Proof of Concept Development
When you are developing a new product, gaining proof of concept in the early stages is critical to success. The proof of concept development stage is about bringing the product to life, giving you quick results on a small budget so that you can spring forward to product development itself.
What does proof of concept mean?
Put simply, it’s putting together enough of a product or service to demonstrate intent, or to show the impact it may have. Will it have the effect we’re hoping for?
It’s unashamedly ‘smoke and mirrors’. We’re seeking the most cost-effective way of creating a meaningful demonstration of the intended product or service. This will give us the insights we need to be sure that we’re onto something – before we’ve spent too much time and effort.
Investors get interested and sales teams begin to understand the proposition for themselves. And if they can understand it, they can sell it further down the line.
Our proof of concept development service will help you
- Test customer and target audience reaction.
- Refine a proposition.
- Gain confidence that your product will work before committing to further time and investment in a full product development project.
- Reduce risk and make informed trade-off decisions.
- Convince budget gatekeepers and investors of product viability and increase the likelihood of commercial success.
Practical approaches to proof of concept
Examples might include:
- Repackaging commercial off-the-shelf components and services; quickly, simply and sufficiently to test or prove a technical or commercial point
- Using rapid prototyping techniques to get physical models into a typical user’s hand
- Integrating real sensors and actuators in a physical prototype, but managing those devices from a standard computer rather than a cost-, power- or size-optimised customised controller
- Creating an IoT proof of concept development service, populated with dummy data, and a prototype mobile app to demonstrate the end-user experience of a proposed IoT service.
Your next steps
Fen Technology is a proof of concept company in Cambridge, offering proof of concept services as part of the whole product development life cycle. We have a lot of experience in getting quick results from a small budget and tight timeframe! Talk to us now about how our proof of concept can support the commercial success of your product development project.