After being in the new product development and invention development business for nearly 4 decades, we have sadly heard it all in terms of somewhat predatory practices that take advantage of well-meaning and bright-eyed inventors and entrepreneurs. It’s the optimism, inexperience, vision for the future and hope that makes inventors a potentially easy target. Many…
A formal feasibility analysis opens doors and opportunities, saves money and reduces risk. Yet it is often passed over or neglected in new product development. For highly complex ideas and expensive high budget concepts a formal feasibility study can be the most important and most valuable analysis to start with. Feasibility answers big business questions:…
Electronic product development is typically more complicated and involves more steps than developing a non-electronic product. You will still need industrial design, mechanical engineering, CAD development and physical prototyping expertise. However, with an electronic product, additional engineering is needed and must be strategically integrated. Electronic product design and engineering involves hardware, firmware, software, programming and…