HAX (formerly HAXLR8R) in Shenzhen, China, is known for helping startups with prototyping and manufacturing. In this video, Duncan Turner, the director at HAX, has described the four things that are necessary to build a successful hardware startup. He describes that a startup should build a team which can create something new, build a product that is needed or has not been done or provided.
To ensure the success of a hardware startup, an entrepreneur should make partnership with a right manufacturer that can help them fund product development, manufacturing setup, and even helps in finding inventory. And, a hardware startup should focus on customers that will give an order before the company have to manufacture it.
Check out this video to know the 4 essential things that will improve your chances of success with your new hardware product.