Home Industry 3D Printer Manufacturer Ultimaker Receives € 15 Million Loan from European Investment...

3D Printer Manufacturer Ultimaker Receives € 15 Million Loan from European Investment Bank

Netherlands-based 3D printer manufacturer Ultimaker has received a loan of € 15 million from the European Investment Bank (EIB).

The company will use the funds to further strengthen their R&D activities and to roll out new products already in the pipeline. Additionally, Ultimaker has plans to roll out the pioneer program for 50 schools throughout the European Union. This program is designed to connect educators through an online community and free access to lesson plans, 3D printing tutorials and guides.

“Ultimaker is the kind of company that Europe needs to fill the innovation gap that we see with respect to the US and Asia”, said EIB Vice-President Pim van Ballekom. “The Bank is proud that it can be of added value for Ultimaker and praises its commitment to helping Europe push its technological edge.”

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Ultimaker’s research and development project is also supported by “InnoFin – EU Finance for Innovatiors” MidCap Growth Finance, backed by the EU through their Horizon 2020 funds.

“We are very pleased with the financial support of the EIB”, comments Ultimaker CEO Jos Burger. “It allows us to further strengthen our strong position in the global 3D printing market. As a European company we believe we have a special role in bringing 3D printing to young people all over Europe and we are glad to announce that, in close cooperation with the EIB, we are donating 50 of our Ultimaker 2+ printers – with one year of supplies – to schools all over Europe.”

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