PRODUCT DEVELOPMENT

Welcome to the Product Development section.

Glad you are joining the club of great innovators and world changers! 

We will be happy to support you on this path.

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DEFINE PROBLEM

The world is not perfect and there are many ways we can make it better.

First of all we need to define what exactly we are trying to improve.

If it is going to be a complex solution - which features will be most important and which will have lower priority.

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FORMULATE CONCEPT

After we clearly understood the problem we are dealing with we start looking for solution.
We have already performed some basic research and we know which products are there on the market (if there are any) and how they perform.

Our solution has to be much better in efficiency, reliability or price than any other product available on the market.

So, we will continue working on the idea improving the concept until we are able to formulate specific advantages which will make our product unique.

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DESIGN SOLUITON

The basic concept is there and now it is time for more in-depth research of the market and technologies and working out product designs.

This is the time to through all the details - every function, feature and component must be considered in order to prepare technical documentation and terms of reference, which will further serve us as a guideline for the whole process of development.

Defining all critical points and right sequencing of the upcoming steps are crucial for minimising risks and increasing chances for success.

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PROVE CONCEPT

This is the point when we first start working with physical components. The idea of this stage is as follows.
Innovative products usually have one or several features, modules or solutions which are not common. That is why they are called innovative.

It makes sense to check those parts of our concept before we move on to building the complete prototype - this is when we test critical functions.

This stage is obviously necessary in case we don’t want to end up spending lots of time and resources building a product which will not function properly due to some flaws we cannot correct.

As soon as we know all critical issues are dealt with we can be rather confident in the viability of the whole concept.

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PROTOTYPE

Once we know the idea is realistic it is time to create the first version of product.
All components and modules are assembled together to from one device.

Probably, this will not be the most beautiful version from aesthetic point of view, but for us inventors seeing our creation materialise in this world is a great excitement.

And then testing and improving, testing and improving, testing and improving… until our prototype performs as it should!
The earlier we deal with all possible challenges - the less room for trouble is left for later.

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MVP

In the process of working on the prototype we perform loads of functionality and compatibility tests. Best suited components are selected. Product designs are also adjusted accordingly.

At this point we can proceed to building the first unit of our new product.
Though this version may and most probably will be further developed and improved, this minimum viable product (MVP) has enough features and functions to solve the main problems we have defined in the beginning.

MVP allows us to launch as soon as we can, not getting stuck in R&D process forever seeking perfection.

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