The 3D printer manufacturer ValCUN has been selected for funding from the European Innovation Council (EIC). The funding consists of a grant of €2.5 million and the option to receive up to €5 million in additional equity investment. The funds will be used for the further development of ValCUN’s proprietary MMD (Molten Metal Deposition) technology.
The funding consists of a grant of 2.5 million euros and the option of up to 5 million euros in additional equity financing. The funds will be used for the further development of ValCUN’s patented Molten Metal Deposition (MMD) technology.
MMD is a single-stage metal deposition process that relies on the use of commercially available metal wires. This promises user-friendly operation and rapid implementation, enabling a cost reduction of 75% to over 90% compared to other metal AM technologies. MMD thus paves the way for industrial series production. The technology is characterized by sustainability – thanks to energy efficiency, minimized waste and the absence of toxic chemicals or powders. In addition, MMD enables excellent time to finished part due to reduced post-processing (no debinding, sintering, powder removal or HIP).
Recently, ValCUN announced the launch of its Minerva printer and Minerva print head, both based on MMD technology and specifically designed for aluminum. The unveiling will take place at this week’s FormNext trade fair in Frankfurt am Main. The Belgian cutting-edge research center Sirris has already ordered the first Minerva printer.
Jonas Galle, CEO of ValCUN, expressed his excitement about the EIC funding: “We are thankful to the EIC for selecting ValCUN for this highly competitive and prestigious program. We are committed to enabling sustainable, safe, and cost-effective metal manufacturing solutions and are excited to have the EIC recognize the potential of the MMD technology to deliver on our vision. With this funding, we aim to push the boundaries of what’s achievable in the world of Advanced Manufacturing”.
ValCUN will showcase its MMD-based solutions at FormNext in Hall 12.0, Stand E32. The funding from the EIC marks a significant milestone for the company to consolidate its position as a pioneer in metal additive manufacturing and accelerate the industrial application of its technologies.