On Friday, global crowdfunding platform Indiegogo announced that it has formed a new partnership with Arrow Electronics, a worldwide technology company that provides products and services to guide innovation.
The funding portal revealed that this new partnership will help to create a groundbreaking new crowdfund-to-production platform aimed at accelerating the pace of innovation for technology and Internet of Things (IoT) entrepreneurs.
“Through this partnership, qualifying tech campaigns on Indiegogo will be eligible for 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.”
Indiegogo stated that Arrow Electronics will also feature select technology campaigns on its website and its technology-focused media network, which generates over 50 million page views per month. The crowdfunding website went on to add that the partnership makes Arrow a key component of its efforts to support the entire product lifecycle for entrepreneurs which goes from idea and funding to design, manufacture and retail.
Matt Anderson, chief digital officer at Arrow, commented:
“The Arrow-Indiegogo collaboration will enable successfully crowdfunded companies to scale faster than ever before to bring their products to market.”
This news comes less than two weeks after Indiegogo announced its partnership with Celery, which aims to help the website’s creators who have completed a crowdfunding campaign to transition easily to their own pre-order store. Indiegogo and Celery will now provide creators an end-to-end platform for launching and growing entrepreneurial projects. Celery customers will now have access to Indiegogo InDemand which helps enable increased reach by tapping into new audiences.
“Celery will remain a standalone business and our tools will only get better as a result of this acquisition. We’re proud to provide creators the best tools to raise funds, take pre-orders, and continue selling. With Indiegogo, Celery will offer additional ways to build your business by reaching more customers on Indiegogo InDemand… By joining forces with Indiegogo, Celery creators can bring their products to life by tapping into Indiegogo’s vast community of early adopters. Together, Celery and Indiegogo can empower creators at a scale that lifts their creativity to the next level.”