IFIA and Make48, LLC Sign an MOU
IFIA and Make48, LLC, an invention competition providing an opportunity for the team of inventors and innovators to develop a new commercial product idea in 48 hours signed a Memorandum of Understanding (MOU) in August 2017.
Make48, LLC captures the process of invention through a hands-on competition that challenges individuals of various ages and backgrounds to take product ideas from conception to physical prototype in a 48-hour period.
Teams have 48 hours to plan, prototype and pitch a new idea according to the specifications of a challenge, revealed at the start of the 48 hours.
Then teams utilize a variety of tools, materials, work spaces and expert guidance provided by a resource-rich fabrication workshop. The workshop and staff, “tool techs”, provide the resources to prototype ideas of ranging complexity for competitors of varying building expertise.
When time expires, teams pitch their idea to a panel of product development, scouting and sales experts.
Finally, top three teams will be awarded prizes, including a crowdfunding campaign and licensing consideration!