CrowdSpirit. Currently in beta-mode, the company hopes to go full circle on crowd-innovation: participants not only submit ideas for consumer electronics, but also take part in every stage of the product life cycle, up to purchasing the end result. In the first stage of the project, the focus will be on products with a market price below EUR 150 (USD 190). How it will work:
Step 1: The community sends ideas, fine tunes them & votes for the best one.
Step 2: The best ideas and their product specifications are jointly defined with CrowdSpirit's research and manufacturing partners. Community Investors start financing the product development.
Step 3: The first prototype is tested and fine-tuned by the community.
Step 4: Customers purchase products thanks to the CrowdSpirit supply chain. The community takes care of product support and recommends products to retailers.
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