The first presentation was Octopart a search engine for electronics part. A very useful application for hardware startups, Octopart works with 200 component distributors. Utilizing parametric and category search, one is able to fulfill or upload a Bill of Materials (BOM). How many parts you’re looking to buy and how much it costs is updated instantaneously. The availability of parts is indicated through a red, green, yellow color code. Green is plentiful, yellow is scarce and red is practically zero.