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Forwarding Enquiry: Building hardware startup
Hi,
I wonder what is the chance of building a successful hardware startup? I have ideas of a wearable device but no prototype yet, so it is difficult to raise fund to even start to do any testing of the idea.
I have sent my application to many US angel investors such as Y-Combinator, Founders Fund, 500 startup etc. But no reply.
However, when I send the idea to MIT's professor at Multimedia Lab (Pattie Maes) she thinks it's a good idea and even ask me to join her lab.
I would like to get some advice here thanks!
I wonder what is the chance of building a successful hardware startup? I have ideas of a wearable device but no prototype yet, so it is difficult to raise fund to even start to do any testing of the idea.
I have sent my application to many US angel investors such as Y-Combinator, Founders Fund, 500 startup etc. But no reply.
However, when I send the idea to MIT's professor at Multimedia Lab (Pattie Maes) she thinks it's a good idea and even ask me to join her lab.
I would like to get some advice here thanks!
Customer support service by UserEcho
Most accelerators these days would like to see some form of prototype (and in some cases, preference for traction). There are hardware focused accelerators such as http://brinc.io/
Heading out to MIT would be a great idea, as they have the resources that would allow you to further prototype/build your idea.
The chances of building a successful hardware startup are increased these days with fundraising avenues such as kickstarter, though it'll likely still require a lot of hard work - check out this video of Jawbone's founder on his hardware startup journey that spanned more than a decade - http://startupclass.samaltman.com/courses/lec17/
Cheers,
Alex