Business Data Intelligence Services
Design 1st offers an array of product business and marketing support services to help clients with early stage research. We help you understand patenting, collect information so you can figure out the target market, distribution network and selling price and create presentation materials so you can easily explain the new product to potential investors and buyers. With early image renders and prototypes we can also help prepare you to get consumer reaction to the new product. The information we prepare with our clients helps to form a strategic understanding of the opportunity and gives them the tools they need to present their new product idea effectively.
Early Stage Research
B1 Competitive-Complimentary-Comparative Research – we search for direct competitive products, similar products and useable features and information that helps focus the team during your new product design concept definition stage.
IS YOUR PRODUCT ALREADY OUT THERE? It is important to know if there are similar product already in the market. We take a detailed look at competitive and complimentary products then provide a comprehensive report so you have a strong understanding of ways to best differentiate your new product .
The report may also may cause you to think twice about continuing with the new product idea or it may help you change the direction of what new features should be offered and help better define your first customer.
The B1 report takes a few days and we charge $800.
Whether you are a start-up, entrepreneur or established business your competition never stands still. Understanding who your competitors are, the products they offer and their sales strategy will help with critical business and product development decisions. The wealth of data available online allows for the entire scope of a products market industry to be researched and understood. The competitive research report and analysis will breakdown various details of the competitive landscape including:
- Competitive Products:
- • Direct competitive products that perform the same function, offering similar features
- Comparative Products:
- * Products that perform the same function through a different method
- Complimentary Products:
- • Products that work in tandem with your product or supplement use
The value of this research serves two purposes; the first being the added business value of understanding the competitive landscape before bringing a product to market, while at the same time helping aid the product design process through data on competing product’s features price points and design.
B2 Patent Space Report – we research and report on what IP design-utility patents and knowledge are in the public space that are similar to your new product idea.
Is your New Idea Patented already? We perform an online search and provide a comprehensive report to identify quickly the related patents overlapping your idea. This is not a full legal patent search however we look to the USA/Canada databases and find the obvious infringements quickly to understand if the idea directly violates published patents.
The B2 report takes a few days and we charge $800.
Embarking down the road of new product development can lead to various obstacles including both technical and legal. When entrepreneurs, startups or established companies wanting to bring a product to market, the main legal obstacle they will face are patents. While engaging with a patent lawyer can circumvent many of these issues, the costs incurred can quickly add up. Our patent research report can reduce these costs when filing a patent application and provide valuable insight to the product development process by identifying competitor designs, inventions and features that are already in the public information space.
With over 500 client projects to date, Design 1st is skilled at identifying possible new patentable features and issues surrounding existing patent claims. We have the necessary resources, tools and experience to conduct a detailed Canada and USA patent search on our client’s behalf. The resulting information is not absolutely conclusive and can be passed on to a patent lawyer to aid in the provisional patent filing process. The information and ideas collected will also help the design team identify unique and valuable features that are missing in existing products.
The patent research report Design 1st conducts on a client’s behalf is tailored to meet the particular needs of a client, whether it be competitive intelligence gathering, generating product ideas or supplementing a pre-existing patent lawyer’s search results. We work closely with your patent agent to make sure all information is examined before filing your patent.
B3 Web Company Presence Report Card – a detailed report card of your online company web presence. Analysis examines your website features against strategic web search terms and relative performance against competitors.
How do people find your Current Company & Products? Design 1st offers entrepreneurs, start-ups and established companies a web presence assessment that looks at yours or your competitors current web information and grades it on a variety of technical, marketing and visual factors. The result is a recommended activity list that will be the cornerstone to renew and track your online brand.
The breakdown of activities in the web presence report includes:
- Audit of Website
- Competitive Keyword Review
- Roadmap of Activities to Reach Target Awareness Metrics
The B3 report takes a few days and we charge $800.
The internet has transformed the way companies do business and interact with clients and suppliers. Marketing strategy, sales and business processes are enhanced when the web is utilized to its full extent. Simply having a website is not enough anymore; companies need to understand how people are finding and consuming information about their products and their company to best manage their sales channels and brand. The goal is simple awareness and monitoring of your clients, suppliers and business network ability and access patterns with your online content.
The background of this service offering began five years ago when we sought to optimize Design 1st’ online web presence. Through trial and error we have become proficient in understanding how both the activities and resulting value that comes from understanding the online landscape of an industry. As clients have continued to inquire and use this service, we have perfected the process to integrate into our core service offering of new product development.
Products Currently for License and Sale
We are currently working with dozens of inventors to transform their ideas into product designs that are ready to license and manufacture. Inventions cover a wide range of categories, including: fitness equipment, personal care appliances, household products, consumer electronics, medical devices, industrial equipment, and more. Whether you're an inventor in need of a partner to transform your idea into reality or a marketing or manufacturing company looking for innovative new products to license, contact us today toll free at 877.235.1004 x234 to discuss.
Patented Product Ventures For License and Purchase
Call us at 877 235.1004 x228 to find out more about our Start Up inventors and how to participate in their success as investors and buyers of the products and we will put you in touch.