Phase I – Product Feasibility

Work to be performed:

• Patent Research
• Market Research
• Technical Feasibility
• Manufacturability Research
• Competitive Analysis

Outcomes:

• Product Specifications
• Business Case

Phase II – Concept Development

Work to be performed:

• Industrial Design
• Brainstorming
• Concept Selection
• Material and product specification development
• Final Product Specifications
• Proof of Principle Testing
• Model “mock-up” Development
• Additional Patent Research (Provisional Application)
• Additional Market Research
• Business Plan Development

Outcomes:

• Final Product Concept and Specs
• Preliminary Business Plan

Phase III – Engineering/Prototype Development

Work to be performed:

• Detailed Engineering Design Drawings
• Engineering Analysis
• Material Selection
• Manufacturing Process Specification
• Functional Prototype Development
• Prototype Testing and Evaluation
• Final Design Modifications based on Prototype Testing

Outcomes:

• Final Product Drawings and Specs
• Final Business Plan

Phase IV – Product Manufacturing and Commercialization

Work to be performed:

• Manufacturing
• Cost evaluation
• Pre-production approval
• Quality Control

Outcomes:

• Product cost
• Final Business Plan