General Electric Company (GE) FirstBuild Hackathon Dedicated To Home Appliances Took Place Past Weekend

General Electric Company (NYSE:GE)’s microfactory known as FirstBuild, located in Louisville, Kentucky, to host the largest team of home appliance hackers last weekend, and great idea came from the contest. FirstBuild will move forward to build prototype of the top rated idea.

General Electric Company (NYSE:GE) threw up a challenge for the FirstBuild participants and it all involved using whatever the company has supplied to come up with an innovative home appliance. The manufacturing tools that GE supplied the participants included 3D printers, HandiBots, laser cutters and ShopBots.

The FirstBuild hackathon participants submitted over 30 different designs and three were selected as winners, meaning that they give the most potential idea to take to market.

Winning entries

The first place among the winning submissions went to House Roasts, an idea that describes how to automatically adjust temperatures of the oven to match that of professional coffee bean roasting.

The second winning position went to an idea known as Fix Water. The creators of the idea came up with a way to control water dispenser through voice commands on a tablet or mobile device.

The idea that closed the list of the three winning ideas was Crock Watch, which provides a way to remotely control a Crockpot using smartphone app.

Fast-track product building

The whole idea of FirstBuild is to promote fresh idea and also facilitate faster to market concepts. For FirstBuild, the mission statement is fast-tracking development of new products so that ideas can enter market test in just a fraction of the time that it would normally take in the traditional approach.

General Electric Company (NYSE:GE)’s FirstBuild will be able to prototype the best idea.

Sports of the home appliance hackathon

Sponsors of FirstBuild hackathon included AT&T Inc. (NYSE:T), Intel Corporation (NASDAQ:INTC), MakerBot and Delta Faucets. A total of $60,000 was up for grabs in the home appliance hackathon.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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