NEW PRODUCT DEVELOPMENT QUESTIONS (FAQ)

WE GOT ANSWERS!

Below we listed the new product development questions we often hear from our potential customers interested in developing their product ideas and inventions. If you can’t find your question please call us or send us a message.

How much do your services cost ?

We provide an estimate before each project stage. You pay only what is quoted. Our standard payment terms: 50% deposit, 50% upon completion of each stage. We never charge hourly fees, as we believe you should only pay for the end result. Initial consultations are always free.

How long does it take?

Developing a product from scratch can take somewhat between 3 months to 2 years depending on the complexity, availability of resources, and some other factors. Before we start working on your project we’ll discuss what developing your product idea would entail in terms of time and money.

Here are a few examples of how long different project stages take on average:

- Product Discovery – 3-6 weeks
- Concept Design – 2-6 weeks
- Prototyping* – 3-8 weeks
- Design for Manufacturing – 2-12 weeks
- Creating Marketing Materials – 3-6 weeks

*Learn more about how long it takes to build different prototypes.

What is your process?

After we review your product idea and design requirements and develop a clear understanding of your goals, we will define and discuss with you the best way to achieve them. Here is a map of our standard product development process.

Can you build a prototype of my design ?

Yes, we can build a range of prototypes, including mechanical prototypes, electrical prototypes, fabric prototypes, and mobile app prototypes. We use rapid prototyping technologies, including 3D printing, CNC machining, silicon rubber molding, laser cutting, and others. More about prototyping.

What kind of products have you designed before ?

We designed, prototyped, and launched many various products ranging from toys to heavy machinery equipment, automated lines, and IoT devices. We specialize in mechanical products including tools, mechanisms, machinery, and electronic products including IoT (internet of things) devices, wearable gadgets, and wireless gadgets based on GPS, GSM, and Bluetooth technologies.

Do you do patents ?

We can perform a thorough prior art and market search for you but we do not write or file patent applications. We can refer you to our vetted and trusted network of patent attorneys and agents.

Do you have engineers and designers in the house ?

Yes, we do. Our staff includes engineers and designers with graduate degrees (MS and PHDs) and extensive industry experience.

Who will own the design ?

Everything our team designs for you belongs to you once the work is paid.

Do you sign a Confidentiality or Nondisclosure Agreement ?

Yes, we do. View our standard Nondisclosure Agreement here.

Do you have a list of new product development questions or a questionnaire for new product development?

Sure. Here it is https://lanpdt.com/new-product-development-questionnaire/

What would I get as an outcome ?

Everything we would agree on. We provide a full spectrum of product development-related services so we can deliver a turnkey solution or just a part of your project.

If your goal is licensing your idea, we would typically provide you with 3D CAD models, 2D drawings, and photorealistic renderings along with a sell sheet so you could present your product idea to potential licensees. Optionally, we can also create 3D animations and VR (virtual reality), BOM (Bill of material), prototypes, and more.

All the deliverables will be discussed and specified in our proposal.