Over the past several years, alternatives in financing have created a boon of new products. Crowd-funding platforms like Kickstarter and Indiegogo are bringing together inventors and investors to bring innovative products to the market faster than ever.
Several innovations have fallen well into the purview of the hardware industry. Housewares, home automation, safety and security, plumbing and tools are just a few categories that have benefited from crowd-funded products. Below are products the hardware industry can look forward to in the new year and beyond:
- HomeBiogas® – converts organic waste into cooking fuel (methane) and fertilizer for individual home use.
- Qube – a Wi-Fi enabled smart lightbulb.
- Atmotube – a personal air pollution meter.
- LAPAZ and Wistiki – item trackers that help locate misplaced items or can be used to track lost pets or children.
- FoldFlat –food storage containers.
- FLUID Learning Water Meter – monitors water usage in real time and can help detect water leaks or determine areas of high water usage.
- Fluxo Smart Lamp – move the light in any direction with app and sensor control.
- dTAPE5T Bluetooth smart digital laser distance meter – smart and compact digital distance meter.
- MoJoe Travel Mug and Coffee Brewer
- 3D printers and precision cutters
While many of these products are not currently available, or are available in limited quantities at this time, retailers can get ahead of the game by taking advantage of product knowledge and finding out what products appear to be of interest to consumers.