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Build a Startup in Your Hometown
Cost of Living
It’s no secret that the cost of living in major tech hubs is astronomical and upfront costs to get your business going also come at a premium. Instead of shelling out that money for rent, put it to better use in your business to foster its growth. Less money towards the basics means that you can hire that salesman, upgrade your packaging, add a new feature—you see where we are going with this.
Local Support
Chances are that if you are in a large enough city, there are other businesses out there supporting the startup community. You don’t necessarily need to find an industry specific support network, but instead a network that has the skillset your startup requires. Here in Hawaii, we provide product development support to hardware startups in a wide-range of industries. Our client, The Baby Toon, which is an innovative baby spoon designed with safety as the focus, was recently featured on the Season 11 Premiere of Shark Tank.
Cities all over the nation, and really the world, are realizing that creating a friendly startup ecosystem is good for business. Startup support might come from government programs, local universities, or corporate sponsorships—there is going to be support available, your job is to seek it out.
Through local relationships and organizations, you may gain access to anything from low-interest loans to access to venture capital that’s limited to local businesses, and opportunities to speak at local business events.
Networking
Networking is an often-overlooked aspect when you build a startup. Your network matters.
The benefit of launching your startup where you live is that you know people and have years-long relationships built with them already. You have an established community. Even if you’re not in a tech hub, you’re bound to be surrounded by business owners of some sort.
Maybe you know a local manufacturer that can help explain the manufacturing process to you and make introductions for you with their contacts. Perhaps you are neighbors with a local baker that excels at social media, and he/she is willing to give you a crash course on what you need to know to get started.
Connection
Building true connections in major tech hubs is nearly impossible. Personal relationships and real connections are hard to come by. However, this is not the case in your hometown.
Your ability to connect with local business leaders that you admire, city and state politicians, and other entrepreneurs is going to be much easier in a smaller city. Your access to people like this will help you successfully navigate the road to success as you build a startup.
Rise of the Rest
The Rise of the Rest movement shows exactly what is happening to the startup landscape across the United States. Startups are interrupting large and established industries with new ideas and innovative products from smaller cities across the country. Investors are looking beyond established tech hubs for innovative startups and entrepreneurs that have the passion to succeed.
Start your new year, new decade and new business with a positive mindset and the goal to succeed. Make 2020 the year you build a startup.
If you have any questions about the product development process please send us an email at info@3d-innovations.com.
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
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Product Development Basics for Hardware Entrepreneurs
In this post we are going over the product development basics for our friends thinking of launching their dream in the new year. As one year ends and another begins, it’s time for many to look ahead to the possibilities of what a brand new year can bring. If you have been mulling over a hardware product idea in your head and are ready to take that next step, the new year is a great time to get going on it. Below we are sharing product development basics to help get you started.
Document Your Idea
Write your idea down in detail. Talk about the functionality of your product, what it looks like and what you want it to achieve. Writing the details down will ensure that you don’t forget anything and help clarify the idea for yourself.
The documentation process doesn’t have to happen at one time, but instead, may evolve over time as you continue to build upon your idea and narrow its scope.
Create Requirements
Now that you have your idea documented, start creating a requirements list—functionality that your product “must” have. You are narrowing in on the main functionality of your product and why it will appeal to consumers.
Once you have this information, you can create a 3D design to virtually validate and test your product. 3D design testing and analysis is a great way to prove your concept and at this stage making changes is easy. This is also a good time to start thinking about IP protection for your hardware product.
Build a Prototype
Depending on the type of hardware product you want to develop, you might be able to make a prototype at-home with traditional household items. However, keep in mind that this prototype won’t suffice as you head into manufacturing. In the very early stages, a homemade prototype will help convey your idea to potential investors and customers. As you move towards manufacturing, you are going to need a functional prototype developed using DFM (design for manufacturability) methodology to ensure a smooth transition into manufacturing.
Solicit Feedback
Using your prototype, it is time to reach out to those potential customers to get their feedback and insight. At this stage you want to know what customers like about your product and what they don’t. Keep in mind that you might have to re-evaluate the design of your product if you are receiving feedback indicating that change is needed—these design changes may deviate from your initial idea, but ultimately you want to meet your customers’ needs.
Head to Manufacturing
Once you have finalized your design and are happy with the feedback you are receiving from your target market, it’s time to manufacture. Finding the right manufacturing partner can be an intimidating process, but you want to be sure that you are comfortable with your manufacturer since this could be a make or break stage for your hardware product.
Commercialize
It’s time to launch! During the commercialization stage you will develop distribution channels and finally get to see your product on store shelves. With the hard work it took to get to this stage, seeing your product in the hands of your customers is extremely gratifying.
Now that we have gone over product development basics at a high level, you can dig further into these topics on our blog. If you have additional questions, we are happy to help. Please send us an email at info@3d-innovations.com
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
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The Early-Stage of Hardware Product Development
Get Your Product Idea Off the Ground
Coming up with a hardware product idea is exhilarating—knowing that you have an idea that will help not only yourself, but an entire segment of the population, is the very definition of exciting. So now you have an idea, but you aren’t exactly sure what to do next.
When it Comes to Product Design, Let Creativity Shine
When it comes to product design, creativity can really make a difference in the success of a product. First time entrepreneurs can get caught up in the idea that their original idea is the best idea, however this is not always the case. There are many reasons that your product may shift during product design—it is not efficient for manufacturing, timing is off, it’s too difficult for customers to use, it doesn’t have a solid consumer base. There are numerous factors that can change a product, and that is okay. It is okay to end up with a product that is different than your original idea, because the goal is success.
Design Patents and Utility Patents for Startups
Patents, copyrights and trademarks are all forms of intellectual property. For the purpose of this piece, patents — particularly design patents and utility patents — will be the focus of the conversation. While all three types of IP are indeed essential for success, hardware-focused products rely heavily on patents. Often times, proper patent protection can mean the difference between success and failure for a hardware startup.
Building A Hardware Startup Outside of a Major Tech Hub
In today’s connected world, these major tech hubs are becoming less and less appealing for entrepreneurs just setting out with their startup. It’s no secret that the cost of living in major tech hubs is astronomical and upfront costs to get your business going also come at a premium. So if you are an entrepreneur looking into hardware product development and starting a business, but have no desire to pick-up and move, below are a few ideas on how you can successfully launch your hardware startup from your home city.
Questions for Potential Product Development Partners
Product development partners are a great way to team up with knowledgeable experts that can help make your product idea a reality. A hardware product development partner can work with you from product idea through manufacturing and can assist in a wide variety of ways. Here we share a few suggestions on questions to ask potential product development firm partners.
Have additional hardware product development questions? Send us an email, info@3d-innovations.com
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today.
When it Comes to Product Design, Let Creativity Shine
There are many reasons that your product may shift during product design—it is not efficient for manufacturing, timing is off, it’s too difficult for customers to use, it doesn’t have a solid consumer base. There are numerous factors that can change a product, and that is okay. It is okay to end up with a product that is different than your original idea, because the goal is success. You want to launch a product that resonates with consumers and successfully launches your startup.
To harness your creativity and be open to where product design can take you. If you are working with a product development firm, be open to design ideas. There are new manufacturing methods and design technologies available today that might be just what your product needs to take it to that next level.
Two technologies that will help you during the product design phase are:
3D Design
3D design will give you a feel for your product before it is even in your hands. You will be able to see your product in 3D and test your design to validate it all before you have a physical object to hold.
3D Printing
3D printing technology allows you to design and develop a product that breaks the confines of traditional design. Complex designs that break traditional constraints are now manufacturable thanks to this innovative technology.
Depending on the size of your product, your first physical prototype might be 3D printed. This technology will let you design, refine and re-print your product until you land on a final design.
When it comes to product design, think outside the box—way outside the box. Don’t get in your own way and stifle your creativity. With the technology available today, you are able to let your design imagination run wild, and the craziest part is that what you imagine can actually be made.
Have additional product development questions? Send us an email, info@3d-innovations.com
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today.
Design Patents and Utility Patents for Startups
Patent Basics
A patent for an invention is the grant of a property right to the inventor, issued by the United States Patent and Trademark Office (USPTO). U.S. patent grants are effective only within the United States, U.S. territories, and U.S. possessions. There are three types of patents: utility, design and plant patents.
Conducting a Patent Search
Once you have decided that you are interested in patenting your product, the next step is to conduct a patent search. A proper patent search will tell you if your invention, or its likeness, has been patented before or if your invention is indeed one-of-a-kind. There is nothing more time consuming, financially draining and demoralizing than filing for a patent, only to find that someone else already holds the patent to your invention.
The USPTO makes it possible to conduct a preliminary patent search on your own; however, it is highly recommended that you consult with a licensed patent search firm to assist with the bulk of the research. These firms have vast experience researching and are extremely knowledgeable in the classification systems.
Exploring Design Patents and Utility Patents
Design patents are often overlooked and underutilized compared to the more common utility patents. “Five percent of all patent applications (more than 30,000 per year) are design patents.” (Upcounsel) Design patents focus on the exterior design, features and overall aesthetics of the product. Utility patents focus on the functionality and features of your invention.
Design patents extend to what is exactly shown in the line drawings, nothing more. “Some products might need multiple design patents. Each would cover a specific physical feature of the proposed product. Cars, for instance, require many design patents.” (Upcounsel) Having high-quality professional line drawings by a CAD designer is extremely advantageous. With a design patent, you are able to use the coveted phrases, patent pending and patent issued on all marketing material, and have confidence that your invention is protected for the next fourteen years. Also. when it comes to cost, design patents are considerably cheaper to file than utility patents.
Utility patents focus solely on the inner workings of your invention, its unique functions and overall usefulness. “While a utility patent is harder to get, it offers better coverage. The utility patent has stronger protections built into the patent system.” (Upcounsel) An invention is deemed useful if it provides an identifiable benefit and is capable of use. People often refer to utility patents as “patents for invention”. According to the United States Patent and Trademark Office, ninety-percent of the patent documents issued by the USPTO in recent years have been utility patents. With a utility patent your invention will be protected for the next twenty years.
A design patent coupled with a utility patent provides overlapping protection for both the inner workings and exterior design of your product, and is a powerful tool in your IP arsenal.
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today.
Hardware Product Development: The First Steps
Product Development Strategy: Launching Your Idea
We recommend starting slow, so that you aren’t overwhelmed, and building a support system to help encourage you and keep you focused. If you plan on developing a hardware product, below are actionable items to keep you on track so that you are successful.
Get Your Product Idea Off the Ground
Coming up with a hardware product idea is exhilarating—knowing that you have an idea that will help not only yourself, but an entire segment of the population, is the very definition of exciting. So now you have an idea, but you aren’t exactly sure what to do next.
Building A Hardware Startup Outside of a Major Tech Hub
In today’s connected world, these major tech hubs are becoming less and less appealing for entrepreneurs just setting out with their startup. It’s no secret that the cost of living in major tech hubs is astronomical and upfront costs to get your business going also come at a premium. So if you are an entrepreneur looking into hardware product development and starting a business, but have no desire to pick-up and move, below are a few ideas on how you can successfully launch your hardware startup from your home city.
Hardware Startups: Knowing Your Market Segment
The key to a successful product launch and sustainable business success, is knowing the market segment you are launching your product into. An understanding of the market will provide insight into the competition, best distribution methods, customer acquisition and manufacturing methodology.
Marketing a New Hardware Product
When it comes to marketing your new hardware product, our best piece of advice is to start early. If you wait until your product is being manufactured, you are late to the game. Starting early, means that marketing and product testing often go hand-in-hand. You will simultaneously be able to gather feedback during your hardware product development stages, while also making your target market aware that it will be available to them soon.
How can a product development firm help me?
A product development firm should be your partner in this startup journey. Having a great product idea is exciting — executing that idea though can be a bit tricky since the road to product commercialization to fraught with obstacles. Often, startup founders turn to a product development firm to help make their idea a reality.
Don’t let the notion that hardware is hard stop you from pursuing your dream of building a product and launching your startup. With the right information and secure partnerships, successful hardware product development is possible and the time to start is now.
Have any additional questions about hardware product development? We can help. Please send us an email at info@3d-innovations.com
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today.
A ‘Startup Mindset’ is Advantageous
Key Elements of a Startup Mindset
Problem Solving Skills
Does uncertainty motivate you? Do you like to find creative solutions to a problem? Entrepreneurs look at uncertainty as though they have control of their future. They understand the problem they are facing and take control of solving it on their terms. Often this trait can come across as unshakable confidence. Solving a tough problem to them means they are in control of their future.
Healthy Curiosity
Children and students are great at asking ‘why?’, but as adults our constant curiosity can slowly diminish. The fear of the unknown can cause us to look for certainty in all situations. With a startup mindset our curiosity is reinvigorated. This mindset allows us to constantly ask questions and ultimately shake up entire industries by developing revolutionary ideas and businesses.
Upend the Status Quo
“That is just the way things are done” does not work with a startup mindset. Established wisdom does not mean that is how it must be done going forward. “Disruptive success comes from thinking in a different way than others have done, not just from following in their footsteps.” (Brainscape)
Take Risks
Starting a business is a risk—it is both a financial and time commitment risk. People with a startup mindset look at risk as an opportunity to create something bigger than themselves. No business is guaranteed success, and in many cases, failure is more likely. However, the challenge of launching and scaling a business is a risk worth taking for those with the right mindset.
Learn from Mistakes
Mistakes are part of being human, it is how we learn from them that sets us apart. Roadblocks during product development, manufacturing and product launches are all normal. How we decide to tackle these roadblocks is what matters. As we have all heard time and again, often we can learn more from failure than we can from success.
These are five elements of a startup mindset that you can take with you into any school, career or startup. The flexible, fast-moving and curiosity-driven mindset of the startup world can transform your approach to every aspect of your daily life.
Resources
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
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Connect with us on Twitter, Facebook & LinkedIn today.
How can a product development firm help me?
Product Development Firm | A Partner from Idea to Commercialization
A product development firm should be by your side from idea to store shelves. Having a single team in place throughout the entire product development process means that there is less room for error and that you can count on consistency. A full-service product development firm is invested in the success of your product and wants to see it on in the hands of your customers just as much as you do.
Intellectual Property
Intellectual property is no longer a “should have”, in today’s globalized world it is a “must have”. A product development firm will be able to help you navigate the world of patents, trademarks and copyrights along with your IP attorney.
Line drawings are necessary for design and utility patents, and your product development partner can produce these for your patent application. Since product development firms work with a range of IP attorneys, they will also be able to help you connect with one that fits your specific product needs.
Licensing
When it comes to licensing, your product development partner will be able to provide the technical aspects of the design to interested partners as well as their manufacturers. Licensing a product requires strategy and know-how, and this is exactly what a firm will be able to provide.
Manufacturing
Manufacturing your hardware product is no small task. Whether you decide to manufacture at home or abroad, there are certain unavoidable challenges. A product development partner will help you navigate the manufacturing process and connect you with potential manufacturing partners.
With the assistance of a product development firm, you will be guided by knowledgeable experts throughout the entire development process. You can ask questions, share ideas and collaborate on all aspects of the product development process. A skilled product development firm will be able to guide you from design to manufacturing and beyond.
Now it’s time to get out there and meet potential product development partners. In this blog post we discuss what you can expect during your first product development meeting.
Have additional questions about product development? Send us an email at info@3d-innovations.com.
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today.
Hardware Startups: Knowing Your Market Segment
Established Market
Entering an established market means that the competition is strong. Often the best way for a hardware startup to make a splash in this market segment is by offering a premium product. “Companies succeed by building premium brands, having sustainably better technology, or being close to their costs of production. The headphone market is a great example here: Think Beats (premium brand) vs. Bose (better tech) vs AmazonBasics (closest to costs of production).” (Bolt)
New Market
Some of the most creative products of today started in a completely new market—think Apple iPod & iPhone. While competition is low, failure rate is high. When you are the first in a new market segment you have to pioneer new distribution channels, find your customer base, work hard to establish product/market fit and educate the market. According to “The Startup Owner’s Manual”, startups in this market won’t spend heavily on marketing and sales since you are not yet sure that a customer base exists yet.
You hear the term “pivot” quite a bit regarding startups, and that is what many startups find themselves doing when entering a completely new market. Your product is very likely to change to meet consumer demands.
Re-segmented Market
This is the most common market segment for startups to launch a product into. Your product will either re-segment via low cost or re-segment via niche. If you are aiming for low-cost you have a product that has less frills yet still adequately meets customer demands but at a lower price point. “In other hardware markets, startups work in product categories that users already understand, but focus on a niche that really appeals to a small subset of users.” (Bolt) With a niche product, you are aiming to launch a product that is intriguing enough for brand loyalists to switch over to your product.
When it comes to the re-segmented market, you do not have to completely educate the market since your competition has spent time doing that. However, you do have to adequately educate them as to why your product is not only different, but why they need it.
Startups that have a clear idea on the type of market segment they are entering will be in a better position when it comes time to launch their product.
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today
Market Validation: Test Your Product Idea Early
Below are three ways to quickly complete the first phases of market validation to test your new product idea:
Look for Competitors
Successful competitors offer proof that demand exists. While it can often be daunting to first-time entrepreneurs, competitors validate that there is a market for your product.
When you are the first to market, you are faced with the challenge of not only selling your product, but educating your target market about the major problem as well. Established competitors have already educated the market and conducted market validation, now you get to come in and offer a new solution.
You can offer the product in a new location, market it to a new group of people, or differentiate based on features or price to carve out market share. (Entrepreneurs Handbook).
Talk with Your Target Market
While your friends and family might find your idea cool, are they your target market? Will they be making a purchasing decision for your product? If the answer is “no” you need to reach out to your actual target market—the people you want to buy your product.
If your product is challenging to explain in a clear and concise manner, a visual prototype can really help you convey your idea. Depending on the size of your product, 3D printing technology allows you to design and print a visual prototype quickly.
The feedback from your target market is going to help you build the product customers will buy, so the design of your product will most likely change a bit to accommodate customer needs.
Research Search Traffic
Google is a powerful tool and can give you a glimpse into the collective mindset of your target audience. See how frequently people are searching for the product solution you want to launch.
It will be up to you to interpret the data, but this market validation strategy is a way to see what people are looking for and the words they use to describe it.
Early Market Validation is Key to Success
Due diligence is crucial in entrepreneurship because it helps you avoid losing time, money, relationship capital, and confidence on a bad idea. (Entrepreneurs Handbook). These three tests are a quick way to start the market validation process, test your idea and ultimately help your startup succeed quickly.
Do you have additional product development questions? Send us an email at info@3d-innovations.com
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
Subscribe to the 3D Innovations newsletter on our Facebook page!
Connect with us on Twitter, Facebook & LinkedIn today