Engadget has decided to give this whole crowd-funding thing a try with a competition called Insert Coin. This is part of an upcoming event called Expand that is supposed to let us get inside information on gadget construction and conception. This actually sounds refreshing compared to the giant commercial that other tech conferences can be (This is why Hackaday has never returned to CES).
Insert Coin is a contest that has hardware at the forefront. If you qualify, you could win $25,000 for your device as well as $1,000 to come show it off at their event.
To qualify, you’ll need to meet the following criteria:
- Existing products / updates to existing products will not be accepted.
- Product should not be officially announced, though those with limited coverage will be assessed on an individual basis.
- Product must not have an existing Kickstarter, Indiegogo or other crowdfunding effort already underway.
- Companies must be ready to launch crowdfunding campaigns around the event.
- Products must fall within Engadget’s coverage scope.
- Products must have a hardware component and not be purely software or web services in origin.
- Inventors will need a working prototype or other presentation for a team of Engadget editors ahead of the event.
- Simulations or product renderings will not suffice to enter Insert Coin; what you have to show to us must be functional.
- No products from major manufacturers will be accepted.
The rules seem fair and straight forward, and you know that we love the hardware focus of it all. We’ll be watching to see what comes out of this!