Crowdfunding is a method of raising capital through the collective effort of a large number of individuals, typically via online platforms. It is particularly important for hardware products because it allows creators to validate their ideas, gauge market interest, and secure funding without relying on traditional financial institutions or investors. This approach can be especially beneficial for hardware projects that often require significant upfront investment for prototyping and manufacturing. Unlike other financing schemes such as venture capital or bank loans, crowdfunding enables entrepreneurs to maintain more control over their projects by avoiding equity dilution or debt obligations. Additionally, it fosters community engagement and provides valuable feedback from backers who are often early adopters and advocates for the product.