Xometry Celebrates Manufacturing Day by Establishing the Xometry Scholars Program in Collaboration with Howard University
October 01 2021 - 9:00AM
Xometry, Inc. (NASDAQ: XMTR), a leading AI-enabled marketplace for
on-demand manufacturing, today announced the creation of the
Xometry Scholars Program in partnership with Howard University.
Xometry will pledge more than $900,000 to provide eight
scholarships over the next four school years to students enrolled
in the Department of Mechanical Engineering at the Howard
University College of Engineering and Architecture.
In conjunction with Manufacturing Day,
which seeks to raise awareness about advanced manufacturing careers
and prepare the current and next-generation workforce for the
skills and jobs of the future, the scholarships will be awarded to
students in need who are studying for a mechanical engineering
undergraduate degree and are interested in pursuing a career in
manufacturing.
“Manufacturing and Design is one of
the top competencies within the Department of Mechanical
Engineering, so this partnership in support of historically
underserved and underrepresented groups of STEM students is
incredibly timely. By enabling students to acquire the top-notch
training we provide and current knowledge of industry practices,
there is a win-win future where the current manufacturing skills
gap is reduced and the US human capital pool can continue to remain
relevant and become the model," said Nadir Yilmaz, Ph.D., P.E.,
chair of the Department of Mechanical Engineering at the Howard
University College of Engineering and Architecture.
The creation of the Xometry Scholars
Program is part of the Xometry.org donor-advised fund launched
earlier this year. This initiative is dedicated to supporting
sustainable manufacturing initiatives and providing educational
opportunities for underrepresented communities.
Under the Xometry.org program, over
the next five years, Xometry will pledge 1% of its equity to fund
educational opportunities for underrepresented students,
environmental conservation efforts, and a variety of socioeconomic
causes to build a more sustainable future. The program will focus
on continuing education, early education, energy production, and
conservation.
“Xometry has always supported causes
ranging from education to environmental conservation to civic
responsibility and we are proud to formalize this program through
the creation of the Xometry Scholars Program,” said Laurence
Zuriff, Co-Founder and Chief Strategy Officer of Xometry. “Part of
re-establishing U.S. manufacturing leadership is expanding the
cohort of talented mechanical engineers, machinists, and
technicians. In order to accelerate innovation, the U.S. needs more
than just material infrastructure. It needs to invest in training
the next generation with the skills that are essential to modern
manufacturing. We are proud to do what we can to make an impact
here.”
According to a recent report by
Deloitte and the Manufacturing Institute, the worker shortage in
manufacturing has been exacerbated by the COVID-19 pandemic.
Xometry’s priority is to support underrepresented communities in
STEM across the United States through tuition support, particularly
for those pursuing mechanical engineering degrees and vocational
training to simultaneously provide new opportunities for
underrepresented communities while addressing the manufacturing
skill shortage and subsequently revitalizing U.S.
manufacturing.
The Xometry.org program will also
support efforts to increase clean energy production and will devote
significant funds to offsetting carbon emissions through land and
sea conservation. In 2020, the company implemented a carbon offset
program within its Xometry Instant Quoting Engine, which calculates
each order's estimated carbon footprint and the cost to offset the
emissions.
For more information
about Xometry.org, please visit www.xometry.org.
About Xometry
Xometry is a leading AI-enabled marketplace for on-demand
manufacturing, transforming one of the largest industries in the
world. Xometry uses its proprietary technology to create a
marketplace that enables buyers to efficiently source on-demand
manufactured parts and assemblies, and empowers sellers of
manufacturing services to grow their businesses. Xometry’s buyers
range from self-funded startups to Fortune 100 companies. Learn
more at www.xometry.com or follow @xometry.
Media
Contact: Ellen Miles fama PR for Xometry
Xometry@famapr.com
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