How much will it cost to get my new product to market

, 14.00 – 17.00
BIPC
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New product development - Costs and prices workshop

Bringing a new product to market is usually a complex process with many steps along the way.

Here are some of those activities:

Idea concept Market testing Researching IP opportunities / impediments Checking standards Proof-of-principle prototype Protype testing Initial design Prototyping User Testing Third-party-test-house? Registering IP Working with a designer / manufacturing consultant Finding a manufacturer Detail design for manufacture Production Tooling Sourcing samples Checking the quality Designing and sourcing packaging Sourcing small batches Sourcing production batches Product liability insurance Product launch Licensing opportunities

Quite often the lone entrepreneur has a bright, innovative idea and sets out along a path to turn that bright idea into a successful product launch. Here is a warning:
  • For that successful, mature company, it is likely that bringing their next product to the market will cost more than they, with all their experience, had estimated
  • For the inexperienced developer, it is not uncommon that they hit costs for services whose existence they didn’t know but which are highly desirable / mandatory.

This workshop explores the activities involved in bringing a physical product to market (not for APPs, or services). It will advise on typical costs for each stage. It will be suitable for those contemplating their first project – or for those who have already been through the process.


Details

Name: How much will it cost to get my new product to market
Where: Business & IP Centre
The British Library
96 Euston Road
London
NW1 2DB
Show map      How to get to the Library
When: , 14.00 – 17.00
Price: £30.00 + fee
Enquiries: +44 (0)20 7412 7901
bipcworkshops@bl.uk
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