HaxAsia’s accelerator program brings Asian hardware startups to Silicon Valley for crowdfunding
As more consumer hardware startups crop up on crowdfunding platforms, an accelerator program HaxAsia has launched in Singapore to give a helping hand to those focusing on Asian markets. Behind the accelerator is a group of investment firms — Ruvento Ventures, IncuVest, DI-Group and SpinUp Partners. Slava Solonitsyn, the managing partner of HaxAsia, says: We’ve seen the explosion of successful crowdfunding launches recently, which brought to the world great products such as the Oculus Rift and Pebble Watch… However, most of the hardware teams launching crowdfunding campaigns often fail to communicate their product ideas well, lack the distribution network and underestimate the manufacturing risks and costs. All…
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