Innovative Research Project and Presentation
Project Introduction
This innovative research project requires much more than just proposing and designing about a product. It requires the consideration of a broad range of engineering, innovative design and strategic business issues, as identifying customers, transforming the voice of customer into engineering characteristics, target market, costing, etc. In order for a consistent context and approach to the management and costing of the project reports, it is important that we consider project development within a particular framework and particular scenario.
Project Scenario
You are a member of a small research team of engineers who have successfully applied for a $50,000 Innovative Research Grant (IRG) from the UTS BlueSky research scheme to propose an innovative new product. The grant does NOT need to be returned or repaid.
You are required to develop a new product for a “Domestic Pet Care”.
In your grant application it is mentioned that your innovative product will be manufactured and wholesaled by a company Solaris. The product must have a maximum sale price (retail) of $100 and in addition you are required to sell 2,500 products to an Australian general public over 2 years.
see attached document for further details.
please note that you can choose your own pet care product and perform the report on this basis.
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