The Paspalis Innovation Investment Fund (PIIF) is the first venture capital fund launched in the Northern Territory (NT) and has provided venture capital funding for NT innovators including a $2 million investment in SPEE3D.
CEO of Paspalis Asset Management, Harley Paroulakis said, “This is a fantastic advanced manufacturing technology. I have faith that SPEE3D can take this Territory born technology to the world.”
“Hats off to CDU, the Northern Territory Government and AusIndustry for providing the support SPEE3D needed through their early stage of development. It’s the proof of concept and developmental years that are the hardest and its wonderful to work in an environment where this support is available.”
Co-founder of SPEE3D, Steven Camilleri tells us, “Finding venture capital locally was fantastic. It demonstrates the kind of can-do attitude that makes the NT an incredible place to do business and get things done.”
SPEE3D has developed the first metal 3D printer called Lightspee3D, that can leverage Supersonic 3D deposition technology. Lightspee3D’s technology aims to manufacture grade printing at production speeds and allows operators to print industrial quality metal parts in minutes.
For more information on Paspalis Venture Capital initiatives, go to the Paspalis Group website.