Saturday, April 18, 2015

Makerspaces and Local Economies


Excellent article in The Atlantic about how makerspaces jump-start innovation and new business creation at a local level.  We've seen this, in spades, at our own makerspace: TinkerMill.  

The picture above is of the first test unit production of a new patent pending product that was conceived, prototyped, internally crowdfunded by TinkerMIll members and is now going into first run production.


It's an essential oil extraction appliance- effectively a vacuum chamber that allows you to create essential oils from almost any biological source, by boiling it down in ethanol at very safe (low) temperatures.  It's called "The Source" from a company formed at TinkerMill called ExtractCraft (I'm a co-founder).  The number of markets it addresses is pretty astounding.


Without our makerspace, this product would never have been created.  The people with the right mix of skills would never have met.  The tools to prototype the ideas wouldn't have been available.  The funding would have been much more difficult to find (if it was findable at all- our own local professional investors who are more software only focused passed on the idea).  In short, there wouldn't be a product, or a company, without the makerspace.


The article (link below) about how these makerspaces work and effect local communities is insightful and very much worth the read:


http://www.theatlantic.com/technology/archive/2015/04/makerspaces-are-remaking-local-economies/39080

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