What is the Investment for Industrial Product R&D Solutions?

Industrial product R&D solutions investments vary based on project scope, technical complexity, and deliverables required.

Product Improvement / Optimization (£75,000 - £200,000):

• Existing product enhancements
• Cost reduction engineering
• Performance optimization
• Limited prototyping and testing
• Manufacturing process improvements

New Product Development - Moderate (£200,000 - £400,000):

• New product with existing technology base
• Complete engineering development
• Multiple prototype iterations
• Comprehensive testing and validation
• Manufacturing documentation

New Product Development - Complex (£400,000 - £750,000):

• Significant technology development
• Multiple subsystem engineering
• Extensive prototyping programs
• Rigorous validation testing
• Regulatory certification support

Advanced Technology / Platform Development (£750,000 - £1,500,000+):

• Novel technology research and development
• Platform architecture development
• Multiple product variants
• Extensive testing and certification
• Manufacturing process development

Investment Breakdown (Typical Complex Project):

• Research & Concept: 10-15%
• Engineering Development: 35-45%
• Prototyping: 15-20%
• Testing & Validation: 15-20%
• Commercialization Support: 10-15%

Additional Investment Considerations:

• Production tooling (separate from R&D)
• Regulatory testing and certification fees
• Patent and IP protection costs
• Specialized equipment or facilities
• Third-party testing and certification