Process
"Innovation is the process of turning ideas into manufacturable and marketable form."
— Watts Humprey
identify product idea
brainstorming, discussion
research idea
product cost investigation
is it worth more effort?
opportunity go, no-go
define mvp, minimum viable product
define core functions & specs
deeper dive into product potential
feature add-on ideas, and draft product revision scope
product market life projections
safety and quality
draft business plan
identify components and pieces
resource components
build prototype
issue resolution & adaptation
include other technical experts
hardware, firmware, software
revise specs
stress test
verify product works as projected
test prototype in lab
test prototype in real world environment
configurations analysis, adjustments
challenge specifications
best settings
financial analysis
product works?
manufacturing go, no-go
investor relations
specification revisions
customer friendly design
micronizing components
manufacturing process partnering
$ savings bulk production
business plan revision
retail pricing strategy
end-user product testing (large sample size)
investor partner agreement(s)
final design
retail partnering agreement
product packaging
marketing plan
product website
scaled manufacturing
bring product to market
reseller agreements
customer engagement
product launch