Crowd Supply is a crowdfunding platform for innovative open hardware products. It allows hardware inventors and entrepreneurs to raise funds for bringing their products to market.
Crowd Supply: Crowdfunding Platform for Open Hardware Products
A crowdfunding platform for innovative open hardware products, allowing inventors and entrepreneurs to raise funds for bringing their products to market.
What is Crowd Supply?
Crowd Supply is an online crowdfunding platform focused on helping entrepreneurs bring innovative hardware products based on open designs and technology to market. It provides a place for hardware inventors, designers, and entrepreneurs to showcase their products, build community support, and raise funds through pre-orders to finance manufacturing.
Some key aspects of Crowd Supply:
Specialized for hardware products like consumer electronics, tools, musical instruments, IoT devices, robots, hobby equipment, and more.
Strong focus on open-source hardware projects and transparency.
Provides production support and guidance to creators.
Vetting process for campaigns to ensure legitimacy.
Fixed 5% fee, very creator-friendly terms compared to mainstream platforms.
Has helped launch over 500 new hardware products through successful campaigns.
Fosters a community of backers enthusiastic about cutting-edge hardware.
Overall, Crowd Supply serves as a launchpad for innovative hardware that may be considered too risky or niche for mainstream crowdfunding sites. Its open approach facilitates collaboration and knowledge-sharing around new technologies and products.
Crowd Supply Features
Features
Allows creators to raise funds to manufacture products
Connects creators with a community of backers
Offers flexible funding options like pre-orders and crowdfunding campaigns
Provides production support and guidance to creators
Ships products to backers when complete
Promotes open source hardware projects
Pricing
Freemium
Subscription-Based
Pros
Helps bring innovative products to market
Gives backers access to unique products
Allows creators to validate and fund ideas
Focuses on open source/open hardware projects
Offers production support to creators
Cons
High fees compared to some other platforms
Less well-known than mainstream crowdfunding sites
Lower number of visitors/backers than larger platforms
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