New Zealand is not normally known for its advanced aviation industry, however super hero Glenn Martin has managed to build a prototype of a Jetpack and has managed to get the NZ Government to approve manned test flights.
The company is accepting $5000 deposits for the craft, with an expected price of
$100,000 (there is question about the final price)
This is a great way to customer-strap your business by getting your customers to help fund the development process.
I admire a guy who can bring together a project like this. You can imagine the naysayers who probably felt he was crazy, he probably spent every dollar he had on getting this to market and I hope it is a wild success for him.
This is the sort of guy that Startup88 loves 🙂