NEW PRODUCT DEVELOPMENT QUESTIONS (FAQ)

Welcome to a new age of product design and development. Porticos was founded with a clear mission in mind:

ADVANCE TECHNOLOGY AND INNOVATION TO IMPROVE LIVES.

Got Questions?

Below we listed the new product development questions we often hear from our potential customers interested in developing their product ideas and inventions. If you can’t find your question please call us or send us a message.

A “Prototype” will require a conversation.  It might be a high-fidelity, beautiful and functional device.  Or it might be a crude proof-of-concept.  A Porticos manager will work with you to define requirements, then provide a customized proposal that meets those needs.

Porticos takes intellectual property very seriously. We even devoted an entire chapter to it in The Business of Ideas.  When you work with Porticos, any intellectual property we develop automatically and immediately belongs to you.  Regardless of who developed it, we keep it confidential.  We insist on having a signed Non-Disclosure Agreement that protects our clients’ interests.

It is preferred.  Most development projects are executed in phases, and those phases are invoiced monthly.  We can, and do, predict what your monthly expense will be.

Unfortunately, Porticos does not provide services in exchange for equity or future profits.  We require that our services be paid for when they are rendered.

No, in fact it is often preferable that IP be filed after we complete concept development, refinement, and prototyping work. This allows for better protection and longevity in your patent filing.  And it allows our engineers to provide good-quality drawings to your patent attorney.

Absolutely, yes.  A large percentage of our time is spent helping launch new ventures, creating new products, and refining strategy for smaller entities.  Many of our favorite clients are companies of less than five people.

Each project is unique.  It’s not uncommon to start with a Time & Materials arrangement to define and de-risk the program, then transition to a Fixed Cost contract for execution and launch.  As a rule of thumb:  If it’s specific and predictable then we recommend Fixed Cost.

The best way to control costs is to minimize “scope creep.”  Adding features or deliverables when the project is almost finished can be expensive.  Beyond that, some tasks can be handled more efficiently by our clients than by Porticos.  We’ll help you to identify those.

Porticos has a close, strategic relationship with a partner that provides sourcing, contract manufacturing, and logistics.  We are able to shepherd your project from concept through volume production by leveraging that relationship.

The only things you need are an idea and a free consultation appointment! Previous work (including doodles and napkin sketches) may help us get a better understanding of your vision, but they are not required.

Technical Risk:  Some products rely on core technology that is not fully proven in the application.  Allow Porticos to perform an Engineering Investigation in order to de-risk subsequent phases of work.

Market Risk:  Sometimes the market just doesn’t care as much as you expected them to.  Ask Porticos to provide a high-fidelity prototype early in the project.  That can be used to gauge market interest (e.g., focus groups) before committing to the expense of a product launch.

We insist on it. Please download our standard document*, or request one from your attorney and we’ll review it.

Work With Us.

Our core values are Innovation, Trust, Community, Teamwork, and Experience. We’re not just focused on our business but also sharing our talents as we work with others. This way, we are able to provide end-to-end engineering solutions that drive results. Connect with us below to learn more and get your product to market!