Distributor sets up “crowdfunding-to-production” innovation pathway

August 26, 2016 // By Graham Prophet
Distributor Arrow Electronics says it is “bringing crowdfunded technology to life with Indiegogo” - working with the platform for entrepreneurs to bring their ideas from concept to market, Arrow’s crowdfund-to-production service is aimed at accelerating the pace of innovation for technology and internet of things (IoT) entrepreneurs.

Entrepreneurs can apply for Arrow certification on the Indiegogo platform. Arrow Electronics’ engineers will then analyze the design and manufacturability of each application. Projects deemed “ready for manufacturing” will be denoted with official “Arrow Certified” badges on their Indiegogo campaign site to let potential backers know the project is ready for production.

 

“Arrow Certified” campaigns on Indiegogo will lock-in up to $50,000 in benefits that help entrepreneurs succeed in prototyping and manufacturing their innovative products, which include some or all of the following:

- Direct, online access to the prototyping tools available through Arrow.com and Silicon Expert, a database for technology component design

- Comprehensive technical reviews of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts and the quantities of each needed to manufacture a product

- Professional design-for-manufacturing product reviews and certification

- Up to $1,000 in materials for prototype development

- Free access to the Arrow Testdrive program to try out the products from leading semiconductor manufacturers with no up-front investment

- Customized marketing and promotional support on Arrow.com and through Arrow’s technology-focused media network

- 10% off and free shipping on millions of products available through Arrow.com that will help accelerate prototyping and bringing innovations to market

 

In addition, a handful of “Arrow Certified” campaigns - that Arrow experts deem truly technologically exceptional - will qualify as “Arrow Innovator” campaigns and receive additional support, which includes some or all of the following:

- Supply chain services and contract manufacturing support

- Up to $10,000 in materials for prototype development

- A dedicated local Arrow technical concierge available for on-call or on-site support

- Perk protection that guarantees campaign backers will get their money back if for some reason the product is never manufactured—providing current and future campaign backers with increased confidence

- A fast-tracked review with Arrow’s in-house financing team to help fund the cost of getting production up and running

 

Arrow and Indiegogo