A business developing 3D printers for the consumer market has been picked as having great potential to grow.
OmniDynamics has taken the South West best start-up crown in the Lloyds Bank Enterprise Awards. As well as banking a cheque for £1,000, the firm goes into the national final.
But more important for the young company, which is based at the Bristol Robotics Laboratory at UWE’s Frenchay campus, is the recognition and kudos the title brings, as well as additional business support.
Chief executive and founder David Graves said: “We are delighted to win the best start-up prize, and it has presented us with the perfect opportunity to market ourselves and move the business forward.
“We are going to put the money towards the recycling element of our product, so we can reduce plastic waste reduction.
“The mentoring support we will receive will also be a vital to the development of our firm, as it will provide us with the business advice needed to take the company forward.”
The award recognises businesses that have been running for less than two years but have the potential to grow and be profitable.
Omnidynamics was recognised for its work building and developing a product which will help introduce 3D printing to the consumer market.
The innovative product, The Strooder, was developed by robotics students during their placement year at the University of West England, and transforms plastic pellets into plastic filament that can be used in 3D printing.
Many experts predict 3D printing will be the next big thing to transform our lives and businesses on a scale not seen since the rise of the internet.
David and fellow founder Greg Gruzecki recently raised more than £50,000 for the programme through a crowdfunding campaign on the Kickstarter platform.
David Beaumont, area director SME Banking, South West, Lloyds Bank Commercial Banking, said: “The awards are proof that entrepreneurial spirit is alive and well in the UK. Speaking with all of the shortlisted businesses, I was impressed with the level of drive and determination that these young business owners have.
“The presentation given by OmniDynamics really brought to life their business ideas and commercial skills to convince all of the judges that they were the worthy winners.”
The grand final takes place in Edgbaston on October 15.