Exploring crowdfunding for innovators in new video

29-11-2019 | Mouser Electronics | New Technologies

Mouser and celebrity engineer Grant Imahara have unveiled the third video in the Engineering Big Ideas series, part of their Empowering Innovation Together program.

In part three, Imahara joins with Josh Lifton, president of Crowd Supply, a crowdfunding platform based in Portland. This company partners with creators and entrepreneurs who utilise the service to tap pools of small contributions from the public to fund ideas. The company also offers mentorship from their staff of product development veterans, fulfilling a role comparable to a business incubator.

“In the prototype stage, creators are often plagued by funding challenges and face design bottlenecks,” says Glenn Smith, president and CEO of Mouser Electronics. “Platforms like Crowd Supply give designers access to a wealth of monetary and intellectual resources, opening avenues to innovation not previously accessible.”

“By helping address major issues in funding and launching products in general, Crowd Supply helps level the playing field for creators by sharing these essential resources,” adds Imahara.

Imahara’s and Lifton’s conversation looks at the processes and resources accessible to assist innovators to best determine whether it is feasible to produce their ideas. Throughout their discussion, they examine the method of taking an idea from concept through to prototype, to ultimately a product that someone will wish to buy or invest in.

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