IEEE Entrepreneurship Connects Hardware Startups With Investors

Roughly 90 percent of hard tech startups fail due to funding constraints, longer R&D timelines for developing hardware, and the complexity of manufacturing their products, according to a number of studies. Generally, these startups require up to 50 percent more investor financing than software ones, according to a Medium article . Typically, they need at least US $30 million, according to a Lucid article .