How much does the Prototype cost?
How much does it cost to manufacture a working prototype?
You will agree with us that defining how much it costs to manufacture a working prototype is key when starting the process. If so, this post is for you.
There are two premises that you should keep in mind when you are ready to listen to or analyze budget quotes for the design and manufacturing of your working prototype:
- The budget for your working prototype bears NO relationship whatever to the price of the materials needed to build it.
- The budget to design and manufacture your working prototype bears no relationship whatever to the price that your end product will have in the marketplace.
That being said, the sum of the costs of materials required to 3D-print the housings of your product, the price of the sensors required to achieve the basic functions of your working prototype, the cost of the motors and any batteries required, does not add up to even 1% of the budget necessary to design and manufacture the first version of your working prototype.
So, what is considered when quoting a budget for a working prototype?
Our formula has no secrets.
Technical complexity
Added complexity
FINAL BUDGET QUOTE
(NO SURPRISES)
At Let's Prototype, we study in a very detailed fashion the functional requirements of each and every invention. To establish the level of TECHNICAL COMPLEXITY, we focus on the following elements:
- Specialized areas that will have to coexist in developing the working prototype (Mechanics, Design, Electronics, Computer Science, etc.)
- Manufacturing methods applicable to the prototype development process.
- Level of validation regarding the functions required by the inventor.
- Possible research load in the working prototype development process.
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Once the level of technical complexity of the working prototype has been defined, the ADDED COMPLEXITY analysis is conducted; this level is established taking into account criteria such as:
- End use of working prototype.
- Level of added complexity based on optimization achieved by possible competitors of the inventor.
- Freedom of innovation in process.
- Provision of continuity in business development process in later stages.
Where is the most critical point when defining the budget for the design and manufacturing of a working prototype?
Prototyping and engineering companies, as a general rule, quote budgets that do not include 100% of the work cycles necessary to obtain an innovative prototype. Open innovation processes require a process of trial and error that is really difficult to calculate before entering the cycle. At PROTOTÉCNICA, we have developed our proprietary method, "ASPIRA," which allows us to know in advance the level of complexity and number of iteration cycles required. Therefore, you will receive, in any case, budget quotes for 100% achievement of the functional requirements that we may identify in the process of kick-starting the project.
We want to bring your ideas to life
CATALOG OF
PROTOTYPES
You can now access over 30 examples of prototypes designed and manufactured in our lab
We are aware of the effort you’re making to obtain your first prototype, financed in many cases with family funds. That’s why we do not allow any surprises.
We can't commit to quoting you the lowest budget in the market— it probably isn't—but the more than 100 inventors and corporations that have trusted our team with the development of their products have not only obtained a working prototype, but a real business opportunity.
If you would like us to analyze your idea and invention to obtain a totally firm budget quote, just leave us your data and we will contact you immediately.
If you would like us to define in less than 72 hours how much it costs to manufacture your prototype, you can schedule a call immediately HERE
Do you want to turn your idea into a product?
The time to bring your ideas to life is now. We accompany you throughout the entire process: from idea to product.
San Juan Ingenieros, S. L, is the owner of the domain www.letsprototype.com, and in accordance with the General Data Protection Regulation (EU 1679/2016), we will process your data exclusively to handle your information request. You have the right to rectify or request the deletion of your data at any time via hello@letsprototype.com.
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Business Director - Inventors' Advisor at Let´s Prototype
Erick Remedios has been linked to entrepreneurship and the launch of innovative projects and inventions for over a decade. His start in the entrepreneurship sector began as the Project Management Director at the network of Private Investors, Business In Fact, S.A., a club of private investors specialized in high-risk investments, which he ended up managing as General Director for at least 5 years.
As the director of the Private Investors network specialized in innovative projects in the startup phase, Erick Remedios participated in more than 40 investment operations, with his main functions being: advising entrepreneurs and inventors, as well as private investors interested in investing in such projects.
Erick Remedios has been one of the influential figures in the development of the ecosystem of entrepreneurs and private investors in Spain. Since 2012, he has participated in numerous private investment forums, has advised entrepreneurial projects as a member of their Boards of Directors, and has served as a lecturer in numerous Public and private Universities, specialized public centers in entrepreneurship, and internationally leading business schools, such as It Aérea Business School, where he leads the management of the Business Model Design Module for entrepreneurs, mostly Aerospace Engineering graduates.
Specialized Centers in Entrepreneurship and the Launch of Innovative Projects where Erick Remedios has participated:
- Direction of the Program - Sanse Emprende from the City Council of San Sebastián de los Reyes, Madrid.
- Direction of the Espoban Program – Diputación de Córdoba and European Center for Business Innovation. Training of entrepreneurs and inventors and preparing them to attract capital through private investors.
- Speaker on the subject of launching innovative projects at Universities such as: Pablo Olavide, University of Seville, University of Málaga, University of Cádiz, University of Huelva, University of Almería, University of Jaen, University of Granada.
- Direction of the Entrepreneurship Module – IT Aérea Business School.
- ENyD Business School: Professor and lecturer in the area of Entrepreneurship and Private Investment.
- Avanza Castellón - Mentor of entrepreneurs and inventors in the program of the Diputación de Castellón.
- Ávila Emprende – Program of the City Council of Ávila. Mentor of entrepreneurs in sales processes and product development.
- Aula UGR- Professor of entrepreneurship and management of launching innovative projects in programs aimed at training teachers from the University of Granada.
- Master Up - Professor of entrepreneurship and investment management in the Official Master's for entrepreneurs from the University of Cadiz.
At the same time, numerous companies have signed Erick Remedios as an advisor and member of their Board of Directors, companies in which Mr. Remedios has also acted as the representative of the private investors who have placed their trust and economic resources, including:
- Tu Fabrica de Eventos
- Baby Radio
- Graffos
- Neurobia Research
- HitsBook
- Bit Credit
- Glelemo
Currently, Mr. Remedios is leading the international expansion of Let´s Prototype in the United States, while also advising inventors on startup processes for projects related to innovative Hardware or Software elements, both in terms of product design, a specialty of Let´s Prototype, and in terms of designing strategies for selling inventions and patents.
Interviews with Mr. Remedios and publications authored by him in Media:
- School of Business and Management: [Link](https://www.youtube.com/watch?v=ch3nRTFvxhw)
- Diputación de Córdoba. Training for Investors: [Link](https://www.youtube.com/watch?v=Cj2fvxkD-zI)
- Spanish Television - Program Emprende: [Link](https://www.youtube.com/watch?v=vZRi98CE20M)
- TV2 - Spanish Television: [Link](https://www.youtube.com/watch?v=ms22bxyllKc)
- University of Cadiz: Article for Inventors: [Link](https://emprendedores.uca.es/lean-prototyping-el-puente-entre-el-concepto-el-prototipo-y-las-patentes/)
- University of Granada: Article for Inventors: [Link](https://ugremprendedora.ugr.es/6-tips-para-convertir-tu-idea-o-concepto-en-prototipo-lean-prototyping/)
Latest posts by Erick Remedios (see all)
- Most Important Spanish Patents in History | Inventions and Their Inventors. - June 19, 2024
- Create New Products from Amazon Reviews - June 12, 2024
- Techniques for Inventing Future Products That Don’t Exist - June 11, 2024
