Crowdfunding clearly boosted bicycle innovation. But sourcing bicycle components and parts is tricky, since most factories operate in Taiwan, China and south-east Asia. That’s why crowdfunded bicycle startups need a consultant in Asia to ensure a fast and smooth project management.
Crowdfunded bicycle startups need a consultant in Asia. In the recent years, crowdfunding (a form of crowdsourcing) clearly boosted bicycle innovation. In the past, independent bicycle inventors took an important financial risk. Indeed, creators had to rely on personal wealth or raise money through family and bank loan. Crowdfunding platforms nowadays turn to be a smart way to fund innovative bicycle projects.
The most popular crowdfunding websites are Kickstarter, GoFundMe and indiegogo. According to Wikipedia, crowdfunding worldwide raised over US$ 5.1 billion in 2013, 16 billion in 2014 and 34 billion in 2015. A few years ago, design website Designboom listed some successful bicycle projects:
- Bike LED lightning system Revolights raised US$ 215,621, surpassing its goal of $43, 500
- Innovative bicycle Onda Cycle raised US$ 46,704, surpassing its goal of $15,000
- Single-speed, chainless Bicymple raised US$ 45,092, surpassing its goal of $20,000
- Urban tour bike Horse Cycles raised US$ 39,217, surpassing its goal of $25,000
- Aluminum & Bamboo Bicycle by AluBoo raised US$ 102,065, surpassing its goal of $50,000
Discover the latest crowdfunded bicycle projects on Kickstarter: https://www.kickstarter.com
A long way from crowdfunding to product delivery
Yes, fundraising is difficult. But there is still a long way from crowdfunding to product delivery. Infact, sourcing bicycle components and parts is tricky. Nowadays, most factories and assembly lines operate in Taiwan, China and south-east Asia. Also, the challenge is to deal with a non-English native manufacturer. In a nutshell, miscommunication and wrong partner choice may ruin a good project.
That’s why crowdfunded bicycle startups need a consultant in Asia. Amongst Asian bicycle consultants, Cycle Export clearly stands out. Taipei-based consultancy Cycle Export® offers affordable B2B services matching the needs of crowdfunded startups. Services include manufacturer sourcing and project management. Cycle Export covers Taiwan, China and south-east Asia; basically everywhere you can find reliable bicycle factories. The ambition of Cycle Export® is to be your local assistant, ensuring a smooth and fast project management. Feel free to contact Cycle Export® for a free-of-charge case study.