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Depending on the Client's needs, EnCata does a narrowly focused market feasibility study to help identify the competition in the market, or conduct a feasibility analysis of the Client's idea. Business feasibility study helps to determine the viability of the project.
EnCata specialized in hardware product development. Our approach to testing business ideas is different from feasibility study companies. We match business goals with our understanding of the manufacturing requirements. In order to verify whether the product concept and technical level meet the market expectations and the Client's business model,we provide feasibility study consulting including financial and economic parts. Using such an in-depth process helps to determine the factors that will lead a project to success or failure.
We act as your extended R&D team which is faster than hiring engineers locally. The breadth of our technical expertise is unique.
Our dedicated team is ready to scale up quickly. We utilize AGILE lean development process that leads to 30-50% faster delivery.
Our development location enables us to be cost-effective and deliver premium R&D and engineering services at 1/3 of the price compared to that of in N-W Europe and USA.
The technical analysis of a business idea or new product influences all other stages of development. EnCata’s feasibility study consultants help with technical analysis including financial and economic feasibility regardless of the stage of the business development. It means we work with already produced products or even with new product ideas.
We provide feasibility study consulting, which performs several tasks:
1. examines the conceptual solution chosen by the Client from the perspective of end-user benefits;
2. clarifies product requirements on the basis of user experience and translates them into technical requirements;
3. allows you to assess the technical level of the product idea and make the device concept;
4. provides information on the viability of the business.
The industrial design of a new product must be appealing and user-friendly. Industrial design must sell. Often we get projects with a design that makes the product uncompetitive in price in its market segment. The business feasibility study helps find a balance, and gives guidelines and limitations for industrial design. This stage does not override design studies or focus groups, it provides information on how decisions made can affect the development and production process. EnCata is one of few companies providing services in this sphere.
Functional and structural analysis at the feasibility study stage allows you to get rid of redundancy. It helps to decide which functions are useful and necessary for the user. As a result, it will help develop a competitive product. Only the parts that perform these functions will be left in the manufacturing process. This can shorten the development time and reduce risks. Also, product development is directly related to the Client's business model. It is important that their lifecycle corresponds to it.
Most modern products have electronics that need to be protected by enclosures. User interaction with the device is another important function of the enclosure. It often happens that at different stages of the product lifecycle, it needs different enclosures made with different technologies. Sometimes, it is possible to start sales with a standard enclosure of the device. This decision should be made based on an analysis of the product, business model, user expectations, and manufacturing capabilities - something EnCata's feasibility study consultants can be connected to.
By performing a feasibility report we get a roadmap of prototypes. We determine at what stage of the development and in which prototype we will test certain functions or technologies. Of course, in the process of development, something may change, but we will at least have a reference point. The feasibility economic assessment of a project gives us an introduction to what function is the main part in the product and what technology is needed to provide it. This is what will be put into the First Prototype - Proof-of-Concept.
Sometimes our Clients turn to us with an already developed product and with several prototypes. However, they can not start selling because of the very high cost of molds and other tooling. In such cases, we deal with the consequences of a poorly executed Feasibility Study. At the very beginning of a development, it is very important to estimate the capital investment to start mass production and sales, or to determine the limit at which a business is possible. This will be a very important constraint for manufacturers.
The technical feasibility report provides information that can draw the Client's attention to thinking about how he or she can organize a mass production. We study how different approaches will affect the business profitability and cash flow. The choice of location for mass production depends on it. In general, such information can be useful when looking for investments and preparing business plans, since producing one-off prototypes is not the same as starting mass production.
It is important to have a full understanding of how a certain feature or design solution will affect the product competitiveness. Testing by real users is the best way to find the answers. Hardware products have a long time-to-market cycle. For this reason, it is difficult to understand how the first version of your product should look like, how the selected technologies will affect the development and manufacturing costs of this first batch. Technical analysis at the beginning helps to build the product roadmap, but it does not cancel out communication with end users, analysis of competitors, or building business models.
For a product team, the simplest and most valuable result after the technical feasibility study consulting can be the list of components, their costs and time of delivery. When we create a device concept, we tie together all the features, requirements and business limitations of the new product. This allows us to formulate top-level requirements for standard components: motors, batteries, piping, screens, communication modules. Sometimes, it may turn out that a very powerful and expensive motor must be used to achieve the desired speed, or that it takes a lot of energy to transmit data over the desired distance. This can make the battery heavy and expensive. The project team can then start adjusting their expectations from the product or business strategy. The team will be provided with the valuable data even before the design stage or prototyping.
We focus on the entire product/service lifecycle, from concept to implementation to market launch. EnCata’s knowledge, resources and innovation development expertise allow our Clients to develop and expand their businesses faster and leaner.
EnCata can provide your startup with the end-to-end product development service in both hardware and software domains coupled with the outstanding inhouse prototyping facilities.
Turn to EnCata if you need our premimum consultancy services (concept review, design / CAD review or advice on software architecture code you produced) only when our advice is needed.
Come to EnCata with your CAD to produce parts for your prototype in EnCata. Assemble and test your prototype at our MakeIT Center fablab - we don't charge for the access!
Our hardware engineers are focus on the entire product/service lifecycle, from concept to implementation to market launch. EnCata’s knowledge, resources and innovation development expertise allow our Clients to develop and expand their businesses faster and leaner.
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Cut your development speed and costs by half with our in-house design, engineering, and manufacturing capabilities for breakthrough new products from just an idea phase.
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