Phases of Development

Phase 1

Product Concept

Idea Outline/Purpose
Target user
Initial Sketches
Models

Phase 2

Research

Problem Definition
Product Solution
Demand Analysis
Audience Reach Analysis
Preliminary Market Research
Competitor Research
Initial Patent Search
Intellectual Property Definition
Manufacturing Strategy
Business Plan

Phase 3

Product Development

Product Roadmap
Timeline
Recycling/Environmental Impact Analysis
Reliability Analysis
Financial Model Development: Startup, Manufacturing, Retail and Profitability.
Bill of Materials
Materials and Methods of Production
Regulations
Shelf Life

Phase 4

Product Design

Sketches
Renderings
CAD Models
BOM Drawings
Part / Assembly Documents
Appearance Prototypes
Functional Prototypes
Revisions
Internal Testing

Phase 5

Low Volume Production

Final Engineering
Sourcing
10X Unit Production (for Manufacturing and Marketing, initial testing)
100X Unit Production (For Testing)
Manufacturing Outreach
Manufacturing Costing/ BOM Development

Phase 6

Feedback & Testing

External Beta Testing
Feedback Results
Design/Engineering Revisions
Brand Development
Phase 8: Manufacturing
Production Forecast
Manufacturing Contracts
Distribution/Logistics/Warehousing Contacts
CNC Mold(s) Cut. Shipped.
Material Acquisition
Assembly
Packaging