Product Innovation

Turning an idea into a scalable, commercial product is a challenge that faces many entrepreneurs, innovators and SMEs. Developing a new product, new functionality or new customer experience can be difficult and success may not always happen. 97% of hardware startups fail (compared with 70% of tech start-ups).

The UK has world class University research and an outstanding track record when it comes to funding early stage research and innovation. We recognise that by turning more great ideas into products could have significant advantages for our economy and society.

In addition to the usual challenges associated with innovation, start-ups with products that require manufacturing face some additional hurdles such as:

  • A diverse range of skills and experience
  • A dependence on relationships across the supply chain, with designers, contractors and third parties
  • The up-front scale of investment required is significant. Risks must be well managed and the business case compelling.

Having awareness of the key challenges and a strong network  are fundamental to success. We can help you find the right people to complement your skills and experience, forge the right connections and act as a critical friend to challenge your thinking through the design to manufacture journey.

To start your journey, read our Navigating The Design to Manufacture Guide.

Related Opportunities

Global Incubator Programme: Canada - Advanced Manufacturing

Opens: 10/04/2024 Closes: 28/06/2024

Innovate UK seeks up to 8 innovative companies in the Advanced Manufacturing sector to join their programme in Canada.

More Information

Women in Innovation Awards 2024/25

Opens: 13/05/2024 Closes: 10/07/2024

Women within UK registered SMEs can apply for a share of up to £4m; each winner gets a £75k grant and bespoke business support.

More Information

Design Exchange Partnerships: design the green transition round three

Opens: 02/05/2024 Closes: 12/09/2024

Apply for funding to develop design-led solutions around the theme the idea of designing for impact beyond humans.

More Information

Related Events and Recordings

Wed
24
Apr
2024

Webinar series: Transforming supply chains with AI

10.00 - 11.00 GMT | Online

Watch now
Fri
5
Jun
2020

Accelerating Hardware Innovation with HAX mentor Alan Clayton

11.30 - 12.30 | Online

Watch Now
See all events

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