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FEASIBILITY STUDY
You want to create a new product. You have a great IDEA and VISION. You wonder how to plan next steps. How to budget, and what pitfalls to avoid.
Reality is brutal: 60% of companies underestimate complexity of launching a new IoT product; 75% of self-funded IoT projects fail Per Cisco survey.
Whether it’s your very first product or another success story, our feasibility study is a step-by-step SOLUTION to reliably get your IDEA to MARKET!
WHY DO YOU NEED FEASIBILITY PHASE
Right now you might have many questions.
- What is the best technology?
- How to plan and de-risk product development?
- How much will the final product cost?
- How much development will cost?
- How fast can we develop it?
- How to make the next step?
To answer these questions and more, we offer the FEASIBILITY STUDY package.
See how it works in overall project timeline.
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01. Project Discovery
We learn about your unique goals and challenges. We apply our engineering expertise to plan your product journey.
- Schedule free engineering consultation
- Complete new Project questionnaire HERE
02. Feasibility Study
We prepare a detailed product specification, select proper technologies, and prepare product roadmap. Get answers to the most pressing questions - how it looks, how it works, how much it costs.
- Product requirements
- User script
- Dimensional estimates
- Product sketching
- 3D renders
- Component selection
- Product cost breakdown
- Project budget and schedule
03. Engineering Prototype (PoC)
Rapidly create Proof of Concept. These “Work like” prototypes showcase your product features while using off-the-shelf components and rapid prototyping techniques.
- Validate key components on off-the-shelf components
- Rapid prototyping (<5 units)
- Create Minimal Viable Product (MVP)
- Use first samples to begin user testing
04. ENGINEERING VALIDATION (EVT)
Concept is proven - time to design your product! We create “Work Like, Look Like” samples that looks and functions very similar to production units. You may use this on trade shows, UL / FCC testing, and investor presentations.
- Industrial design
- Hardware development
- Mechanical Design
- Embedded Firmware
- Prototyping (<10 units)
- Engineering test reports
05. DESIGN FOR MASS PRODUCTION (DVT, PVT)
We cooperate with Contract Manufacturers to prepare product for Mass Production. It involves Design for Manufacturing, Tooling, Compliance testing. Work is done in two phases, DVT and PVT.
- Select Manufacturer (CM)
- Design for Manufacturing (DFM)
- Firmware / Software finalization
- Tooling for Mechanical parts
- Prototyping with CM (10-50 units)
- Compliance tests (FCC, UL, CE)
- Setup manufacturing process
- Prepare Functional tests
Team of professional engineers will work with you to establish goals and select suitable technologies. The process we used on over 40 Projects
WHAT'S INCLUDED?
We prepare Technical Specification
Product detailed technical description
and user roadmap
We develop Technology Proposal
Select components and technologies
to achieve target specs
We prepare product design
Seeing is believing. We help you visualize your vision
We start with 5-10 design ideas, shortlist 2-3 best options, and prepare high quality 3D
renders
You may use them for marketing and fundraising
We select technologies and components
What wireless interface is best?
What battery is required to provide enough battery life?
How to make it portable and small?
We calculate estimated cost
Final product cost
breakdown (per unit cost) Startup expenses estimates (fixed expenses)
How we communicate?
5x weekly calls with our technical team (60 minutes).
Weekly PDF report with ideas, solutions, and proposals
We prepare for next steps
Prepare development plan from idea to manufacturing
Get a financial proposal for development
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