Initial technical feasibility assessment of your new product idea before product development commences.
The technical feasibility stage fully explores the idea and attempts to ensure that technically it will work. This might involve researching mechanisms, electronic solutions or the latest technical fabrics and assessing their capabilities to perform the required function in your product. . This stage sometimes needs to be combined with making a basic physical model and it can sometimes be sensible to build novel mechanisms in 2D to assess feasibility whilst minimising your cost and therefore risk.
By way of an example, it might be that a new concept for a camping kettle is required to run off batteries and boil water in under a minute for 6 people to have a cup of tea. The technical feasibility assessment would look at the latest heating technology, efficiencies and the latest (affordable) battery technology. Potentially this might be possible, but it might be that the necessary power to do this requires a battery that is the size and weight of a brick. This might then not be feasibility for a camping product. The stage would seek to provide the necessary information for the client to decide if it is worth proceeding.
This is a complete list of all potential requirements of this stage. It does depend on your project and your specific requirements and therefore all of these elements might not be necessary in your case.
This stage provides reassurance that your idea is technically possible before you further invest in the concept.
Generally this stage should take two to four weeks to be done thoroughly. Cost depends on complexity but varies from around £1500 to £3000.
Three simple reasons:
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Once concept development is complete, the next step is often more detailed consideration of the user, functionality and ergonomics. Click to read more about Industrial Design.
If you would like to find out more about project viability and managing your risk click here.