5-week Online Internship: Product Design & Price/Cost Estimation for a MVP (Minimum Viable Product)

Overview

A real ‘upcoming/ongoing’ new product/idea can be proposed for this Online Internship Scheme by the Trainee/Innovator (who has a product design background/experience esp. on the engineering design). If so, a confidentiality agreement can be signed (if sought by the Trainee/Innovator) prior to initiating this Online Internship scheme between IP2Impact Ltd and the Trainee/Innovator, for maintaining confidentiality during and beyond the Online Internship tenure period. The Outputs from this internship scheme will comprise design files on the product (e.g. animated 3D product view, sketch, technical drawing), an excel file on Price/Cost estimation (for limited manufacturing), and a summary report DOC/PDF on the product design-plan. With the insights and skills acquired through this internship tenure, the Trainee/Innovator can easily improve/adapt the product design files to suit the needs of various versions of the product proposition.

Anyone intending to create a visually presentable minimum viable product (MVP, esp. a physical device) with a clarity on ‘the list of required components for attempting a limited batch-manufacturing’ and ‘the mock price-cost analysis of creating and selling a viable market-ready product’ may avail this Online Internship scheme. This internship scheme is meant to empower the Client on identifying the limited features expected on a MVP and coming up with a market-ready product through design exercises of the internal components and the product’s external aesthetic view. This internship will be mainly useful to innovators/researchers, spinout/startup founders and Knowledge Exchange (KE) professionals who wish to conduct an exploratory exercise of presenting a visually appealing product with a clear customer value proposition to the intended target buyer/customer group.

Creating a proper batch-manufacturing or large-scale product manufacturing requirement info may not be achieved from this internship scheme, since the prior experience and skills of the Trainee/Innovator on product design and building engineering products will impact the internship outputs. The unique difference of this 5-week online internship scheme to the usual service of a professional design consultancy is the emphasis on ‘realising a workable MVP’ for testing the interest of investors and potential buyers/customers (at a least affordable cost), prior to looking for investments or hiring professional design firms to create a large-scale product manufacturing plan.

Availing service of a professional product design consultant or firm will incur a high cost to Innovators/startups, and it would be a struggle to find the money required for the product design task for a bulk manufacturing standard. Moreover, innovators are likely to fail in creating an aesthetically appealing product with a list of minimum required components, prior to engaging a professional product design consultant/firm or achieving a market-ready product manufacturing standard.

What You’ll Learn From This Course

• Preparing possible aesthetic design looks of the product by comparing to competing products – Outward Looking
• Working with product engineers of the Client to optimise internal engineering components and packaging – Inward Looking
• Drafting a pre-production ready technical specification of the product – Inward Looking
• Preparing marketing flyers and cost-price estimation of the product – Inward Looking

Certification

All attendees will be provided an acknowledgement certificate (PDF copy) of having completed the training course.

Duration

5 weeks [2hr max. per week (17:30-19:30), expected for catch-up meeting]