What to Do First When You Have an Invention Idea

What to Do First When You Have an Invention Idea

The first steps for an invention idea are not drawing it, patenting it, or pitching it. They are writing it down with a date, checking whether someone has already built it, and defining the smallest possible test that would prove the idea works. Those three moves cost almost nothing, take a week or two, and […]

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The 7 Stages of New Product Development From Idea to Launch

The 7 Stages of New Product Development From Idea to Launch

The seven new product development process stages that move a product from a rough idea to a real launch are discovery, validation, concept and scoping, design and prototyping, engineering build, testing and compliance, then launch and iteration. Each stage ends with a decision, not a celebration: you either fund the next stage, change direction, or […]

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What Does a Product Feasibility Study Cost

What Does a Product Feasibility Study Cost

The product feasibility study cost Canada businesses should budget for runs from roughly $8,000 for a focused two week software assessment to $75,000 or more for a deep-tech hardware program that includes bench testing. Most of the studies we scope at Prototype Toronto land between $15,000 and $35,000 and take four to eight weeks. That […]

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