The Paspalis Innovation Investment Fund (PIIF) has begun
building its track record in 2019 with some world class investments and projects
at the Darwin Innovation Hub.
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.
In may 2019, Paspalis invested $2 million directly into
SPEE3D as part of their Series A fund raising strategy, marking a significant
financial achievement in the economic narrative and history of the Northern
Harley Paroulakis states, “This is a fantastic advanced
manufacturing technology. I’ve 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
Paspalis investment in SPEE3D will assist the company to
capitalise on its first mover advantage and stay ahead of its competition as it
builds international market share establishing SPEE3D as one of the world’ most
exciting additive manufacturing technology companies.
These precious funds will be used to employ key business development
manager, develop improved machines and market the sale of machines in to new
SPEE3D has also signed a collaboration agreement with the
Darwin Innovation Hub to develop new sales channels in international markets
such as China.
The investment validates the economic value and potential of
the company and encourages this fast maturing start-up to establish a larger
board and governance structure that is able to better serve the company as it
transitions from being an Australian innovator to global dominator.
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.”
For more information on Paspalis Venture Capital initiatives go to Paspalis
https://darwininnovationhub.com.au/wp-content/uploads/2019/07/spee3d_TQ.png592740emilyhttps://darwininnovationhub.com.au/wp-content/uploads/2020/07/DIH-logo-web.pngemily2019-07-03 10:36:002020-12-23 14:22:42TERRITORY Q: Paspalis venture capital provides a boost to Northern Territory start-ups
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