Indiegogo Teams with Arrow Electronics to Accelerate Technology Entrepreneurs’ Path to Market
May 20 2016 - 12:00PM
Business Wire
Arrow Will Provide Indiegogo Tech
Campaigns with Exclusive Engineering Assistance & Go-to-Market
Support
Indiegogo, the global platform for entrepreneurs to bring their
ideas to life, and Arrow Electronics (NYSE:ARW), the global
technology company providing products and solutions that guide
innovation forward, today forged a strategic alliance to
create a groundbreaking new crowdfund-to-production platform aimed
at accelerating the pace of innovation for technology and Internet
of Things (IoT) entrepreneurs.
Arrow is integrating its comprehensive design and production
platform into Indiegogo’s crowdfunding engine—creating a
first-of-its-kind program that will provide qualifying Indiegogo
entrepreneurs with direct online access to Arrow’s design tools,
engineering experts, prototype services, manufacturing support and
even supply chain management—a total package of benefits worth up
to $500,000. Arrow will assess select Indiegogo campaigns for their
technical feasibility, manufacturability and overall impact;
Arrow-supported campaigns will be denoted on the Indiegogo site
with a special Arrow badge.
“This is a completely new model of social funding, innovation
and production in the technology and IoT space. Crowdfunding has
never before been integrated into a fully scaled innovation
platform like this that spans collaborative online design,
prototype support, production and supply chain management,” said
Matt Anderson, Arrow’s chief digital officer. “The Arrow-Indiegogo
collaboration will enable successfully crowdfunded companies to
scale faster than ever before to bring their products to
market.”
In addition to industry-leading technical and design support,
Arrow will also provide qualifying Indiegogo entrepreneurs with
discounts on bills of materials and technology-design software, as
well as access to dedicated design engineers capable of solving the
most complex design challenges via Arrow.com’s live video
collaboration platform. Arrow will also feature select technology
campaigns on Arrow.com and the Arrow technology-focused media
network, which generates over 50 million page views a month.
“We’re very excited for this collaboration with Arrow, as it
strengthens our commitment to helping entrepreneurs through every
step of their journey,” said Indiegogo CEO David Mandelbrot. “We’ve
seen an incredible amount of growth among tech and IoT projects on
Indiegogo due in part because our team is constantly developing new
ways to help entrepreneurs with support beyond funding.
Collaborating with Arrow is a superb example of how Indiegogo
partners with entrepreneurs through every phase of the
entrepreneur’s lifecycle.”
The two companies formalized an alliance after Indiegogo
entrepreneurs have increasingly turned to Arrow and the new
Arrow.com to help transition innovative ideas into successful
commercial products. Solar Roadways, the project to turn roads into
renewable energy sources, launched on Indiegogo and raised more
than $2.2 million in funding. With Arrow’s product support, the
company is currently installing its first project in Idaho. JIBO,
the world’s first social robot for home, raised over $3 million in
funding on Indiegogo. With Arrow’s design engineering support and
services, JIBO robots are currently making their way to homes
across the globe.
The new agreement makes Arrow a
key component of Indiegogo’s efforts to support the
entire product lifecycle for entrepreneurs on the platform—from
idea and funding to design, production and sales. Arrow’s unique
investment in digital tools, e-collaboration, and e-commerce has
enabled the company to scale across a much larger customer base
than a traditional brick and mortar model would allow.
“We have transformed Arrow.com into a comprehensive source of
electronic components, datasheets, design tools, online engineering
collaboration, reference designs and how-to content on the
Internet,” said Anderson. “We are excited to unleash the resources
of Arrow.com together with our industry leading, global, field
teams, technical experts and project consulting services to a vast
new audience.”
Over the last year, Indiegogo has introduced new services
meant to support entrepreneurs beyond the crowdfunding stage of
their business, including InDemand, which enables campaigns to
continue accepting pre-orders after their crowdfunding efforts end,
and the new Marketplace, an Indiegogo storefront for business
owners to sell products that are shipping now. Collaborations with
Brookstone and Amazon also help entrepreneurs on Indiegogo get
their products to retail quicker than ever before.
Indiegogo technology campaigns interested in participating in
the new Arrow program should visit www.arrow.com/indiegogo.
About Indiegogo
Indiegogo is the place for entrepreneurial projects to move
quickly from concept to market, amplified by a community of backers
who believe the world benefits when every idea gets an equal shot
at success. Indiegogo empowers people to unite around the ideas
that matter to them and together make those ideas come to life. As
the world’s first crowdfunding platform, campaigns have launched
from almost every country around the world with millions of dollars
being distributed every week due to contributions made by the
Indiegogo community. At its core, Indiegogo is the equal
opportunity platform dedicated to democratizing the way people
raise funds for any project –creative, entrepreneurial or
cause-related. The company was launched in 2008 and is
headquartered in San Francisco, with offices in Los Angeles and New
York. For more information, visit Indiegogo.com and follow us at
Twitter.com/indiegogo and Facebook.com/indiegogo.
About Arrow
Arrow Electronics is a global provider of products, services and
solutions to industrial and commercial users of electronic
components and enterprise computing solutions. Arrow serves as a
supply channel partner for more than 100,000 original equipment
manufacturers, contract manufacturers and commercial customers
through a global network of more than 460 locations serving over 85
countries. Learn more at www.fiveyearsout.com.
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Arrow ElectronicsMeghan
Macdonald,303-882-8610mmacdonald@arrow.comorIndiegogoJohn
Eddy,646-660-8648john@goldin.com
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