Crowd funding is a new way to realize great ideas with the collective effort of individuals who network and pool their resources, usually via the Internet, to support efforts initiated by other people or organizations. The two basic models are All or Nothing (AoN), and Keep it All (KiA) crowd funding.
The AoN model, sometimes called the Street Performer Protocol, collects money from the contributors if the fundraising goal is met. If the goal is not met, no money is collected.
The KiA model means no matter whether the project goal is met or not, all of the funds collected (minus commission) are handed over to the entrepreneur. If he or she has insufficient funds to meet the objectives, then it is up to the recipient to refund them to the contributors.
Crowd Funded Robot Projects
One of the leading crowd funding service provider, Kickstarter, launched in 2009, facilitates AoN based gathering of monetary resources from the general public. Below are some example of crowd funded robot projects crowd funded via Kickstarter.
A 4" multi-motor animated mobile robot with sound for being controlled by an Open Source Android / iOS APP via Bluetooth. (334 backers with $46,671)
Stompy: The Giant, Rideable Walking Robot
1,571 backers, $97,817
OpenROV - The Open Source Underwater Robot
OpenROV is an open-source underwater robot for exploration and education. We want to provide kits for the DIY community. (484 backers with $111,622)
Romo– The Smartphone Robot
Romo is a highly functional robotic toy that uses your smartphone as its brain. (1,152 backers with $114,796)
Hexy the Hexapod - Low-Cost Six-Legged Open
Robotic Hexapod kit. Cute, cheap, easy and fun intro to advanced robots. Arduino-powered, and all Open Hardware/Software. (861 backers with $168,267)
These are the first signs of a radical change in robotics development and funding. Generation Z will become the driving force in coming robotic race, that in the long run will change our way of living, our world views, our society and our identity.
If you have a great robotic idea. Check out here.