Demonstrate Technical Feasibility

Why is this Important?: You have to demonstrate that your product is likely to work as intended

Key Actions	Things to Consider	Tool Kit
Build a prototype	Get an estimate of what the product will cost to manufacture in volume (COGS) Does not have to look anything like the final product, it just has to simulate its function Make drawings of what you think the final product will look like	Product Design Firms
Run a convincing experiment that demonstrates technical feasibility of the product	How well does it perform against the current standard of care (If it exists?) A fast and simple experiment that demonstrates that the product is likely to work Have a goal of generating a single slide that demonstrates the solution in a simple and easy to understand manner for non-technical investors Do not spend money on making it attractive if it’s obvious that the product is a prototype

Key Actions

Things to Consider

Tool Kit

Build a prototype

Get an estimate of what the product will cost to manufacture in volume (COGS)

Does not have to look anything like the final product, it just has to simulate its function

Run a convincing experiment that demonstrates technical feasibility of the product

How well does it perform against the current standard of care (If it exists?)

A fast and simple experiment that demonstrates that the product is likely to work

Have a goal of generating a single slide that demonstrates the solution in a simple and easy to understand manner for non-technical investors

Do not spend money on making it attractive if it’s obvious that the product is a prototype

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