Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
Business Briefing
24/7/365 Network Uptime
Average Rating:
Rate this article:  
GE Expands Partnership with Community Inventor Quirky
GE Expands Partnership with Community Inventor Quirky

By Barry Levine
November 14, 2013 9:27AM

    Bookmark and Share
Quirky founder and CEO Ben Kaufman said in a statement that, in six months of working together [with GE], the two companies “have created a $45 million connected consumer business.” The ultimate vision, Kaufman said, is “to make the WINK platform the consumer standard adopted by all manufacturers of connected home products.”
 



GE is getting quirkier. On Wednesday, the technology and media giant announced that it is expanding its partnership with New York City-based startup Quirky to co-develop and launch 30 new connected, app-enabled home products over the next five years.

Launched in 2009, Quirky accepts product ideas from the public, utilizing a global community of over 600,000 inventors, and lets the public vote on other people’s ideas. An in-house design and engineering team works on turning the ideas into products, and then revenue is shared with the idea creator. Products developed through Quirky are available through Home Depot, Best Buy, Bed Bath & Beyond, Target and Amazon.

Quirky also has a platform, WINK, which utilizes a mobile app so that consumers can communicate with connected devices. The new GE/Quirky partnership will co-brand connected home products, expanding on a previously existing partnership that released four new products earlier this month.

Minority Equity Stake

In addition, GE is taking a minority equity stake in Quirky for $30 million plus in-kind services, as part of a Series D financing round that also includes investors Andreessen Horowitz, Norwest Venture Partners and Kleiner Perkins Caufield & Byers. The connected devices field, which is projected to become a $25 billion market, is a key driver here for GE, which will not only support the WINK platform but will develop some premium countertop appliances based on Quirky ideas.

Quirky founder and CEO Ben Kaufman said in a statement that, in six months of working together, the two companies “have created a $45 million connected consumer business.” The ultimate vision, Kaufman said, is “to make the WINK platform the consumer standard adopted by all manufacturers of connected home products.”

WINK-enabled products can be controlled by the Android or iOS app, and both companies said the platform will be open to any manufacturer of connected devices. App-enabled connected devices for the home have been enabled for home monitoring, home health, security, appliances and lighting.

The first four WINK-enabled products already released are Nimbus, Egg Minder, Pivot Power Genius and Spotter, all of which are now on sale at Home Depot and Best Buy, as well as on Quirky’s web site.

Egg Tray, Power Strip

Egg Minder is an egg tray that communicates with your app and lets you know how many eggs you have and when they’re going bad. Pivot Power Genius is a power strip that bends to fit every sized plug and adapter without letting any outlets go unused, and two outlets can be controlled from a mobile device for making sure devices are turned on or off.

Nimbus provides a personalized, four-dial dashboard that can be personalized from a mobile device to display traffic, email, weather or other data sources, and Spotter allows motion, sound, light, temperature and humidity to be monitored remotely from a mobile device.

GE SVP and chief marketing officer Beth Comstock told news media that her company has been “impressed by how Quirky opens and speeds invention and making,” and added that the partnership is “opening up our brand to more ideas and new audiences.”

Another GE/Quirky project: the Inspiration Platform. Coming in May of next year, it is designed “to return patents to their intended purpose,” according to the companies. It will make selected, searchable patents -- beginning with some seeded by GE -- available to be licensed by the Quirky inventor community for the development of new products.
 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Business Briefing
1.   FTC Wants Fix for Mobile Cramming
2.   China Puts Microsoft Under the Lens
3.   Zillow-Trulia: Digital Ad Juggernaut
4.   Rhapsody Hits 2 Million Subscribers
5.   U.S. Firms Fish for Growth Overseas


advertisement
Apple Digital Book Settlement Set
But company still appealing decision.
Average Rating:
Radical.FM's Freemium Biz Model
Online radio startup asks for donations.
Average Rating:
China Puts Microsoft Under the Lens
Official anti-monopoly probe launched.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Canadian Government Charges China With Cyberattack
The government of Canada is not happy with China. Canadian officials have accused "a highly sophisticated Chinese state-sponsored actor" of launching a cyberattack on its National Research Council.
 
Researchers Working To Fix Tor Security Exploit
Developers for the Tor privacy browser are scrambling to fix a bug revealed Monday that researchers say could allow hackers, or government surveillance agencies, to track users online.
 
Wall Street Journal Hacked Again
Hacked again. That’s the story at the Wall Street Journal this week as the newspaper reports that the computer systems housing some of its news graphics were breached. Customers not affected -- yet.
 

Enterprise Hardware Spotlight
Apple Updates MacBook Pros, Cuts Prices Up to $100
The popular MacBook Pro laptop line just got an update and a price cut of as much as $100. The MacBook Pro with Retina display now includes faster processors and double the memory.
 
Dell, BlackBerry Not Sweating Apple-IBM Alliance
IBM's recent move to partner with Apple to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.
 
Watson Gets His First Customer Service Gig
Since appearing on Jeopardy, IBM's Watson supercomputer has been making a living using his super-intelligent knowledge base for business verticals. Now, Watson's been hired for his first customer service job.
 

Mobile Technology Spotlight
Android 'Fake ID' Puts Millions of Users at Risk
Having this fake ID is nothing to brag about, even if you are a minor. The “Fake ID” Android flaw drops malware into smartphone apps. It can steal credit card data and even take over your device.
 
FTC Wants Fix for 'Perfect Scam' of Mobile Cramming
The U.S. Federal Trade Commission has issued new guidelines to curb “mobile cramming,” a troublesome practice that adds unauthorized third-party charges to mobile phone bills.
 
Facebook: You Will Use Messenger, and You Will Like It
Starting this week, Facebook users with Android and iOS phones will be forced to use the separate Messenger app to send Facebook messages. Pending messages will still be visible in the main app.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.