The Backyard Inventor’s Maze: Navigating Idea to Market

Product ideas, inventions and inventors have been making headlines in the media lately. Just this week the Ottawa Citizen covered an Industry Canada Inventor Report that showed 13 per cent of Canadians consider themselves inventors – are you one of them? If so, you may be interested in knowing what it takes to move your idea from the “ah-ha” moment to distributors and store shelves. Last month, Profit Magazine took a stab at unraveling this daunting process with a well written piece called the “Inventor’s Playbook”.  In the article they […]
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Why Inventors Are the Center of New Innovation

Design 1st offers help to many innovators to commercialize their product ideas providing them everything they need from patent submissions to design, marketing and manufacturing specifications.  This approach allows them to control the business direction from licensing to full production and sales. With the increasing number of Canadian innovators and inventors, corporations are taking notice. A research paper led by MIT professor and author Eric von Hippel emphasizes this point stating: “Companies will have to help their own product developers look at consumer-developed innovations with new eyes – not just […]
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12 Funding Sources for Hardware, IoT and Robotics Startups

Ways to fund your physical product startup: Funding is critical to the success of any new physical product development project. It’s one of the key ingredients on top of a great idea, a talented team, and a tight product-market fit that every company needs to push forward to market.   Physical product development is a cash flow business, necessary to get to market, manufacture, ship to customers, and scale your sales. Over 25 years, Design 1st has seen 1000+ physical product development projects move from concept to manufacturing. Each of these projects navigated funding challenges.    To help you […]
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Design 1st Featured in CBC News Investigation on Product Idea Dispute

CBC Go Public 's Investigative Team Asked Design 1st For Expert Opinion   Design 1st President Kevin Bailey gave expert analysis on CBC Go Public's investigation of an inventor’s complaint that Tim Horton’s took their idea. CBC Go Public's Investigative Report Featuring Design 1st President Kevin Bailey (2:18min) Ahead of the interview with CBC Dragons' Den host Diane Buckner, Kevin ran an in-house experiment looking at how likely it would be for separate individuals to come up with similar product designs. The experiment gave three Design 1st product designers the challenge of […]
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How Much Do Product Design Firms Charge?

There are three financing models for new product design and development: Flat Fee, Hourly Fee For Service, and Reduced Fee + Equity. Searching for a product design firm to help with your new product idea is tough. A quick Google search will give you dozens of potential firms with a range of services, pricing models, and experience. The challenge is choosing the right firm that will deliver a successful project right, the first time.  Understand what finance models firms offer will help you make the right choice.   To help […]
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Glossary of Product Design Terms

88 Product Design Terms You Need to Know If you are designing a new product, working with a product design firm or have an interest in hardware startups - knowing your way around product design terminology is critical. For example, exploding a  BOM - may come as shock to those who don't know BOM stands for bill of materials, and exploding it simply means showing a list of all the components in one view! But a quick read of the most frequently used product design related terms below will bring […]
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