Fixed Price Electronics & Software Feasibility Study
validate YOUR Product CONCEPT
Ripcord’s Electronics and Software Feasibility Study can save you time and money as you develop your new product.
Electronic product development can be expensive, time consuming and risky. Mistakes that go undetected at the start of a project can prove very costly to fix later in the development cycle. The best way to mitigate these risks and cut unnecessary costs is to get an independent, professional review of your project concept before you start the detailed design work. We can help you by determining the technical feasibility of your new product idea, along with estimates of development and manufacturing costs.
There are many reasons to get a professional second opinion and review of your electronic product idea including:
Confirm the technical feasibility of your product concept
Identify design options and trade-offs
Understand the risks and how to mitigate them
Reassure investors and help secure funding
Identity any reasons not to proceed
EACH Feasibility Study Includes
Review the technical requirements
Assess and advise on technical options, architecture & platform
Identify major technical risks and mitigation strategies
Development Cost Estimate
Electronics Development costs
Software development costs
Prototype manufacturing costs
Development Timeline Estimate
Estimate for each development task
Manufacturing Cost Estimate
Unit cost by volume
Standard FEASIBILITY STUDY
Best for those from a technical background with a well-defined product concept, including documented requirements.
The standard feasibility study includes the following detailed sections:
Technical analysis of your product idea
Development cost estimate
Development schedule estimate
Manufacturing costs estimate
PRemiuM Feasibility StudY
For those who are new to product development or need assistance with formally defining their product features and requirements.
The premium feasibility study includes everything in the standard plan, plus:
Help defining and documenting your product concept (2-hour telephone support)
Technical advice regarding next-steps for your project
Follow Up Call or Meeting (1 hour)
1 month of support via e-mail
Standard Feasibility Study: £2,495
Premium Feasibility Study: £2,995
Feasibility Study FAQ:
How long will it take to get my report?
We aim to deliver your feasibility study to you within three weeks from receiving your completed product specification questionnaire. As we are reliant on manufactures and component suppliers replying to request for quotes to complete the cost section there are cases where the cost section of the report may be delayed. We will let you know if this is the case.
What type of concepts and product are covered for the fixed price study?
This fixed price feasibility study covers most single electronic and embedded software products. It does not cover complex systems. If your product concept is a complex system with multiple connected devices we will be glad to work with you to design your system and provide you with a technical feasibility study but it would not be included in the fixed price. Please contact us for a quote for electronic system designs.
What is not covered in the study?
Intellectual Property matters
Mechanical and Industrial design
Transport and Logistic costs or import duties
How can we keep things confidential?
We take customer confidentiality seriously and promise to treat all the information you share with us as confidential. Being innovators ourselves we understand the value of your ideas, trade secrets and other company information.
A non-disclosure agreement will be sent to you once you request your feasibility study. For feasibility studies we ask that you sign our NDA. If you prefer to review the NDA before completing the Feasibility Study Request form you can download it here.
What about IP ownership?
The feasibility studies do not generally generate any IP, as they will not drill down to that level of detail.
Payment & Invoices
All prices are in GBP and exclude VAT. Payments are made via bank transfer prior to the start of the feasibility study. Once you complete the study request form and we confirm that we can complete a study for your product concept we will send a quote with bank details. If you are funding your study with a grant please let us know and we will work with your funder to complete the required paperwork.
The optional in-person meeting included in the premium feasibility study is held in our office.