Amazon launches its own crowdfunding platform | Inquirer Technology
Close  

Amazon launches its own crowdfunding platform

/ 02:18 PM February 24, 2021
amazon

Amazon Smart Sticky Note Printer. Image: courtesy of Amazon

Amazon has launched its own crowdfunding platform, destined to promote potential new smart devices compatible with the firm’s Alexa intelligent assistant. The scheme has launched with three initial concepts, which must reach their crowdfunding targets to be built and sold directly by the famous e-tailer. Now, it’s over to internet users to validate the concepts by pre-ordering these gadgets.

The new program, called Build It, is based on the same model as regular crowdfunding websites. It lets users discover and fund particularly innovative projects by pre-ordering them at promotional prices. If, after 30 days, the project reaches its pre-established funding target, the device will be built and its investors will be among the first to get their hands on it, before any wider-scale distribution. If that target isn’t met, the concept goes no further and pre-orders aren’t debited.

ADVERTISEMENT

The platform has launched with three initial concepts: a smart cuckoo clock, a smart nutrition scale and a smart sticky note printer, all compatible with Alexa. The latter device reached its funding target in just a few days and so will be built. The two others are also on the right track to securing production.

The platform stands out from its competitors thanks to its phenomenal firepower, since all the projects in question are directly accessible via the Amazon online store. Moreover, this platform will allow Amazon to develop an unprecedented ecosystem around Alexa, making it even more of a must-have. NVG

FEATURED STORIES

RELATED STORIES:

Is Amazon planning to launch its own cryptocurrency?

Alexa now provides automatic and instant translations

The latest tech news delivered to your inbox

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
TOPICS: “Alexa”, Amazon, Artificial Intelligence, crowdfunding, smart devices
Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.

Subscribe to our technology news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.