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New Product Development – Where to start

Do you have a product idea that you’re wanting to get into production?

Have you ever wondered what information you’ll need when taking a new product idea to the design and manufacturer stage?

We’ve created a shortlist of just some of the questions you should be asking yourself to get your idea to the next stage of the lifecycle.

  • Do you own the existing IP around the product?
  • Will you retain the IP created in the Design Stage?
  • Are there any third parties involved in the IP of this project?
  • Are there any competitors on the market?
  • What is the expected sales price of the product?
  • Expected volumes? First-year / future?
  • How does your product idea compare with existing products………pro’s and con’s?
  • What distribution channels are there? Partners, etc
  • How will the project be financed?
  • What is the expected budget for the design?

Want to know more or need some help with your idea?

Ideas, Products, Projects, Partnerships?

Hetech prides itself on delivering products of the highest quality with a fast turnaround time to meet your requirements.

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