crowd sourcing, funding has been a big trend in the past year or two. The main reason is the amount of people that are willing to invest small amounts of money (starting with Obama's 2008 campaign).
This is a different approach but it also looks for the social aspect of the World we live in.
A very inovative idea i must say, and a great opportunity for young designers to have their products on the market.
Another great benefit is being able to get customized kits that makes it easier for a DIY enthusiast to find something very close to what they need.
On the part of hte designer, anyone coming here should understand that it is more than just cool designs, but meaningful designs. You can create anything that makes you feel good, but if its not relevant then no one will buy it. I think it would be a good lesson for designers, most of us think that once we've spend alot of effort in creating something, then everyone else must want it.
Hi Praabhakar_deosthali: Jameco said both designer and the distributor would hold the rights. Greg (Harris, Jameco VP of sales and marketing), perhaps you can elaborate.
This looks to be a good idea. The individual designers can get a platform weher they can generate business without the associated financial investment.
How will the intellectual property rights handled in such a scenario is however not clear
Ya you are right that money isnt the only measure. Designers will learn a lot too from the experience and competition. However, component designing while following extensive guidelines with a probable end result of your design being rejected can make you extremely disappointed when you are not rewarded. In case of a hobby, this might be acceptable as money wont be the only source of satisfaction.
It is a win-win situation for only the developers that get successful in selling their design.
@WaqasAltaf, I dont think success can only be measured by money earned. I am sure this portal will help many of the designers to improve their design skills because they can interact with other designers too.
It is a win-win situation for only the developers that get successful in selling their design. For those developers who put their hardwork in and dont get their designs to be sold, their hardwork is drowned. Nevertheless, we can be hopeful that many distributors and other members of supply chain will be able to step into the crowdsourcing projects and make this model a way for designers to get paid well without tolerating the painful process of recruitment at firms.
Plus there isnt long term job security in the task until many companies like Jameco step into crowdsourcing designs.
@Waqas, true. I feel this portal is win-win for both the designers and suppliers. Its helps designers to sell their idea and suppliers to sell their products. I hope we will see more innovative product being created by this portal.
@Laurie, thanks for the informative post. I feel this is an excellent community to learn, design, sell, teach electronics projects. I will definitely register with this community.
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Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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