Wisconsin Innovation Service Center
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New product development studies continue to show a strong relationship between early-stage market assessments and profitable new products. WISC's assessment covers: TECHNICAL FEASIBILITY - Short overview of product idea by technical consultant (if functionality is a major issue) to estimate whether product will perform as intended. COMPETITION REVIEW - Assessment of current competition to review potential uniqueness of proposed product. Competition is uncovered through a company search of on-line and print directories, databases, buyers guides, catalogs, and other resources indexed by product type and/or NAICS Codes, as well as through a preliminary patent search. We follow up by phone to a few selected companies with the most closely related products and patents for literature and product status. USER NEED ESTIMATES - Brief interactions with industry contacts and/or analysis of published market studies to assist in estimating market size. TRENDS - Analysis and summary of relevant trends (e.g., industry, regulatory and/or demographic) accessed via trade association reports, published market studies and other sources as needed. RESEARCH SUMMARY - A report to client summarizing all major elements with suggestions for next steps. Starting a New Product Assessment Project To download the Wisconsin Innovation Service Center Confidential Disclosure Form, please click the link below. |
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Staff Phone: 262-472-1365 Email: innovate@uww.edu 402 McCutchan Hall, University of Wisconsin-Whitewater, Whitewater, WI 53190
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