Every project we undertake is unique, which means pricing varies as well. Developing a product requires a deep understanding of your goals, identifying key activities, and scoping appropriately to ensure success. While we can’t offer definitive pricing upfront, we strive for transparency, giving you a clear picture of the scope and costs involved at each project stage. Before we begin, we provide a detailed cost breakdown based on your project’s specific activities, ensuring clarity and confidence at every step.
How We Work
Our solutions are not off-the-shelf. With over 500 years of collective experience, we create custom plans tailored to your unique needs, ensuring there are no surprises. We quickly identify challenges and design strategies to overcome them while keeping your business, product needs, personal goals, and timelines in mind.
For more details about our approach, visit our How We Work page.
Why You Can Trust Our Process
Our process follows a “Stage Gate” model, with defined points throughout the project where you can “sign off” to approve the direction and authorize us to proceed. These key moments allow us to make informed decisions about product and design direction together, ensuring your goals are met—and exceeded. We can evaluate progress at any time and adjust the approach based on your feedback.
High-Level Steps of Our Process (Customized for Each Project):
- Research and Development (R&D)
- Project Planning & Strategy
- Brainstorming & Conceptualization
- Industrial Design
- Engineering & Development
- Design Experiments
- First Full Prototype
- Prototype Testing
- Revised Prototype(s)
- Additional Testing & Customer Feedback
- Optimization for Manufacturing
- Contract Manufacturing Communication & Setup
- Quality System Design & Implementation
- Tooling Creation & First Articles
- Manufacturing Scale-Up
Note: Not every step is required for every project. We customize the process to align with your goals efficiently and effectively.
Estimated Costs by Project Type
To give you a better idea of pricing, here are real-world examples of product development projects we have completed. Each example includes a breakdown of key activities, deliverables, and estimated costs at various stages.
1. Brainstorming & Conceptualization
- Deliverable: Concept presentation with multiple design options and next steps.
- Estimated Cost: $2,700
2. Consumer Product Development
- Deliverable: Prototype-ready design for a simple consumer product with plastic parts.
- Estimated Cost: $12,000
3. Smart Tracking Wearable
- Deliverable: A next-generation tracking device, ready for mass production.
- Estimated Cost: $489,000 – $590,000
4. Medical Device Design
- Deliverable: Functional prototype for Phase 0 testing (pre-FDA approval).
- Estimated Cost: $36,675
5. Custom Electrical & Software Systems
- Deliverable: Fully functional prototype with production readiness.
- Estimated Cost: $56,500 – $73,000
These examples illustrate how different project scopes, technical requirements, and complexity levels impact pricing.
Download Our Pricing Guide
Understanding the costs involved is the first step in turning your idea into reality. Our detailed Product Development Pricing Guide breaks down costs for different project types, helping you plan your budget effectively.
Have questions about your project? Contact us today for a consultation and custom quote!