Crowdfunding website Indiegogo has this week announced a partnership with manufacturer Arrow Electronics to help projects which are funded to take the next step into production offering engineering and manufacturing assistance together with go-to-market support.
The initiative launched by Indiegogo has been created to help projects succeed rather than fail and hopes to reduce the number of massively backed projects such as the Zano Drone, Coolest Cooler and others that raise millions in funding but failed to provide backers with a product.
The press release explains a little more :
Indiegogo, the global platform for entrepreneurs to bring their ideas to life, and Arrow Electronics, the global technology company providing products and solutions that guide innovation forward, today forged a strategic alliance to create a groundbreaking new crowdfund-to-production platform aimed at accelerating the pace of innovation for technology and Internet of Things (IoT) entrepreneurs.
Arrow is integrating its comprehensive design and production platform into Indiegogo’s crowdfunding engine—creating a first-of-its-kind program that will provide qualifying Indiegogo entrepreneurs with direct online access to Arrow’s design tools, engineering experts, prototype services, manufacturing support and even supply chain management—a total package of benefits worth up to $500,000. Arrow will assess select Indiegogo campaigns for their technical feasibility, manufacturability and overall impact; Arrow-supported campaigns will be denoted on the Indiegogo site with a special Arrow badge.
In addition to industry-leading technical and design support, Arrow will also provide qualifying Indiegogo entrepreneurs with discounts on bills of materials and technology-design software, as well as access to dedicated design engineers capable of solving the most complex design challenges via Arrow.com’s live video collaboration platform. Arrow will also feature select technology campaigns on Arrow.com and the Arrow technology-focused media network, which generates over 50 million page views a month.
Matt Anderson, Arrow’s chief digital officer adds :
This is a completely new model of social funding, innovation and production in the technology and IoT space. Crowdfunding has never before been integrated into a fully scaled innovation platform like this that spans collaborative online design, prototype support, production and supply chain management. – The Arrow-Indiegogo collaboration will enable successfully crowdfunded companies to scale faster than ever before to bring their products to market.
For more information on the new Indiegogo crowdfunding initiative jump over to the Arrow Electronics press release website for details following the link below.
Source: Arrow Electronics