Product Development Services- Product Development Process Map

At LA NPDT, we turn your idea into a tangible product that benefits your bottom line. Our product development services include concept development, rapid prototyping, testing, IoT product design and electronic design service also the product to market transition (commercialization).

LA NPDT’s New Product Development Map Brochure

Licensing vs. Launching a Business

A critical decision when embarking on the invention process is whether you should independently operate the business or license the idea to an established company or manufacturer.

• Going into a business by yourself requires a greater commitment and tolerance for risk with the promise of greater rewards.
• Licensing an invention minimizes risk and also the financial return.

This decision requires three primary considerations:

• What are your goals?
• Do you have all the resources needed?
• Your tolerance for risk and expectation for rewards

Act on Your Ideas!

Taking a product from concept to market requires time, energy, and also money. If successful, the financial and personal gratification can be well worth the effort. Consulting with experts is a good idea, but ultimately, only you can decide which commercialization strategy will work for you. You must also consider and analyze each option carefully. Check this article to learn more about licensing vs. launching a business. Whatever you do, don’t wait. The clock is ticking, and you can’t turn back time. Instead of allowing this brilliant idea to get lost among the abandoned others, develop your plan and take action. Only you can make this happen. You miss 100% of the shots you don’t take.

Our Approach

Our Scrum-based product development services are based on the cross-functional collaboration of our highly educated and trained multi-disciplinary team. We also split the projects into “bite-size” pieces, prioritize them, and tackle them one by one. Getting customer feedback during the process also allows us to deliver the best possible result, often exceeding the expectations. By continuously optimizing our internal communication and project management skills we achieve exceptional productivity and efficiency. Scrum has also been proven to be successful for a variety of product categories ranging from consumer electronics to medical devices. Providing turnkey product development services while increasing the value of your product or business idea, is the ultimate goal of our work and we are also dedicated to making the process as easy as possible for our clients.

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