3 Reasons Why Prototypes Attract Investors

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  1. Tangibility: Investors generally struggle to understand intangible ideas. They want to invest money into something they can see. Thus, building a prototype of your idea gives investors a physical framework dictating what venture their money will build specifically.
  2. Validate Consumer Need: Creating a prototype is a great way to show your product’s capabilities, further revealing to investors why consumers need it.
  3. Cost Basis: Once you make a prototype of your idea, you get a sense of how expensive each unit will be to create, giving your investors a better idea of how expensive your whole endeavor stands to be.

 

Do you need to build a prototype? RJS Electronics offers quality electrical engineering services to effectively bring your prototype to life.

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