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Need funding for NEW adult beverage accessory product - heading to kickstarter
Posted by: Michael H on 12/19/2016 3:38:22 PM
Funding Needed:
$100k - $250k
Category:
Consumer Products & Services
Location :
Minneapolis, USA
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Description:
I have designed a consumer product which I am very excited about. This is a product I have had in mind for the last 4-5 years. The target market for this product is actually quite vast as the product uniquely serves both as a functional accessory for the adult beverage market as well a piece of art for ones home. I have developed the 3D CAD models for this project. The assembly consists of 6 parts, each requiring tooling created for molding. I and am currently printing 3D prototypes to refine design and ensure the parts integrity. I originally planned to bring this product to Kickstarter in order to raise capital for the $35k-50k in tooling required for the molding of the 6 pieces in this assembly. In addition to the cost of tooling I will require an additional sum of $30k-50k for the first production run of parts and a small amount for advertising. I figured I would check this website first to see if there was any interested backers who would like to team up to fund this project in exchange for a percentage of the sales before I proceed with a kickstarter crowd funding or to replace the need for it entirely. If I can find someone here to supply the capital we can still go to kickstarter with the project (purely for advertising and boost sales) or we can take it directly to retail suppliers. This project will require around $85,000-$120,000 in capital for tooling and parts, depending on the size of the first production run we decide on.
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