Distributor sets up “crowdfunding-to-production” innovation pathway
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 formalized an alliance in May 2016. Current and new Indiegogo technology or design campaign entrepreneurs interested in applying to become “Arrow Certified” should visit www.arrow.com/indiegogo
Free-with-order Raspberry Pi
To mark the official launch of the Arrow-Indiegogo crowdfund-to-production service, Arrow is giving away a free Raspberry Pi 3 single-board computer (approximate retail value of $34.99) with every purchase of $100 or more on Arrow.com by the end of 26th August 2016; offer details at; www.arrow.com/en/research-and-events/articles/raspberry-pi-promo-details
(Small print; “The Arrow certification program on Indiegogo is open to individuals 18 years and older and companies meeting certain residence and other restrictions. Certification program period: August 25, 2016 to December 31, 2017. Sponsor: Arrow Electronics, Inc., 9201 E. Dry Creek Rd., Centennial, CO 80112. Details and complete rules available at https://www.arrow.com/indiegogo/terms-and-conditions”)
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