New product development services for businesses
Technical and commercial screening services
Successful new product development processes typically contain a series of review gates. We offer objective, independent, third-party reviews of new product concepts. The purpose of these review gates is to appraise development activity and the on-going viability of the proposed product. There are two types of review to choose from: first, an initial screening review that provides an early-stage appraisal of a product concept in terms of its technical and commercial merits. Second, our detailed commercial and technical reviews that focus on more advanced development programmes where the outcome of the review influences if and how further resource is allocated.
Market Research Services
The SciTech Innovation Hub offers a bespoke market research service tailored to meet the specific needs of our clients – whether at the scoping stage of a development programme or when detailing the business case. Services include, but are not restricted to:
- Exploratory market assessment
- Competitor analysis
Intellectual Property Services
Consideration of intellectual property rights when developing the business case is critical to successful exploitation. We have direct experience of patent applications and negotiating license agreements which clients can benefit from:
- Development of IPR strategy
- Preparing patent applications and pitching to potential licensees
- Guidance on negotiation of terms and conditions within a patent license agreement.
Design and Prototyping Services
Our design and prototyping services offer clients the opportunity to realise their proposed product in a digital or tangible form. Our services include:
- Product design
- Rapid prototyping
- Product testing and validation
For a full description of our new product development services for business, please visit the dedicated SciTech Innovation Hub page.