Saskatchewan entrepreneur’s 3D Peachy Printer $500,000+ on Kickstarter (20 days to go)

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Financial Post  |  | 25/09/13 1:51 PM ET

Peachy 100 3D printerA Saskatchewan-based entrepreneur is quickly becoming a Kickstarter celebrity with his pitch to build a $100 3D printer.

On Friday, Rylan Grayston, 28, of Yorkton, Sask., posted his plea for $50,000 to help manufacture his so-called Peachy Printer, which would be not only inexpensive but easy to use. It would also be designed to work as a 3D scanner.

Related: View the Peachy 3D printer and scanner campaign page now

Grayston said the money would help improve the printer’s prototype, enhance its software, and would facilitate a bigger production run to get the price down to the $100 mark.

His pitch clearly connected with the crowdfunding community at Kickstarter.

He reached his $50,000 goal in a little over a day and has since signed on more than 3,000 backers who have pledged more than $400,000 in funding.

And he still has three and a half weeks to recruit more supporters.

Grayston said he was pushed to build his own 3D printer because he couldn’t afford the $3,500 price tag for the model he wanted. He then set out to make it as cheap as possible.

“I had read in some forums somebody had said, ’When the technology gets cheaper one day it’ll be only $100,’ and a whole bunch of people then argued that would never happen,” he said.

RelatedCanadian Crowdfunding Directory

“It took me an entire year of building printers and throwing them in the garbage when I realized there was a better way to do it. I’ve thrown away a lot of printers.”

Grayston admits his printer isn’t a finished product yet and needs some work before it’s ready to ship out to 3D printing enthusiasts. But he’s confident the Peachy Printer will get there and can even outperform other 3D printers that sell for thousands of dollars.

“There’s still a bit of trial and error in getting this printer to work but I have 100% confidence that it will work flawlessly, I know exactly what needs to be done,” he said.

“I need the funding to pay engineers that know exactly what they’re doing and can get this thing down to a science.”

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