Are you familiar with the section 179 deduction? Essentially you can subtract the cost of capital equipment like a 3D printer/scanner from your profit and reduce your tax bill. If you’re taxed at a 36% rate it’s like getting your new printer/scanner at a 36% discount. Now the limit has been reduced from $500,000 in 2013 to only $25,000 in 2014, but that’s still more than enough to add a new toy to your business or start a new business. Balboa Capital put together a great YouTube video explaining the process.
3D Industri.es (3DI) has created a new portal and search engine based directly on shapes. This allows you to find industrial parts quickly and easily based upon their shape alone. This removes any language barrier, any need for a part number or need to search supplier by supplier. We can see this being big with old and obsolete machinery, perhaps with out of business manufactures, allowing users to locate parts or compatible parts that are close enough.
I love the video news series called Engineering Newswire by Product Design & Development. Think of it as a “Daily Show” for engineering with a great mix of real news and satire. Recently they had a piece on how GM reverse engineers rival cars using 3D scanning of interiors and exteriors. See it at the 1:50 mark above! They also do a related “Kickstarter of the Week” series and here’s another link where they talk about a Kickstarter with mind reading EEG headwear that uses 3D printing to produce the helmet!
I was reading a great article about how traditional printer maker Epson is entering the 3D space. It makes me wonder if history is repeating itself like the dawn of the internet commerce revolution. During that time the market was flooded with new stores selling everything from vitamins to pet products. In a lot of ways the traditional brick and mortar companies were late to the party, but if you look at the internet today they essentially dominate. There was one major new player in Amazon.com, but most of the new guys either went away, were acquired or were relegated to a niche. Today we see a flood of new printers hitting the market and it makes me wonder how many will have staying power and which large company currently sitting on the sideline might come in and dominate. Continue reading