Arrow Electronics and Indiegogo have opened their crowdfund-to-production service. It 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 analyse 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.
These benefits include direct, online access to the prototyping tools available through Arrow.com and Silicon Expert, a comprehensive database for technology component design and comprehensive technical reviews of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts and the quantities of each needed to manufacture a product.
Also on offer are professional design-for-manufacturing product reviews and certification, up to $1,000 in materials for prototype development and free access to the Arrow Testdrive program to try out the latest innovations from leading semiconductor manufacturers with no up-front investment.
Customised marketing and promotional support on Arrow.com and through Arrow’s extensive technology-focused media network will be provided as well as 10 percent 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,
This includes supply chain services and contract manufacturing support worth up to $500,000, up to $10,000 in materials for prototype development and a dedicated local Arrow technical concierge available for on-call or on-site support.
The capaigns will also get 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 and 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 formalised an alliance in May after Indiegogo entrepreneurs had been increasingly turning to Arrow to help transition innovative ideas into successful commercial products.