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If you are attempting to raise money from a Venture Capitalist, you have only a few individuals to convince to invest in your idea for a product. If you’re able to raise $1 million in seed funds, that’d be an impressive feat as elaborated upon within a post by TechCrunch about how to raise $1 million in seed funds. Therefore, we were shocked to see the leading three drone projects upon crowdfunding platforms Kickstarter and Indiegogo raised more than $1 million each. That actually is more impressive that accomplishing a seed fund round from a venture capitalist because you have had to convince future possible customers to purchase a product you have not even constructed. We were also more shocked to see that all 3 of those companies are creating what’s referred to as “nano quadcopter drones”.

What’s a nano quadcopter drone?

The word “quadcopter” suggests there are a total of 4 rotors utilized to propel a drone. The word “nano” will refer to the truth that the drone is extremely small, and with the technology of today, we are referring to a size profile which is able to fit inside the palm of a hand. Let us take a closer peek at these 3 nano quadcopter drone businesses.

The highest funded drone company upon Kickstarter ever was a nano quadcopter drone that was being sold at a beginning cost of $198, the Zano. More than 12,000 individuals pre-ordered the drone making it Kickstarter’s most funded campaign in Europe ever having raised more than $3.28 million. This product obtained all types of positive news coverage and was even shortlisted for an award that led to 3,000 more pre-orders in addition to a Kickstarter campaign. Torquing, the project behind Zano, generated 600 drones that did not provide the functionality which originally was promised then they went bankrupt in November 2015. Just four out of 12,000 backers on Kickstarter ever obtained a drone. What! Kickstarter commissioned a journalist to generate this 13,000 word report about the entire fiasco. This might be an intriguing read, yet 12,000 individuals are out $198 or higher as a consequence of a businesses led by “wantrepreneurs” who possess an excellent idea and could not deliver on it.

The next biggest drone associate project on Indiegogo, another crowdfunding platform includes a product named “ONAGOfly” that raised more than $1.7 million thus far. The “smart nano drone” provides goodies like a 15 megapixel camera, GPS navigation, “throw and fly”, obstacle avoidance, smile detection, fifteen minutes of battery life, and all this is inside a palm-sized package. The entire value proposition remarkably is like that of the failed Zano, and its price point almost is the same at $199 for its basic drone. More than 7,800 individuals have dedicated to buying one of those drones thus far. As the drone looks fantastic, we would not be likely to shell out $199 after witnessing how poor Torquing crashed and burned attempting to produce a similar product offering. But still, if you feel you have to get your hands on it, you still have 5 days left prior to the campaign closing (At the time of this writing). They’re guaranteeing delivery to backers by the March of 2016. If you have a desire to wait if they have the ability to generate to backers first, the ONAGOfly is going to be made obtainable for retail distribution by April 2016 at a cost of $299.

The most-funded project regarding drones upon Indiegogo includes the Micro Drone 3.0 that managed to raise more than $3.2 million from more than 32,000 backers. Extreme Fliers, the London-based business behind the Micro Drone, has been creating their drone offering since the year 2011 and already successfully has generated two models. The drone provides the same kinds of functionality the ONAGOfly offers, yet additionally gets very creative, too. You may 3D print your own customized frames for the drone, and it’ll also integrate with Google cardboard VR in order for that you to fly it from the camera’s viewpoint. As the Micro Drone 3.0 expected to be shipped to backers within November 2015, their latest update say they started shipping their initial 2,000 models on January 25 of 2016.

There’s a great demand for nano drones in military defense, according to Research and Markets. It also is easy to witness how those drones might be utiized for private security, too. Imagine having a plethora of those nano drones which were programmed to monitor buildings and recharge themselves within a coordinated manner while doing so. Those small businesses are pushing the drone miniaturization boundaries that are going to pave the way for more possible uses which are going to, in turn, drive expansion within this niche.


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