NDLI: Crowdfunding for hardware

Content Provider	IEEE Xplore Digital Library
Author	Dern, D.
Copyright Year	1964
Description	Crowdfunding—collecting money from a bunch of people to fund a project—has in the last few years gone from “doable but tough” to "so easy we can’t remember how we lived before," thanks to sites like Kickstarter and Indiegogo. Particular beneficiaries of the new era are those wanting to make physical devices, who have often struggled for funding because of the higher risk and capital requirements of hardware development over software. "Crowdfunding validates the product-market fit early in the development cycle, before you’ve spent millions of dollars creating something nobody wants," says Scott Miller, CEO and cofounder of Dragon Innovation, in Cambridge, Mass., which offers certification and manufacturing expertise. "It provides the capital essential for buying the tools and inventory. And it's the most efficient form of marketing: It creates an informed community who then evangelizes," says Miller.
Starting Page	22
Ending Page	23
Page Count	2
File Size	1552838
File Format	PDF
ISSN	00189235
Volume Number	52
Issue Number	1
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2015-01-01
Publisher Place	U.S.A.
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Crowdfunding Product development Hardware
Content Type	Text
Resource Type	Article
Subject	Electrical and Electronic Engineering

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in