Indiegogo and Arrow pair up to give some entrepreneurs a lot of money

Indiegogo and Arrow Electronics launched a partnership today that could land qualifying Indiegogo entrepreneurs a share of $1 million in funding.

Arrow Electronics, the Centennial-based Fortune 500 electronics company, paired with the San Francisco-based Indiegogo crowdfunding platform to to create a special class of “Arrow Certified” campaigns.

Those campaigns will be able to compete for a share of $1 million in instant funding. They’ll also have access to some of Arrow’s prototyping tools and intelligence on raw materials. There’s a higher tier, too, for “Arrow Innovators,” who get more perks.

Arrow announced that between 20 and 50 campaigns will receive funding from October 1, 2016, through December 31, 2017. Campaigns will be judged based on innovation, marketability and impact in the real world.

Multimedia business & healthcare reporter Chloe Aiello can be reached via email at caiello@denverite.com or twitter.com/chlobo_ilo.

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