none
none

PRICE BARRIER SPURS 3D STARTUP TO SEEDSTARS SYDNEY SUCCESS

06-08-2015
by 
in 

When faced with a $20,000 bill to create a 3D scan of a product, Rahul Koduri, Richard Boers and Asfand Khan set out to build a cheaper and easier alternative: Seven prototypes later, they’ve launched Eora3D, a startup focusing on 3D scanning and modeling powered by smartphones.

The entrepreneurs behind Eora3D were announced as the winners of Seedstars Sydney in July, and will be flown to Switzerland at the start of next year to compete for up to $500,000 worth of investments against 54 other international winners.

Seedstars is a global pitching competition, and Saturday marked the third time it has come to Sydney. The 12 selected finalists pitched to a panel of judges over the weekend.

To be eligible, the startups had to be less than two years old, have an MVP available, and have received no more than $US500,000 in funding.

Eora3D co-founder Rahul Koduri says they were asked some hard questions as part of the competition.

“It was a tough crowd to please,” he said.

“When you’re a seed-stage startup, you’re pretty good at pitching, but you’re not so sure what kind of questions you’ll get.”

His product, Eora3D, allows user to digitize a physical object into a 3D model through a smartphone app.“It’s just like taking a video,” Koduri says. “You hit record, leave it for three to five minutes and a 3D model will appear on the screen.”

Seedstars Australian ambassador Steven Arthur says Eora3D were crowned the winners mainly due to their global potential.

“They’ve got a well-defined product,” Arthur says.

“It’s competitively priced and it appeals to an industry market and as well as a novel market. The reason the judges decided to choose Eora was mainly its global potential, as well as the pitch, team, valuation, scalability, and uniqueness.”

Related news & editorials

  1. 21.11.2017
    21.11.2017
    by      In
    Darcy Ewing of Kurrupt Kustoms in Albury NSW was running compressed air from a 6-year-old reciprocating piston-style compressor when (in his own words) it virtually “S*** itself!”.
    This left his high-end auto body and customisation shop in real trouble with a total shutdown of all essential... Read More
  2. 21.11.2017
    21.11.2017
    by      In
    If the recent upheavals in Australian manufacturing illustrate one truth, it is the absolute necessity for forward planning, and more to the point, the importance of planning for growth – regardless of a company’s existing size.
    While the ambition to grow a manufacturing operation is one thing,... Read More
  3. 21.11.2017
    21.11.2017
    by      In
    Blockchain technology was invented to make the world’s first crypto-currency, Bitcoin, possible. Traditional currencies rely on intermediaries like governments, banks and clearing houses to guarantee their value and process transactions. Bitcoin uses digital technologies to cut out these middlemen... Read More
  4. 21.11.2017
    21.11.2017
    by      In
    Australian Tank Engineering (ATE Tankers) has been engineering and manufacturing tankers in Australia for nearly two decades. But whereas most vehicle manufacturers have seen sales decline in recent years, ATE has elevated itself through the trend with a transformative mindset that has enabled the... Read More