HAC Token is a cryptocurrency that was created in order to unite engineers from all over the world. HAC Token provides startup teams with complex help in turning their idea into the product ready for mass production. The first step on the way to product creation is manufacturing of the working TRL4 prototype.
Hackspace Capital invests its funds in the establishment of Hackspaces that provide engineers, inventors and hardware enthusiasts with access to all the materials and equipment necessary for TRL4 prototype manufacturing. All the financial relations within hackspaces and Hackspace Capital ecosystem are established by the means of HAC Token. For the most successful projects, Hackspace Capital will provide HAC Token grants for usage of the platform’s manufacturing services.
The next step of development is the creation of a preserial prototype - TRL8. According to the HAC Token circulation scheme, startups can independently, or with the help of grants, use discounts from Hackspace Capital service companies in order to reach the TRL8 stage of prototyping. After reaching the TRL8 stage, a prototype moves to the Hackstarter program. Hackstarter is a crowdfunding campaign within the Hackspace Capital platform. It allows individuals to research the market and determine their product demand. Consumers interested in participating with the product’s crowdfunding campaign can make preorders with HAC Tokens of fiat funds.
Hackstarter program is a more convenient and accessible alternative to a crowdfunding campaign for a startup. In comparison with other crowdfunding platforms, Hackstarter has a simplified system of participation; therefore; it doesn’t have restrictions for any countries, companies or bank accounts. After a successful Hackstarter campaign, raised HAC Tokens ensure the product’s preparation for mass production. Later the product gets the store section of the Hackspace Capital platform where customers can acquire the product using HAC Tokens and get a discount up to 20%.
Thus, the circulation of a HAC Token is a foundation of the Hackspace Capital ecosystem. HAC Token ensures and provides startup teams with all the recourses necessary for the development of any product from idea into a finished product.
Unfortunately, most good or even brilliant new ideas for hardware technology products fail long before they reach the market. It is extremely challenging for inexperienced startup teams to excel in the very specific manufacturing and business processes required to turn an idea into a product. Apart from equity capital, Hackspace provides startups with comprehensive support and facilities to guide a product from an initial concept to international sales.
HACKSPACE has formally partnered with EnCata (Engineering Catalyst) a world class one-stop innovative engineering development service. Encata provides the critical design engineering and prototyping work (along with consultancy on efficient materials lists and manufacturing techniques) to guide startups through the perilous path from proven idea to working prototype with full design and manufacturing documentation. Encata is a unique full service engineering catalyst which houses under one roof all the necessary components to create a market ready product - including a design office, project office, R&D facilities and an array of industrial machinery for prototype manufacturing.
EnCata has a separate dedicated marketing company which provides comprehensive marketing services to HACKSPACE startups, including branding, development and execution of marketing campaigns, SMM, photo and video production, preparation and full accompaniment of crowdfunding campaigns on various platforms.One of the most improtant marketing researches conducted by EnCata Marketing department is the demand analysis by the means of Hackstarter - crowdfunding program of Hackspace Capital platform.
HACKSPACE and EnCata MANUFACTURING company have also developed mass production solutions for clients via partnerships with quality producers in the most efficient global manufacturing centers. Hackspace Capital fully prepares, organizes, controls and conducts the process of manufacturing engineering at the stage of mass production.
By placing products in the Store section and using other resources Hackspace Capital helps startups to enter the market, build sales and operations management, set up logistics and product sales world-wide.
EnCata has referred to HACKSPACE 10 superior products with superior management teams. HACKSPACE has invested in one of these companies and is completing due diligence and preparing investment in five more. These projects are generally ‘connected hardware’ products, combining real world devices with sophisticated operational and community oriented software. (A brief description of the six active projects can be found in the section entitled “Active Projects.”)
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