HAXLR8R is a venture fund which focuses on entrepreneurs building hardware devices. It offers seed funding ($25,000), office space as well as mentorship along with the other opportunies for 2-4 person startups to take an idea to a product. You can also jump onto the '518 Fund' and get an extra $25,000 in the form of a convertible note.
HAXLR8R selects startups to work with twice a year and has a dual location (San Francisco and Shenzhen). Its first batch was in 2012 and has been widely received as the start of a new hardware revolution.
HAXLR8R is the first and most prolific hardware accelerator, with over 30 companies launched in the past 2 years and a combined revenues and investments of tens of millions in USD.
Based in Shenzhen in order to leverage the supply chain and factory ecosystem, the program created the 'Interactive Manufacturing Process' which ensures the rapid development of manufacturable products.
The majority of the successful applicants to the accelerator come from the United States and Europe, while the HAXLR8R Launch Day is hosted in San Francisco and attended by the worlds's leading publications and tech web sites. Startups generally launch Kickstarter campaigns, raising over $300k on average and between 1,000 and 6,000 pre-orders.
HAXLR8R companies receive up to $50k each and access to the SOSv Hardware scaling fund.
Haxlr8r covers: invention, prototyping, sourcing, manufacturing, packaging, supply chain, strategy, marketing, distribution, fundraising, financing...
While it seems this 'makes much more sense' these days, the idea came up a little while ago...
Founded by Cyril Ebersweiler and Sean O'Sullivan, the roots of the program started way back when China.axlr8r was born in 2009. For a reason we still ignore as of today, the summer program for startups based in China incubated not one, but two startups working on hardware startups (including two foreign entrepreneurs coming from abroad).
With a backpack full of lessons learned, Cyril had the chance to meet with the founders of LEAP (David and Michael) and subsequently invested in the company. The experience coming out of this relationship was a final training ground for HAXLR8R, and a final proof of concept at Techcrunch Disrupt with Nextgoals (part of China.axlr8r batch II) convinced us there was a problem to be solved, for entrepreneurs and the sake of innovation.
If you are curious about Chinaccelerator check things out on their website.
Have a question? makeit [at] haxlr8r dot com