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Mighty Jaxx

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Mighty Jaxx is a design studio founded and based in Singapore. It is known for producing and retailing designer collectibles. In 2017, the studio won the 'Brand of the Year' title at the Designer Toy Awards.[1] As of June 2020, Mighty Jaxx has over 97,000 followers on Facebook and 109,000 followers on Instagram. The brand is managed by its Chief Executive Officer (CEO), Jackson Aw.

Background

According to the brand's website, Mighty Jaxx has over 150 original toys as of June 2020.[2] Their prices range from about S$13 (US$9.99) to S$345 (US$249). Apart from its originals, Mighty Jaxx also produces limited edition collectibles based on iconic characters. In 2017, it partnered with DC Comics to create the 'XXRAY DC Comics Golden Age Edition' line.[3]

 
The five collectible items in the 'XXRAY DC Comics Golden Age Edition' line. Photo from Mighty Jaxx.

Founder

Jackson Aw is the founder of Mighty Jaxx. He went to Nanyang Polytechnic and graduated in 2009 with a Diploma in Digital Media Design.[4][5] Before Mighty Jaxx, he was the owner of Red Army Camera, a brand specialising in the import and retail of refurbished film cameras.[6] Over the years, Jackson has been recognised for his achievements with MightyJaxx. In 2019, he was featured on Tatler Asia's Gen.T list that spotlights young individuals who have excelled in their respective fields.[7] A year earlier, he was awarded a spot on the Forbes 30 Under 30 list.[8] Jackson received his first public commendation in 2017, when he won the Entrepreneur of the Year Award (EYA) for Innovation.[9][10]

Origins

 
Hell Lotus (centre) was Mighty Jaxx's first original character.

Mighty Jaxx was founded in 2012 as a start-up that was backed by a S$20,000 loan.[11] In an interview with The Peak Magazine that was published in March 2018, Jackson shared that he had been inspired by his visits to toy manufacturing factories in Shenzhen, China.[12] After a month in China, he returned to Singapore to kickstart the business.[13] Mighty Jaxx's first collaboration was with the Singaporean visual artist, CLOGTWO.[14] They produced an original character called 'Hell Lotus' and debuted 200 models at the 2012 Singapore Toy Game and Comic Convention.[15]

Business expansion

In 2018, The Peak Magazine reported that the brand earned a $3.1 million revenue in 2017.[16]

Local recognition

 
A close up of 'Bad Apple' by GOIN x Mighty Jaxx. Photo from Clutter Magazine.

In 2013, Mighty Jaxx sold out 200 of their 'Bad Apple' collectibles within five minutes of the launch.[17] The collectible was designed by the French artist, GOIN in response to the Paris riots in France. Mighty Jaxx has also collaborated with the local design collective, Phunk Studio to reproduce 12-inch models of the original life-sized sculpture, 'Love Bomb'.[18] The models were released at Art Stage Singapore in 2013.[19]

Overseas recognition

Over the years, Mighty Jaxx has built a worldwide consumer base. In an interview with The General Co, Jackson shared that his brand received recognition at Designer Con in the United States of America. He says:

"A lot of people came and were queuing up at our booth, just to get our artist to draw something for them. I was carrying boxes around and this guy came over and he was like, 'yo, you are Mighty Jaxx right?'"[20]

Business model

In a 2019 article, Mighty Jaxx was described as a creative enterprise by Channel News Asia.[21] Much of Mighty Jaxx's products are driven by collaborations with artists and in recent years, larger entertainment companies. Founder Jackson Aw also identifies as a 'designpreneur', having stated his "interest in building brands in the creative space".[22]

Artist collaborations

As of June 2020, Mighty Jaxx works with over 60 local and international artists.[23] In 2016, the brand partnered with the Singaporean artist, SKL0 to create the 'Cultured' series of collectibles inspired by the artist's paintings.[24] One of MightyJaxx's signature collections is 'The World of Popiki' which is the result of a licensing contract with the artist, Whatshisname[25] to represent and reproduce his iconic artwork - POPek the balloon dog.[26][27] Mighty Jaxx dropped the first collection in January 2017.

Global licensing contracts

Mighty Jaxx has worked with renowned international brand names like Cartoon Network, Warner Brothers, DC Comics and Sesame Street.[28] In April 2020, The Business Times reported that Mighty Jaxx secured global licensing contracts with the entertainment companies, Hasbro and ViacomCBS to produce collectibles based on characters in Spongebob Squarepants and Transformers.[29]

References/ Citations

  1. ↑ Koh, Aun. "Creative Capital: The 'designpreneur' making his fortune in collectible toys". Channel News Asia. November 30, 2019. Accessed on 24 June 2020.
  2. ↑ "ORIGINALS". Mighty Jaxx. Accessed on 24 June 2020.
  3. ↑ "XXRAY DC Comics Golden Age Edition". Mighty Jaxx. May 27, 2017. Accessed on 24 June 2020.
  4. ↑ "Jackson Aw". LinkedIN. Accessed on 24 June 2020.
  5. ↑ Charles, Rafaella Nathan. "Mighty Jaxx's toy story is one of guts and glory". The Straits Times. January 1, 2018. Accessed on 24 June 2020.
  6. ↑ "Jackson Aw". LinkedIN. Accessed on 24 June 2020.
  7. ↑ "Jackson Aw". Generation T Asia. Accessed on 24 June 2020.
  8. ↑ "Jackson Aw". Forbes. Accessed on 24 June 2020.
  9. ↑ "EYA 2017 Sub-Category Winners". The Entrepreneur of the Year. Accessed on 24 June 2020.
  10. ↑ EYA - The Entrepreneur of the Year Award. "Mr Jackson Aw - Winner of EYA for Innovation". Facebook. Accessed on 24 June 2020.
  11. ↑ Charles, Rafaella Nathan. "Mighty Jaxx's toy story is one of guts and glory". The Straits Times. January 1, 2018. Accessed on 24 June 2020.
  12. ↑ Tee, Karen. "The Peak Next Gen | How Jackson Aw became a niche toy maker for collectors all over the world". The Peak Magazine. March 12, 2018. Accessed on 24 June 2020.
  13. ↑ Koh, Aun. "Creative Capital: The 'designpreneur' making his fortune in collectible toys". Channel News Asia. November 30, 2019. Accessed on 24 June 2020.
  14. ↑ "The Story Of Jackson Aw, founder of Mighty Jaxx". The General Co. Accessed on 24 June 2020.
  15. ↑ Charles, Rafaella Nathan. "Mighty Jaxx's toy story is one of guts and glory". The Straits Times. January 1, 2018. Accessed on 24 June 2020.
  16. ↑ Tee, Karen. "The Peak Next Gen | How Jackson Aw became a niche toy maker for collectors all over the world". The Peak Magazine. March 12, 2018. Accessed on 24 June 2020.
  17. ↑ Koh, Aun. "Creative Capital: The 'designpreneur' making his fortune in collectible toys". Channel News Asia. November 30, 2019. Accessed on 24 June 2020.
  18. ↑ "The Story Of Jackson Aw, founder of Mighty Jaxx". The General Co. Accessed on 24 June 2020.
  19. ↑ Schonberger, Nick. "PHUNK "Love Bomb" Vinyl Toy by Mighty Jaxx". Complex. January 2, 2013. Accessed on 24 June 2020.
  20. ↑ "The Story Of Jackson Aw, founder of Mighty Jaxx". The General Co. Accessed on 24 June 2020.
  21. ↑ Koh, Aun. "Creative Capital: The 'designpreneur' making his fortune in collectible toys". Channel News Asia. November 30, 2019. Accessed on 24 June 2020.
  22. ↑ Ibid.
  23. ↑ "ARTISTS". Mighty Jaxx. Accessed on 24 June 2020.
  24. ↑ Mighty Jaxx. Facebook. Accessed on 24 June 2020. Retrieved from: https://www.facebook.com/mightyjaxxtoys/photos/a.233902930060049/996892780427723/?type=1&theater
  25. ↑ Tee, Karen. "The Peak Next Gen | How Jackson Aw became a niche toy maker for collectors all over the world". The Peak Magazine. March 12, 2018. Accessed on 24 June 2020.
  26. ↑ "THE WORLD OF POPIKI". Mighty Jaxx. Accessed on 24 June 2020.
  27. ↑ Andy. "POPek The Pooping Balloon Dog By What’s His Name x Mighty Jaxx". The Toy Chronicle. January 2, 2017. Accessed on 24 June 2020.
  28. ↑ Ng Ren Jye. "Collectibles startup Mighty Jaxx bags S$4.5m more to close pre-Series A round". GARAGE. April 13, 2020. Accessed on 24 June 2020.
  29. ↑ Ibid.
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