Keeping in contact is key to understanding the success of our collaboration to develop your new product. Understanding the sales forecast of your product enables us to see when our proposal costs could be returned.
Understanding your sales strategy enables us to continue this programme
Our success is dependant on your success. The IBbD team would like to keep running this programme for years to come - however for us to do this we need to understand our current and potential partners sales strategy. This enables us to forecast when our support could be returned to the programme to support other organisations.
Working hard to make your product a reality
Collaboration is everything and this is where we start to work together
Identify your specific project requirements.
Introduction and welcome to IBbD
Hello! It's great to meet you and welcome to IBbD.
A quick check to ensure that you fit all of our initial requirements.
It's all about compliance and ensuring you understand our policies.
Agreement to terms and conditions
T's and C's outline the legalities of our programme - we would recommend giving these a read.
Enrolling you onto the IBbD programme gives us the opportunity to work together to specify your specific project requirements.
Complete our online application form providing details on your organisation, idea, business case and reason for support from Impacting Business by Design.
We review your product idea, how our expertise can enhance the new product development, the current competition within the market, the existing IP and the commercial viability
IBbD will draft out a project proposal for your new product idea. This will include all stages of the necessary design process from concept to working prototype.
Agreement to Proceed (ATP)
Once all parties are completely happy with the proposal and the arrangements of the repayable advance – sign and commence the project
After the completion of every stage, you will be asked to sign-off the work and evaluate your contributions.
Working with you to explore various concepts around your initial idea.
Investigating the interaction, usability, materials, technology and visual language of the product concept and developing a commercial proposition
Further Development and Prototyping
This is where your product becomes a physical product nearly ready for manufacture.
The IBbD design team will investigate a range of potential manufacturing routes and outline the required design modifications to ensure compatibility
04 Product Launch
Seeing the product we have developed together in the market is wonderful. Seeing your organisation go from strength to strength due to embedded design? Priceless.
Woohoo! You did it!
This is a great achievement.
The hard work was worth it.
Our support doesn't end here
Still got questions - don't hesitate to give the team a call and we will be able to assist.
Let's monitor those sales
This is where we can manage the monetary impact our support has provided to your company.
05 Account Management
You have done so much to get this product to market - let it work for you and generate revenue. The IBbD team will support you by;
Quarterly aftercare meetings to support progress and review sales/accounts
Product has generated 4 times proposal costs in revenue
Invoice is generated from IBbD to honour repayable advance
Product has not generated 4 times proposal costs in revenue
A forecasting and scenario modelling to understand potential outcomes/timescales/success or IBbD grant written off, SME does not pay anything back
The team will still provide ongoing support to your organisation with knowledge transfer and the wider Design industry
It can always seem a little bit daunting when a project comes to an end. However as you are now an IBbD partner you will never be alone. If you have a question big or small or need some advice please do not hesitate to get in touch with the team.
Keep in touch
We always love to hear about your company and how it is growing.
Give us a call - we are sure to know someone you can help.
Have a new product to develop?
We can signpost you to a range of design houses and consultancies who can assist.
Tell your friends
Do you know a company who was in your position? Can IBbD help?
The support from our team could change your project
IBbD’s team of self funded designers work closely with you to understand your new product development requirements, how we can embed design thinking into your organisation, help you to develop a working prototype and both network and signpost you to additional business support to help your business grow.
Where this fits into our process
Ensuring you are support and keeping in touch while your product generates revenue will enable the IBbD team to continue to work with other organisations in the future. But we also know how important it is to ensure you have the knowledge to engage in the wider design industry in the future for other New Product Development opportunities. Even when keeping in touch in regard to seeing how successful your product has been we will also aid in your engaging with the wider design industry in the future.