Product Development Phases

Phase I – Product Feasibility

Work to be performed:
  • Patent Research
  • Market Research
  • Technical Feasibility
  • Manufacturability Research
  • Competitive Analysis
Outcomes:
  • Product Specifications
  • Business Case

Phase II – Concept Development

Work to be performed:
  • Industrial Design
  • Brainstorming
  • Concept Selection
  • Material and product specification development
  • Final Product Specifications
  • Proof of Principle Testing
  • Model “mock-up” Development
  • Additional Patent Research (Provisional Application)
  • Additional Market Research
  • Business Plan Development
Outcomes:
  • Final Product Concept and Specs
  • Preliminary Business Plan

Phase III – Engineering/Prototype Development

Work to be performed:
  • Detailed Engineering Design Drawings
  • Engineering Analysis
  • Material Selection
  • Manufacturing Process Specification
  • Functional Prototype Development
  • Prototype Testing and Evaluation
  • Final Design Modifications based on Prototype Testing
Outcomes:
  • Final Product Drawings and Specs
  • Final Business Plan

Phase IV – Product Manufacturing and Commercialization

Work to be performed:
  • Manufacturing
  • Cost evaluation
  • Pre-production approval
  • Quality Control
Outcomes:
  • Product cost
  • Final Business Plan