Subscribe to Our Blog

Your email:

Follow Us

Global Supply Chain Sourcing Manager Blog

Current Articles | RSS Feed RSS Feed

DirecSource Helps Brands Move From Product Concept to Completion

  
  
  

No matter how great your invention or product development is –there are critical decisions you’ll make that will directly relate to the success or failure of your great idea.

Choosing the right manufacturing partner is the first of a series of critical decisions you’re going to make to bridge the gap between product concept to product completion.

With that in mind, we enjoyed Karen Klein’s story “Find A Manufacturer for Your Invention” in Bloomberg Businessweek.Choosing the right factory

Determine how your product will help its target market and whether distributors will carry it. Then explore online for potential investors.

DirecSource works with a range of companies spanning from medical device companies to brands that make product for mothers and infants as well as brands in the outdoor, fitness and lifestyle markets. In each case, critical decisions are made relating to the type of factory we place those brands in. Providing complete project oversight we take the responsibility to ensuring that the plant’s we choose have the manufacturing capabilities to ensure that the vision of the product developer or the inventor is delivered with the final product.

Here is Klein’s story:

Last year, my invention for people with troubled feet was patented as an alternative to foot surgery. I would like to have a manufacturer reproduce about 100 pairs of my prototype so I can test the market and see how well it does. Where can I find a U.S. manufacturer to do this? —P.J., New York, N.Y.

Many inventors have great ideas, but like you, they need help taking steps toward commercialization, production, and distribution. Particularly with a medical or health product, there’s quite a hurdle to get from invention to market, especially when you may have to compete with the huge research and development budgets of such household name brands as Medtronic (MDT) or Nike (NKE) to do so.

Your first challenge is to successfully answer three questions, says Bill Donohue, vice president of Genedge Alliance, a Virginia-based affiliate of the Manufacturing Extension Partnership, which operates as part of the U.S. Commerce Dept.

You have to let your potential customers know: what exact problem your invention solves; what about it will entice distributors to carry it and customers to buy it; and finally, why they should believe you and the promise you’re making.

“Answering those questions is not easy at times” for entrepreneurs, Donohue says. For instance, in order to prove your product is a viable alternative to surgery, you’ll need to have an independent organization—preferably academic-oriented—run third-party clinical trials. The trials would compare results from your device with the surgical procedures it is designed to replace.

Those trials can take years to conduct properly and will likely be expensive. “There may be a need to evaluate alternative materials of construction and design characteristics to come up with the right combination of comfort, durability, and affordability. This may require specialized knowledge in orthopedic mechanics, as well as engineering design,” Donohue says. It’s likely that you may find yourself partnering with established companies in this industry or seeking funds from outside investors such as venture capital firms, he says, to get your product launched.

Since you’ve got a patent, start by visiting MEP’s marketplace hub, where you can evaluate thousands of prospective manufacturing partners. You can get questions answered and find low-cost coaching help to develop a commercialization plan for your product through the Industrial Technology Assistance Center of New York City, or the New York state MEP affiliate in Albany.

You might also consider attending the upcoming MEP conference in May, in Orlando, Fla. While such gatherings can be expensive, entrepreneurs often find that in-person exposure to ideas, processes, experts, and potential collaborators can speed them along through the learning curve tremendously. Good luck!

With over 25 years experience contract manufacturing in China and well over 500 factories in our supplier and manufactuer network, we’ve specialized in providing complete solutions to companies of all sizes who are looking to craft the best products in a range of industries spanning from toys to medical devices as well as fitness, outdoor and lifestyle products.