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Create reliable products that delight your customers.

Electronic Product Development

Turn your ideas into profits with our creative problem-solving product development team.

Turn your idea into a profitable product

Electronic Product Development

From a creative team of problem-solving experts

If you’re developing an electronic product then you’ll know there are many elements to the perfect design.

By combining your expert knowledge together with our team’s excellence in electronics design, we can bring alternate perspectives, experience, ideas and knowledge to complete the picture.

+44 (0)115 772 2825

A new angle to bring great ideas to life

This means we can help you look at certain aspects and applications of the product from a new angle because we want your product to be the best it can be.

As a result we mix and match our range of technical services to ensure you have the right blend of skills and processes at your disposal to get to market quickly and with confidence.

Your product programme

Designed to suit you

As soon as you’ve had an idea for a product, you’re losing money every day it’s not on the market. Stack the odds of success in your favour by working with a professional product design company.

This means we have the expertise to support you through every step of the product journey, from the initial discovery meeting through to New Product Introduction for volume manufacturing.

Help me develop my product

3 things to read next

Design Reviews Ultimate FAQs – Your questions answered

Fabrikat Product Development Story – Read the case study here

Product Development at a Glance – Download your Ignys design leaflet

Product development FAQs
Use engineers who love your project the way you do

What do you need help with?

What to do next

The best way to find out if we’re a good fit for you is to meet us in person.

The quickest way to do that is to book a virtual meeting to talk about your electronic product development.

Send us an email to start the conversation

Book a virtual meeting

Other pages you might find useful for your electronic product development journey

Electronics Design – Our team have a huge amount of collective experience.

Cost Reduction – We can also offer value engineering focused on providing you with the best product whilst saving unit costs through superior designs.

Software and Firmware – Of course software is a hugely important part of the product development process. So we can help with coding and testing along with debugging to help your systems run smoothly.

0115 772 2825

Decisions Decisions…

Should you keep your design and manufacturing partner separate – You decide

How to use an electronics design consultancy to boost your development process

Electronics design consultancies have many ways to help you on your product development journey – Here are the benefits

Electronics Design Blogs 

Why Electronic Design Products Fail

3 ways to assess a new electronics product 

Clients we've helped

Case studies from Ignys Ltd

What sectors do Ignys work in?

We work in a vast variety of sectors as part of our varied electronic product development services.

Here is just a taste of the sectors we help.

  • IoT (Internet of Things)
  • Communication including radio/telecommunications
  • Remote monitoring
  • Healthcare and Hygiene 
  • Drone Technology 
  • Renewable Energy
  • Smart Technology 

If you don’t work in the sectors above talk to us anyway, if we can’t help chances are we know just who can!

Where does the money come from for product development

Money spilling out of a pot

So, you have a great idea for a product and now it’s time to bring it to market. There is a lot to keep in mind, but the main requirement is money. The question on the mind of pretty much every developer in this situation is, where does this money come from? Don’t worry, we’ve put a few options together for you below:

Personal Funding 

Your personal bank account is the first place that you’re going to need to look for funding. Maybe you’ve had a lucrative business in the past and are now looking to fund the development of your new idea. The Bank of Mum & Dad, and other relatives willing to fund part of your financial needs also fits in here. Perhaps you’ve won the lottery or have a very generous aunt. Either way, you are going to need to fork out some money to get the development process underway.

Bootstrapping  

Similar to dipping into your own funds, bootstrapping allows you to get your project started. However, it is done at a much slower pace which allows you to keep your finances in check while still progressing with your project. You may consider a part-time job that coincides with this to keep a flow of revenue into your product development.

If you can bootstrap your business until there is, at least, some revenue coming in, you will be in a far better position to raise external investment.

External Investment 

If you aren’t able to rely on personal funding to get your product to market, you may want to look into external investment. This can be in the form of borrowing from investors or taking out a loan. Alternatively, you can try your hand at crowdfunding or equity funding. These are all good options that provide you with the necessary funds but will come at a cost at some point down the line.

External investors will look at what progress you have made using your own personal funds before they will invest in your business. There are very few external investors who will invest in something when you haven’t invested yourself.

R&D Tax Credits 

R&D tax credits are a lifesaver for serial development companies. This allows your company to claim tax relief if you are spending money on research and development. So if you are continually researching and developing new products or making alterations to existing products, check your eligibility for R&D tax credits. The R&D from previous projects can help pay off a chunk of the next one.

Overall, navigating the world of product development is no easy task, especially when you are unsure of where your funding is coming from. The best way to approach the money side of product development is to be realistic with how much you will need and where you are going to source it. Hopefully, this article has brought clarity to the different avenues from which your project’s funding may come from.

If you have any further questions about product development and funding options, get in touch. We’re happy to pass along any new information we may have!

Lets Work Together

Speak with us