Cambridge Consultants' free guidance for start-ups - Turning product ideas into reality
June 29, 2012 // Julien Happich
How does a start-up company convince investors to help turn a bathtub idea into a warehouse full of products? That's the question tackled by leading technology design and development firm Cambridge Consultants in a new free guide to help start-ups get their products successfully to market.
The guide looks at the key questions investors will ask to assess whether a start-ups product idea is the next big thing and uses Cambridge Consultants established approach to product development to help answer them.
Our phased approach to product development tackles the tough technical challenges first there is little point spending time and money on 'turnkey engineering when the core technology might not work, said Duncan Smith, Head of Product Development at Cambridge Consultants. And through our work with a variety of start-ups and by spinning out our own companies we have seen how this phased approach not only de-risks a development technically, but also commercially. This enables the start-up to build a coherent picture of the position of the company, answering many of the questions that investors will ask ahead of investing any further.
As a leading product development company, Cambridge Consultants has helped many companies de-risk and speed up the process of getting to market, complementing their in-house capabilities without having to grow their company with a full-scale product development team. In the early stages, as well as answering the tough questions investors will ask, the most important thing is to communicate the benefits and advantages of the new technology. This can be hard with innovative products that do not have the normal reference points, and is best done using demonstrators.All news
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