Crowdfunding & Hardware Prototyping Revolution
In a world where VCs typically shy away from funding hardware inventions, entrepreneurs are finding new ways to ensure hardware innovation makes a comeback. Startups were afforded new flexibility in how they raise funds when the JOBS Act was signed in April. There is now greater potential to fuel entrepreneurs inventing new devices, especially when considered with the growing power to build even the most complicated prototypes in an easy and affordable way.
Not only are hardware entrepreneurs leading the growing maker movement, but they are also getting noticed thanks to makerspaces like TechShop, a chain of workshops that provides members with affordable access to prototyping tools, classes and design software. Those same hardware inventions built at TechShop locations are also getting off the ground with outstanding funding support from crowd-funding sites like Kickstarter, showing that people crave hardware innovation to the point that they are paying for it en masse.
Additional Supporting Materials
- Mark Hatch, CEO, TechShop
connie zheng, Associate, North of Nine Communications
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