Two tech startups receive funding
By Kalea Hall
JuggerBot 3D plans to build two 3-D printer prototypes to further the company’s research.
Enyx Studios will create a trailer to market its new virtual-reality game.
This is what two local startups plan to do with the $25,000 they each received from Innovation Fund Northeast Ohio.
“These funds allow tech startups to reach their goals,” said Dan Fernback, chief executive officer of JuggerBot 3D. “A big ‘thank you’ for the support at the Youngstown Business Incubator, Innovation Fund and the Great Lakes Innovation and Development Enterprise.”
On Wednesday, Innovation Fund announced seven Northeast Ohio technology startup winners. Six winners will receive $25,000 each, and one startup, Drive My Way of Chagrin Falls, will receive $100,000, which is matched dollar for dollar to enable the company to complete $200,000 worth of projects.
JuggerBot 3D Electric, a YBI portfolio company based at the YBI offices on Federal Street downtown, is a technology-development firm that plans to introduce in September a line of engineering-grade 3-D printers that are easy to use and versatile.
The company plans to use its funding to build machines that it will deploy on case studies during beta testing. The case sites are a local automotive supplier and a renowned plastics-engineering university.
JuggerBot also recently received $25,000 from YBI’s and America Makes’ AMPED startup competition.
This is the first set of funding Enyx has won. The company started last April and is creating a game to sell for the PlayStation network.
With the funds, the company will be able to purchase additional hardware and software to speed up its development time. Enyx Studios also will use the funds to produce a high-quality trailer to promote its virtual- reality game, “A Haunting: Witching Hour.”
Enyx also is a YBI portfolio company.
“They make sure we are making the right decisions,” said Don Hileman, CEO of Enyx Studios. “Having access to people to answer your questions is invaluable.”