NewsCovering Colorado


Local tech company receives grant to spur local economic growth

Posted at 8:57 AM, Nov 30, 2020
and last updated 2020-11-30 16:23:25-05

COLORADO SPRINGS — As we look ahead to our nation's economic recovery, the innovative companies that create job opportunities in the tech field are becoming more important.

Titan Robotics, Ltd., a leading manufacturer of industrial 3D printers, based in Colorado Springs, was awarded a $250,000 grant from the Colorado Office of Economic Development and International Trade (OEDIT)’s Advanced Industries Accelerator Grant Program. Out of 37 recipients across the state, Titan Robotics is one of two Colorado Springs companies to receive the grant.

You may remember, at the start of the pandemic, the company distributed several pieces of PPE gear to the community. According to OEDIT, the AI Accelerator Grant program received 100 applicants this grant cycle.

“This grant will allow us to accelerate and commercialize breakthrough technology in industrial additive manufacturing, furthering our mission of enabling the adoption of 3D printing into industrial production,” said Rahul Kasat, Titan Robotics Partner. “In addition to funding innovative technologies, this grant will help us drive economic growth and support new jobs in Colorado Springs."

Employees told News5, being a small tech company in a thriving city has it's rewards and challenges, and this grant will help them set themselves apart.

"We are a solutions provider to our customers who are very large companies across the globe," said Maddie Guillory, in Customer Relations. "These companies are using 3D printing in their production processes."