is significant. The technology can be used to make drives more efficient, minimize material consumption, accelerate repairing cycles, and extend battery ranges,” said Arno Held, Chief Venture Officer at AM Ventures. “In all areas, AM can improve the world if we use the technology correctly. The Impact Award aims to help raise awareness of this.”
The Formnext Start-Up Challenge 2020 is now accepting applications from any up-and-coming company with a product or service that is market ready. Applicants must not be majority-owned by an established company and must have been founded after December 2014. This year, the Formnext Start-Up Challenge will be judged by an international panel of high-profile representatives from across the industry, including Dr. Kristian Arntz, Managing Director and Partner at ACAM Aachen Center for Additive Manufacturing GmbH; Stefanie Brickwede, Head of 3D Printing at DB and Managing Director of Mobility goes Additive; Arno Held, Chief Venture Officer of AM Ventures; and others.
Submissions for the sixth Formnext Start-Up Challenge are welcome until the submission deadline on September 4, 2020. Winners will be announced in the same month.