STARTUPS
EPower helps founders build their business
HELPING STARTUPS GROW
We don't tell you what to do, we coach you through the parts where we are competitive in
We strongly believe that startups are the driving force behind product innovation. We also understand that startups have so many things to worry about and that attracting the right talent to work with them is very difficult. We seek to become your partner to fulfil the talent void in a few crucial parts of your business. As your partner, we don't tell you how to run your business, we just help lead you through the parts we have competitive advantage in.
We see startups struggle in a few key areas, these areas are where we have competitive advantage
PRE-PRODUCTION
A product can only be made as well as the design allows it to be made. Everything that we develop can be made in mass production. We streamline the development to production processes
FUNDRAISING
How to make a pitch deck, who wants to invests, how to attract investors and more are constant issues with fundraising. Luckily, we have built partnerships with the top accelerators and investment companies
SUPPLY CHAIN & PRODUCTION
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As a startup, how do you draw interest of CM's and suppliers that have interest in working with a new company? We have worked with dozens of startups and will open up our network of suppliers to you
Having us as your partner will help you to quickly accomplish some of the most difficult parts of being a startup.
THE DIFFICULTY OF TIME
AVERAGE TIME TO FIND A CM
14.4
WEEKS
Source: Hardware Club
AVERAGE DELAY TO SHIP
15.6
WEEKS
Source: Hardware Club
For a hardware startup, launching a new product is time consuming.
On average it takes 14.4 weeks to analyze and decide on the contract manufacturer you want to work with.
After you think you choose the right one, there is an average of 15.6 weeks delayed with shipping.
Time spent to find your contract manufacturer and the amount of time wasted on delays adds up to 30 weeks!
MANUFACTURING DIFFICULTIES
Source: Hardware Club
ENSURING QUALITY AT EVERY STEP IS THE MOST DIFFICULT ASPECT OF THE MANUFACTURING PROCESS
Launching a hardware or physical product is not easy, especially if you have never done it before. The core problem is a lack of a streamlined approach from your prototype to DFM and production.
At EPower, we have built a strong infrastructure so you can leverage our expertise for the betterment of your product. Let us know the problem you are having with your product, I am sure we can help
FUNDRAISING DIFFICULTIES
53% of hardware startups found it either somewhat or very difficult to get initial meetings with investors, whether it was through cold emails, cold calls, warm emails, etc...
54% of hardware startups found it either somewhat or very difficult to answer strange questions from investors that don't fully understand hardware products
GETTING INITAL MEETINGS
Source: Hardware Club
ANSWERING QUESTIONS
Source: Hardware Club
# OF MEETINGS
63% of hardware startups found it either somewhat or very difficult to plan for and have so many meetings with investors
Source: Hardware Club
WHO INVESTS?
74% of hardware startups found it either somewhat or very difficult to get an idea of who invests in hardware and with who could be a good fit
Source: Hardware Club
EPOWER'S SOLUTIONS
We streamline your development, fundraising and production processes
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Receive the drawings & documents
Provide engineering & DFM feedback
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Make prototypes & the golden sample
Prepare for investment & help fundraise
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Launch production & plan scale up
Lastly, ship your product to you!
Is hardware really that hard?
The phrase hardware is hard is outdated or is reserved for those that don't know how to build hardware companies. Growing any business from scratch, whether it's a software, IT, service-based or any other industry is difficult. Hardware gets particular more difficult for those who do not understand the processes, costs and timeline associated with each step.
EPower has helped dozens of startups to develop, fundraise, launch & ship their products. We are no strangers to any of the processes and understand what needs to be done to get your product from CAD to production as quickly and economically as possible. Jared Haw, our president is also a mentor to some of the top hardware and IoT accelerators and investors in the world
OUR RESULTS
FUNDS RAISED
Amount of funds raised from institutional investors - Not including crowdfunding campaigns
STARTUPS COACHED
Number of startups that we have coached to bring their product successfully to market and raise investments
AVERAGE LATE SHIPMENT
Number of weeks we ship out late on the first order. Our competitors are delayed by an average of 15.6 weeks
