Makielab secures £100k of TSB funding

The new toy firm will use the investment to kick-start its 3D printing project.
Author:
Publish date:
5_Makielab doll.jpg

Makielab is one of forty companies to win £100,000 from the TSB Tech City initiative, pitching against competition from over 200 other start-ups.

In order to unlock the £100,000, winners were challenged to match the sum with private investment, which Makielab has done.

'Tech City' is the UK's burgeoning tech centre located in and around 'silicon roundabout' - which is near Old Street in East London. TSB offered a total pot of £2 million to new firms in the area.

As ToyNews reported in July, Makielab is attempting to fuse a children’s virtual world with toys, realising digital characters as a physical product with 3D printing.

Alice Taylor, Makielab founder told ToyNews: "The money will go towards building the first pipeline to take the digital product to boxed product."

The toy company is now seeking its next round of investment.

Image placeholder title

The lead product (prototype pictured) was revealed in a blog post on the Makielab website. The firm is now working on 'skin colour, eyelashes, eyebrows, better articulation and joints, plus accessories.'

If you have no idea what 3D printing is, or what it could mean to the toy industry, check out this video.

Related

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019