SAN FRANCISCO--(BUSINESS WIRE)--Oct. 30, 2014--
Autodesk,
Inc. (NASDAQ: ADSK) has announced that it intends to invest up to
$100 million in 3D printing companies over the next several years. The
Spark Investment Fund, which will be operated within Autodesk, is the
first of its kind for the 3D printing industry and will invest in
entrepreneurs, startups and researchers who push the boundaries of 3D
printing technology and accelerate the new industrial revolution.
Earlier this year, Autodesk announced Spark, an open and free* software
platform for 3D printing that will connect digital information to 3D
printers in a new way. Spark will connect to any hardware and be
materials agnostic, and the company invites the entire 3D printing
community to collaborate, build and improve the platform, its associated
Ember 3D printer and materials.
Companies and individuals developing groundbreaking hardware, software,
materials, marketplaces and maker spaces are encouraged to apply to
participate in the Spark Investment Fund’s investment portfolio. In
addition to the financial investment, Spark Investment Fund recipients
will become part of the Spark partner program and have access to
marketing and other developer services available to Spark partners. It
is through this unique combination of strategic investment and
value-added partnership opportunity that Autodesk seeks to extend and
empower the Spark ecosystem and spur innovation toward a more mature 3D
printing experience.
“The days of taking a closed, top-down approach to innovating for
additive manufacturing are behind us. Numerous industries recognize the
value of tapping into entrepreneurs or startups with better ideas and
approaches, and 3D printing is no exception,” said Samir Hanna, vice
president and general manager, Consumer Products and 3D Printing, at
Autodesk. “The Spark Investment Fund will empower innovators to improve
3D printing, and to help us unlock the tremendous promise of this
technology.”
To learn more about the Spark Investment Fund or to apply to become a
recipient, visit spark.autodesk.com/fund.
About Autodesk
Autodesk helps people imagine, design and create a better world.
Everyone--from design professionals, engineers and architects to digital
artists, students and hobbyists—uses Autodesk software to unlock their
creativity and solve important challenges. For more information visit autodesk.com or
follow @autodesk.
Autodesk and the Autodesk logo are registered trademarks of Autodesk,
Inc., and/or its subsidiaries and/or affiliates in the USA and/or other
countries. All other brand names, product names or trademarks belong to
their respective holders. Autodesk reserves the right to alter product
and services offerings, and specifications and pricing at any time
without notice, and is not responsible for typographical or graphical
errors that may appear in this document.
*Free products are subject to the terms and conditions of the
end-user license and services agreement that accompanies the software.
© 2014 Autodesk, Inc. All rights reserved.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding Autodesk’s
investment activities; Autodesk’s ability to provide financial support
for, extend and empower, and spur innovation, in the 3D printing
industry; the anticipated or potential benefits that entrepreneurs,
startups and researchers may derive from Spark and the Spark Investment
Fund; the timing and availability of Spark, the Spark Investment Fund
and 3D printing in general; and the anticipated market acceptance and
demand for 3D printing in general, and the Spark platform in particular.
These forward-looking statements are based on management`s current
expectations. The following important factors, without limitation, could
cause actual results to differ materially from those in the
forward-looking statements: risks that 3D investments do not materialize
or, if so, are not successful; risk related to potential investment
accounting impairment charges; risks that Autodesk does not successfully
invest in the 3D printing industry; risks that Spark may not perform as
anticipated; and risks associated with building market acceptance for 3D
printing.
Further information on potential factors that could affect the financial
results of Autodesk are included in Autodesk's Annual Report on Form
10-K for the year ended January 31, 2014 and Forms 10-Q for the quarters
ended April 30 and July 31, 2014, which are on file with the U.S.
Securities and Exchange Commission. Autodesk does not assume any
obligation to update the forward-looking statements provided to reflect
events that occur or circumstances that exist after the date on which
they were made.
Source: Autodesk, Inc.
Autodesk, Inc.
Media Contact:
Angela Simoes, 415-547-2388
angela.simoes@autodesk.com
Investor
Relations Contact:
David Gennarelli, 415-507-6033
david.gennarelli@autodesk.com