New product development (NPD), is the creation of products with characteristics that offer new innovative or additional benefits to the market. Product development may involve optimisation of an existing product, or formulation of an entirely new product that satisfies a newly defined market or identified niche.
As technology advances at an incredible rate and products and materials become more complex the PES team of qualified performance design engineers, are best placed to take a concept from initial idea to a cost-effective product aligned to the most advanced technologies.
The ‘development to delivery’ process of your product is crucial, and you must be assured that your product development team have the experience and the engineering credentials to deliver. However, engineering excellence is only one of the key elements to ensure every opportunity to achieve commercial success.
PES Ltd has developed strategic partnership with UK and international Universities, Intellectual property protection (IP) specialists and a leading legal team, if you require partnership or investor contractual agreements. We can also link you to investors and give you advice and support on how to ‘package’ your offer for investment.
Your product may not yet be investment ready and you will want to de-risk the initial stages of development through to commercialisation. As a successful SME, operating in the R&D and advanced technology environments, we are the ideal private sector partner for sourcing funding from strategic investment boards such as the Technology Strategy Board and Framework7 (FP7). These organisations emphasise the need for having project proposals lead by SME organisations. Some applications stipulate partnerships with Europe based SMEs and PES have these relationships already in place as our business is about key collaborations and technology partnerships.
If you would like to have more understand of our ‘Product Design’ process the please click on the link.
Whatever your project, our team has the skills and experience to help you at any stage, from initial concept to completed design. Please contact us for an informal chat through your requirements, whether a quick turnaround, simple tooling or modelling job, to complex product design engineering projects. We will be able to deliver a solution.