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Public Company Information:
NASDAQ: ADSK
SAN FRANCISCO – (BUSINESS WIRE) – Autodesk, Inc. (NASDAQ: ADSK), a global leader in design and engineering software solutions, has unveiled plans to invest up to $100 million in 3D printing ventures over the next few years. Known as the Spark Investment Fund, this initiative will operate under Autodesk's umbrella and is the first of its kind in the 3D printing sector. This fund aims to support entrepreneurs, startups, and researchers pushing the frontiers of 3D printing technology, fueling what many see as the dawn of a new industrial revolution.
This year, Autodesk introduced Spark, an open-source and free software platform designed to bridge digital information with 3D printers in innovative ways. Spark is compatible with various hardware types and materials, and the company is inviting the broader 3D printing community to collaborate, refine, and enhance the platform, along with its Ember 3D printer and associated materials.
Entrepreneurs and developers working on cutting-edge hardware, software, materials, marketplaces, and maker spaces are encouraged to apply for inclusion in the Spark Investment Fund's portfolio. Beyond financial backing, recipients of Spark Investment Fund grants will join the Spark Partner Program, gaining access to valuable marketing resources and other development tools offered to Spark partners. Through this unique blend of strategic investment and value-added partnerships, Autodesk aims to strengthen the Spark ecosystem, fostering innovation and maturing the 3D printing experience.
"The era of monopolizing innovation in additive manufacturing is over," stated Samir Hanna, Vice President and General Manager of Consumer Products and 3D Printing at Autodesk. "Many industries now recognize the importance of embracing entrepreneurial talent and fresh ideas, and 3D printing is no different."
For more information about the Spark Investment Fund or to apply, visit spark.autodesk.com/fund.
About Autodesk:
Autodesk empowers people to imagine, design, and create a better world. From professionals like designers, engineers, and architects to students and hobbyists, users worldwide rely on Autodesk’s software to unleash their creativity and tackle critical challenges. Visit autodesk.com or follow @autodesk for further details.
*Autodesk and its logo are registered trademarks of Autodesk, Inc., and its subsidiaries and affiliates in the USA and other countries. Other brands, product names, or trademarks belong to their respective owners. Autodesk reserves the right to modify product offerings, specifications, and pricing without prior notice and accepts no responsibility for typographical or graphical errors in this document.
*Free products are subject to the terms and conditions of the accompanying end-user license agreements.
© 2014 Autodesk, Inc. All rights reserved.
Safe Harbor Statement:
This press release includes forward-looking statements involving risks and uncertainties. These include statements about Autodesk’s investment activities, its capacity to support, extend, and drive innovation within the 3D printing industry, the potential benefits entrepreneurs, startups, and researchers might gain from Spark and the Spark Investment Fund, the timing and availability of Spark and the Spark Investment Fund, and market acceptance of 3D printing technologies. Based on current expectations, these forward-looking statements could be affected by several factors. Risks include the failure of 3D investments to materialize or succeed, possible investment accounting impairment charges, lack of success in investing in 3D printing, Spark not performing as expected, and difficulties in establishing market acceptance for 3D printing.
For more information on factors that could impact Autodesk’s financial outcomes, refer to the company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2014, and its Quarterly Reports on Form 10-Q for the periods ending April 30 and July 31, 2014, both filed with the U.S. Securities and Exchange Commission. Autodesk assumes no obligation to update these forward-looking statements to reflect events occurring or circumstances existing after the date they were made.
Contact:
Autodesk, Inc.
Media Contact:
Angela Simoes, 415-547-2388
angela@autodesk.com
Investor Relations Contact:
David Gennarelli, 415-507-6033
david@autodesk.com