Edison Nation wants to see your crowdfunding ideas!
Edison Nation is introducing a new crowdfunding tool to drive higher success potential for your ideas to be commercialized.
This tool will take the heavy lifting out of running your own campaign.
Edison Nation is looking for ideas that meet the following criteria:
- Desired categories:
- Kitchen products (tech & non-tech)
- Office (tech & non-tech)
- Home (tech & non-tech)
- Functional, feature-driven fashion
- Performance/Fitness (tech & non-tech)
- Outdoors/Camping Lifestyle (tech & non-tech)
- Consumer Technology/Electronics
- Products that typically do well in crowdfunding are usually batched into two categories:
More about the Edison Nation Crowdfunding Evaluation Process:
Similar to our standard innovation searches, ideas will be reviewed through our standard eight-stage evaluation process. On an ongoing basis, ideas that reach the “Finalist Stage” (Stage 7) will be reviewed by our team of crowdfunding experts. Ideas selected for campaigns will be moved to Stage 8 (G8).
For all ideas that are chosen, Edison Nation will handle the costs to develop the product and create and run the crowdfunding campaign. There will be no additional costs beyond the initial submission fee ($25 for free members, $20 for Insiders) to participate in this search.
Successful campaigns will provide a stronger position for products to be commercialized either directly by Edison Nation and Xspand Products Lab team or through a traditional licensing agreement.
More about Crowdfunding:
Crowdfunding is, by definition, “the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.”
By focusing on a bigger purpose, the driving force behind a brand, crowdfunding project creators are able to create a unique community of like-minded individuals. Each campaign is set for a goal amount of money and a fixed number of days. Once the project is launched, each day is counted down and the money raised will be tallied up for visitors to follow its success. Instead of traditional investors, crowdfunding campaigns are funded by the general public.