You can be on Entrepreneur’s cover!

This 3-D Printing Pen Hits $50,000 Kickstarter Goal In Two Hours The Lix pen shot past its fundraising goal in no time. The campaign, now in its second day, has raised almost $250,000.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

When we heard about the pen that allows you to doodle in three dimensions, we first thought, "Huh?!?" And then we thought, "Cool!"

Turns out, we weren't alone.

The Lix 3-D Pen surpassed its funding goal of 30,000 pounds – or about $50,000 -- on the crowdfunding platform Kickstarter within two hours of going live. Now in its second day, the campaign has raised almost $250,000.

Doodling in 3-D may be a hard concept to get your brain around. It helps if you watch the video below. The Lix pen is smaller and more nimble than the larger, bulkier first-generation 3-D printing pens. The gadget melts plastic and cools it rapidly so that the user can move his or her hand around in space and leave a line.

Related: Re-Making Manufacturing in the United States

The device was created by a team of three inventors in Europe -- Delphine Eloise Wood, Anton Suvorov, and Ismail Baran -- and the company is headquartered in London. The challenge for the team was to make existing 3-D printing technology smaller.

"The technology which is used in Lix Pen was developed from scratch. Our main goal was to create a professional tool which is easy to use and will have a high comfort," the team wrote on the Kickstarter campaign. "The most difficult problem for us was to reduce the size of the mechanical parts, reposition them and let them work together."

As part of the Lix fundraise, a pledge of approximately $70 will get a customer a single 3-D printing pen. For about $135, a customer will get a single Lix 3-D printing pen and three bags of plastic -- essentially, the pen's "ink" -- to use in creating works with the pen.

Related: From Relic to Beacon: Brooklyn Navy Yard Gets New Life as Cutting-Edge Manufacturing Hub

Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)

Fundraising

Avoid These 9 Pitch Deck Mistakes When Asking Others For Money

Crafting an efficient pitch deck requires serious effort, but at least it's not wandering in the dark since certain rules are shaped by decades of relationships between startups and investors.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.