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FAQ: The Basics of Product Development
As a product development firm, we often work with first-time entrepreneurs—people who have a fantastic idea for a product, but need guidance on developing their idea and beginning their startup journey. We help entrepreneurs navigate the wild world of hardware startups.
Our team shares their in-depth knowledge on what it takes to get a project going, what a development plan looks like and what the path of product development entails. By assisting entrepreneurs through their product development journey, we aim to set them up for a successful product launch.
One thing we have learned over the years is that, no matter the industry, first-time entrepreneurs have some of the same questions and concerns when they first get started. Below we discuss three frequently asked questions.
What do I need to provide in order to get my project started?
It only takes a few things to get started. You may think that the littlest details may not make a difference as you start developing an idea, however, every detail matters. Provide as much detail about your product requirements as possible. A good development company will be able to ask you the right questions throughout the development process, to help you narrow down the requirements and focus on the functionality. You don’t need to know all of the technical details about the product, just how it needs to function.
As the adage goes, hardware is hard. However, it is not impossible. It can sometimes be a long and difficult process to develop your hardware project, but aligning yourself with a great development partner will help to make things easier.
Do I retain all rights to the engineering design that is created?
Short answer: It depends. In most cases the answer is yes—you own all of the rights to the design and intellectual property (IP).
In other cases, clients have elected to share equity in their company with product development companies in lieu of paying for development costs, in which case the design and other IP becomes shared property.
How will you prototype my design?
Depending on the type of product, the initial prototype may be a proof-of-concept prototype. This is created to prove out your concept or idea. Some view the proof-of-concept prototype as a feasibility study versus the traditional functional prototype. The prototypes created will serve as a one-off design of your product for you to review, test, and make adjustments before the final production design is created. Be prepared that it may take several iterations to get to the final production ready design, but is an essential part of the development process and should not be skipped.
With a multitude of technologies available to build prototypes, 3D Printing/Additive Manufacturing will be the front runner in prototyping your design. It is cost effective and provides a quick turnaround, which is why it is also commonly referred to as ‘rapid prototyping’. The design will be prototyped in order to test the form, fit, and function and to make sure that the manufacturing process is attainable.
In a subsequent blog post, we will dive into intellectual property and manufacturing, discussing the top questions entrepreneurs have about these subject areas as well. Starting your product development journey with the right information at hand can make all the difference.
We are happy to help answer any additional product development questions you have, please email us at email@example.com
3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.