Crowdfunding is giving entrepreneurs a new way to innovate and build products, and wearable technology products seem to be reaping its benefits. Kickstarter, for example has seen plethora of such devices – using the platform to get their feet off the ground asking for donations from the public.
Crowdfunding has exploded in the past few years, and wearable tech makers have used it as one of their hottest commodities to raise money. With such platforms currently being dominated majorly by tech-makers from the west – Indian entrepreneurs also seem to be joining the league.
In a recent news, Kochi based RHLvision that has developed a gesture based Bluetooth enabled ring – Fin, that turn a user’s fingers into buttons has raised over USD 200,000 through its Indiegogo campaign.
This is the highest amount ever raised by an Indian startup through crowdfunding platform. Earlier Gecko, a coin based electronic device raised over USD 130,000 more than twice its initial target of SUD 50,000.
Developed by a Startup Village, Kochi incubatee – Fin works as a sort of hands free control for activities and devices – devices that have a bluetooth technology. Users can configure their Fin ring for multiple devices and turn their fingers into Hot Keys.
They can use their fingers as a numeric keypad or use them to perform tasks such as sending an emergency alert, moving to the next track on the playlist, picking up a call, and much more.
Earlier RHLvision was selected among 15 startups shortlisted from 11 countries at TEchcrunch CES Hardware Battlefield in US, a competition for hardware startups.
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