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An engineer has invented a new electric motor that can be fitted to bicycles. She believes that her invention has significant commercial potential because it
An engineer has invented a new electric motor that can be fitted to bicycles. She believes that her invention has significant commercial potential because it will retail for $600 per unit, which is substantially cheaper than existing products, all of which are technically inferior. The engineer has a working prototype, but she cannot afford to launch it unless she can raise the $400,000 that it will cost to have an initial batch of motors manufactured and to cover initial marketing. Explain whether crowdfunding will be a suitable means for the engineer to raise the $400,000 that she requires. [5]
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