Process

"Innovation is the process of turning ideas into manufacturable and marketable form."

— Watts Humprey

  • identify product idea

  • brainstorming, discussion

  • research idea

  • product cost investigation

  • is it worth more effort?

  • opportunity go, no-go

  • define mvp, minimum viable product

  • define core functions & specs

  • deeper dive into product potential

  • feature add-on ideas, and draft product revision scope

  • product market life projections

  • safety and quality

  • draft business plan

  • identify components and pieces

  • resource components

  • build prototype

  • issue resolution & adaptation

  • include other technical experts

  • hardware, firmware, software

  • revise specs

  • stress test

  • verify product works as projected

  • test prototype in lab

  • test prototype in real world environment

  • configurations analysis, adjustments

  • challenge specifications

  • best settings

  • financial analysis

  • product works?

  • manufacturing go, no-go

  • investor relations

  • specification revisions

  • customer friendly design

  • micronizing components

  • manufacturing process partnering

  • $ savings bulk production

  • business plan revision

  • retail pricing strategy

  • end-user product testing (large sample size)

  • investor partner agreement(s)

  • final design

  • retail partnering agreement

  • product packaging

  • marketing plan

  • product website

  • scaled manufacturing

  • bring product to market

  • reseller agreements

  • customer engagement

  • product launch