Avnet, Dragon Innovation and Kickstarter Launch Hardware Studio
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Based on survey findings, Avnet infographic depicts challenges facing hardware designers developing new technology and bringing it to market. (Graphic: Business Wire)
To meet these challenges and to help creators and designers bring new
technologies to market faster, today Avnet, Dragon Innovation and
These new programs are designed to help guide startups through the product development cycle and get their ventures into the right channels as quickly as possible.
"Entrepreneurs are working on multiple projects at once, across various
technologies and industries, and the development process can be long and
complicated. While it's getting easier to build products, startups are
finding it more difficult to overcome key obstacles in taking their
technology products to market. Often times these challenges are
Insights from the survey highlight the advantage
- More than two-thirds (76 percent) of those surveyed find that it's getting easier for them to develop and test prototypes, while nearly half (45 percent) say that that it's getting easier to identify the right technologies for their project.
- According to those surveyed, the period of time following initial design and preceding manufacturing is the most significant stage of product development. More than half said that the most critical stages for product development were prototype development (33 percent) and early stage development (22 percent).
Internetof Things (IoT) technologies were, by far, those technologies considered most important by makers for the design of their products and services. Four out of five (84 percent) said sensors were a critical technology and three in four (77 percent) said IoT was a critical technology. After that there was a considerable drop, with 36 percent identifying lighting and display, and 28 percent selecting artificial intelligence as a critical technology.
Merriman added, "Through Hardware Studio Connection, we can facilitate access to technology and tools and help makers and engineers alike understand the cost and path to deliver their products to market. Together with Dragon Innovation, we're leveraging our expertise to help customers of all sizes, from the individual creator and smallest of startups to large multinationals, by taking the risk out of their campaigns and increasing the success of their technology projects."
The survey, conducted by Avnet of its Hackster.io community, provides insights into the maker and engineering community. The company's recent expansion into the startup community underscores its commitment to supporting customers of all sizes through each stage of the technology product lifecycle.
Additional key findings from the survey include:
- Forty-three percent of startups are currently working on developing technology applications for two or more projects. Thirty-two percent of these projects are focused on consumer goods, while nearly a quarter (23 percent) are in IT and data analysis or utilities (22 percent). One in five (20 percent) projects are in the not-for-profit space.
- Nearly one in three (30 percent) report it's getting more difficult to identify the right market for sales.
- Roughly three-quarters of those surveyed (73 percent) have not sought funding. Further, a majority (61 percent) of designers surveyed who secured funding for their products did so during the prototype phase.
- Nearly two-thirds (65 percent) of those surveyed say that it's getting much or somewhat more difficult for them to get financing for development.
The launch of
Avnet's acquisition of both Premier
Farnell (including its element14
community) and Hackster.io
last year expanded the company's reach to more than two million
customers and an active community of more than 750,000 entrepreneurs,
makers and engineers worldwide. Announced in August, Avnet's acquisition
of Dragon Innovation strengthens the company's role in developing new
technology products by simplifying the manufacturing process,
particularly for those projects that advance
To see how Avnet is helping guide its customers through each phase of the technology product lifecycle, please visit: https://www.avnet.com/wps/portal/us/company/about-avnet/success-stories.
All brands and trade names are trademarks or registered trademarks, and are the properties of their respective owners. Avnet disclaims any proprietary interest in marks other than its own.
From idea to design and from prototype to production, Avnet supports customers at each stage of a product's lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.
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