What does it take to go from concept to market for a typical electro-mechanical consumer product in terms of milestones and costs? Also, what pitfalls should you be looking out for that could slow down your product launch and increase its … [Read more...]
Elon Musk’s 4 Common-Sense NPI Tips
Let's listen to Elon Musk's insights and philosophy into developing and bringing new products to market (from an interview by 'Everyday Astronaut' on YouTube at his launch facility a few years back). A love/hate figure, Musk has succeeded … [Read more...]
7 Must Do New Product Introduction Tasks For Successful Product Launches
Andrew Amirnovin, our group's Head of Compliance and Reliability, kicks off 2024 by introducing 7 key elements of the New Product Introduction process that you need to understand as they will help ensure a successful product launch, but … [Read more...]
The TRL Framework: The right choice for mass production?
The Technology Readiness Levels product development framework was developed by NASA and is often used to gauge the progress of a new product launch project, especially during prototyping. It gives visibility and control over the process of … [Read more...]
When Is a New Product ‘Put on the Market’ (and It Must Be Compliant)?
When a new product is designed and developed, ensuring that it suits the market's needs is a very high on the list of priorities. In this article, I will focus on electronic products, but the same holds true for non-highly regulated product … [Read more...]
New Product Launch: Planning & Discovery Phases Are So Important
I read an interesting book recently: How big things get done, by Bent Flyvbjerg and Dan Gardner. The authors have amassed a large database of “big projects” — from roads and high-speed train lines to airports and nuclear power plants — … [Read more...]
9 Key Questions When Developing A New Product (Part 1)
If you are gearing up to launch a new product you should be getting answers to these 9 questions before you start investing time and money! This is split into two parts, and here in part 1 we're focusing mainly on market research and … [Read more...]
Patents For Hardware Products: When Do You Need Them?
Inventors, hardware startups, and other businesses with a new hardware product concept that they are aiming to bring to market are usually worried about protecting their product IP. One common question is about the need for patents for … [Read more...]
New Product Launch Tips For Entrepreneurs (Q&A with Liz Long of ‘Learn to Make a Product’)
Liz Long, founder of Learn to Make a Product a platform that supports customers to launch products, shares some of her new product launch tips and thoughts about what it takes for entrepreneurs to go through the development process and get … [Read more...]
What’s The Investment Required To Bring My New Product To Market?
A lot of entrepreneurs and SMEs struggle to calculate their investment for launching a new product. This can lead to unexpected costs mounting up and, eventually, needing to sell at a loss or even bankruptcy in extreme cases. So you need … [Read more...]