Startup Funding Espresso Purpose of Prototypes in Commercialization
Purpose of Prototypes in Commercialization Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. In commercializing your technology one of the most important elements is building a prototype. Prototypes provide several benefits and should be a high priority to complete as soon as possible.\xa0 Many inventors use their resources to write another white paper or run another experiment. The most important purpose of a prototype is to help raise funding. Investors will find a prototype compelling as it shows you can take the invention and make a useful product out of it. More white papers and experiments have little impact on the investor. Additional benefits include testing and refining the design of your proposed product. With a prototype, you can test different configurations, materials, and designs. A prototype helps you sell the product. A working version demonstrates to the potential customer that you can build it. A prototype helps you define the patents to file as the unique aspects of the project are easier to identify. It also helps the product development team define the final product better. Consider these use cases for your prototype. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .