From Garage to Glory: The New Product Development Journey

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Friday, 21 April, 2023 - 09:30 to 11:30

From Garage to Glory: The New Product Development Journey

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Join us on a journey from garage to glory as we explore the exciting world of new product development and discover the strategies, tips, and tools you need to bring your vision to life

Are you starting a product business for the first time or developing new products for your portfolio? Join us on a journey from idea generation to commercialization as we explore the exciting world of new product development.

This session will focus on our new product development roadmap, taking participants through the steps from idea generation to concept development and eventual commercialization. You will gain an understanding of the product lifecycle and its implications for your business, as well as the benefits of an iterative cycle of new product development.

Through this session, you will learn about the 8 steps to successfully bringing a new product to market and receive hints and tips to make the process more successful. You will gain insights into where new ideas for products come from, how to screen them, and how to develop and test concepts.

In addition, we will explore how to research and analyze the market to understand a new product's potential competitive picture and relative potential for success.

Whether you're a first-time product business owner or looking to expand your portfolio, this session will equip you with the knowledge and tools you need to bring your vision to life. Join us on the journey from garage to glory and take the first step towards new product development success.

Participants will:

  • understand the product lifecycle and how it applies to their business and products.
  • learn the benefits of an iterative cycle of new product development and how it can lead to more successful product launches.
  • gain an understanding of the 8 steps involved in new product development, from idea generation to commercialization.
  • learn tips and best practices for each step of the new product development process, helping them to optimize their efforts and improve their chances of success.
  • gain insights into where new ideas for products come from and how to screen them to ensure they align with business goals and customer needs.
  • learn how to develop and test product concepts, from initial ideation to final prototyping and validation.
  • understand how to research and analyze the market to evaluate a new product's potential competitive picture and relative potential for success.
  • learn how to use new product development strategies to create a competitive advantage and grow their business.

Please note we have a lot of marketing sessions planned over the next few months.

For more information click here 

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Made Smarter WM

Made Smarter is a national movement to drive growth amongst UK makers and advance the UK economy. Backed by world renowned businesses and the UK government, it will improve the development and adoption of emerging technologies. Making a real, everyday difference to people from the boardroom to the factory floor.

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Client testimonials

Without the Growth Hubs help and assistance, we would never have been able to increase our sales & output and also grow our local business. With this help in purchasing new equipment we have expanded our operations and gained a new and increased customer base.

Nuneaton Roof Truss,

Over the past few years, Armstrongs has built up a fantastic relationship with Gary Thyeson from the Growth Hub. His advice on grants and funding has been really valuable to both Armstrongs and some of our clients. His knowledge of local business support has been helpful in signposting us to relevant support agencies as required. We look forward to working with Laura Delahunty moving forwards.

Armstrongs Accountancy LTD,

In the short time since first engaging with the Warwickshire Growth Hub we feel that Laura has understood our vision and has been so very supportive in linking us to the specialist teams who are now supporting us with training, finance and recruitment. A great service that every growing organisation should connect with

MES Systems Limited,

I have had an excellent experience working with Laura from the Growth Hub, from day one, she was taking detailed attention to my concerns and ideas. She was able to put me in contact with different organisations and people to find out answers to my questions and help me to solve some inquiries I was having. I feel this support definitely had a positive impact in my plans. 

 

PALACIOS LTD,

It’s been a fantastic inaugural eight months for the TalentTech Recruitment team and, although the reality of setting up and running a company can be a somewhat daunting experience, we have been extremely grateful for the superb help, advice and guidance given to us along our journey by Gavin Barnett and the team at CW Growth Hub. Gavin’s introductions to both Warwick & Coventry Universities and his wider business network have been absolutely invaluable.

TalentTech Recruitment LTD,

For many individuals out there, it is very hard to figure out ways and know which direction to go when it comes to setting up a business. The challenges of taking your idea and bringing it to life and not knowing where to go and who to speak to for advice. it can get very frustrating..

King of Saffron LTD,

This grant [which we received with the help of the Growth Hub and Coventry City Council] will really help us get on track for business growth and succeed with our vision. Personally, I would also like to thank the team for supporting me through the grant application process. You have been very approachable and attentive throughout.

Exeter Analytical (UK) Limited,

Thank you for the comprehensive and professional guidance

Burbidge & Son Ltd,

Over the years since the Growth Hub was set up we have habitually gone to our Account Manager as a one-stop shop for all business-related information.  It has been a really convenient way of finding suppliers, advisors and, on one occasion, we even asked for assistance with finding customers.  We are invited to a wide range of business events including business development workshops, Brexit roundtable discussions, seminars on various topics and have also been asked to speak at some events.  When we have needed additional information, for example, finding finance sources or help with selecti

Marchantcain Design Limited,

Thanks to CW Growth hub getting us access to grant funding we have been able to invest in the latest computer monitoring system, which will enable us to compete with the national companies within our industry.

Comrie Leisure Limited,

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