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Atomik AM Secures €713k in Funding to Enhance Sustainable Manufacturing
In a significant step forward for female-led innovation, Liverpool-based Atomik AM has successfully raised €713k from the Northern Powerhouse Investment Fund II (NPIF II). Using this investment, the company aims to expand its team by 40% and secure larger premises to enhance its advanced manufacturing capabilities.
Leadership in Innovation and Sustainability
Founded in 2022 by Professor Kate Black, Atomik AM focuses on creating sustainable manufacturing solutions that prioritize innovative materials and processes. Black, who is also a professor of manufacturing at the University of Liverpool, states, "Here at Atomik AM, we believe that true innovation starts with putting materials and sustainability first." The money raised will enable the company to scale its patented technologies and deliver cleaner and more efficient manufacturing solutions globally.
The Context of Manufacturing in the UK
Current statistics from the UK government highlight the manufacturing sector's significant role in the nation's greenhouse gas emissions, contributing 16% in 2022. As Atomik AM develops new technologies, it addresses not merely the needs of manufacturers but also the pressing issue of environmental impact—proving that sustainability can drive profitability and innovation hand-in-hand.
Future Trends in Sustainable Manufacturing
Louise Chapman, NPIF II Fund Principal at Praetura Ventures, remarked on the holistic approach Atomik AM takes to improve manufacturing processes. Such strategies illustrate a growing trend in industries transitioning towards sustainability, where companies are actively reducing carbon footprints while maintaining productivity.
Conclusion: A Bright Future for Female Founders
The backing of Atomik AM reflects a larger movement to empower female entrepreneurs in tech and manufacturing. Funding female-led startups is crucial in fostering diversity and driving innovative solutions in one of the world’s most traditional industries. Financial institutions and service providers have an opportunity to support these emerging businesses as they lead our economy into a sustainable future.
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