Finance

How to finance new product or service development, assess various funding options and analyse the costs involved in bringing your product to market.
Innovolo may be able to assist you with your NPD funding requirements – get in touch now!

Understanding Your Product Development’s Return on Investment

Understanding Your Product Development’s Return on Investment
Product development can be a lucrative investment. However, just because it can be rewarding doesn’t mean it’s not risky. Your return can depend on lots of factors that are beyond your control.

To get a better picture of product development, let’s look at the theory behind why inventions can be lucrative for your chequing account. Then, we’ll look at why governments and the private sector enjoy huge returns by funding inventions.

Last but not least, we’ll look at some examples of truly excellent returns enjoyed by entrepreneurs and inventors.

How to evaluate (and predict) your returns

You can evaluate whether … Read More »

How Your Can Monetise Your Product Ideas Today To Gain A New Level Of Financial Freedom

Monetise Your Product Ideas To Gain Financial Freedom
Many people don’t know that being an inventor can be a lucrative and rewarding career. It can even be a side hustle for those who don’t want to completely back away from their day jobs.

Many people shy away from monetizing their ideas because they get stressed thinking about the risk and the effort involved in developing their ideas. In reality, you don’t have to make it onto Time’s list of the year’s best inventions or create something that will change history forever.

A good product design can be as simple as something that you’re able to sell to other … Read More »

How You Can Begin To Secure Financial Stability For Your Product Idea Today

Innovolo - How To Secure Financial Stability For Your Product Idea

You may have a great idea for a new product but one of the biggest issues you face is securing the financial investment to make your idea a reality.

Taking on product development is a huge undertaking. Between the industrial design, the market studies and the manufacturing process, you may not have the money in-house to see your project through to the end.

Luckily, you can find help for your financial needs. Whether through private investors, self-financing or with the help of government grants and subsidies, there’s a way for you to accomplish your goal.

In this post we want … Read More »

How The UK R&D Tax Relief Scheme Works For Startup Companies Like Yours

Startup companies especially those in the technology and sciences niche often have brilliant business proposals in mind.

However, most of them lack enough financial support. Fortunately, there are plenty of ways you can finance a startup business. One of which is through a research and development tax credit.

A long time ago, only large and well-established companies who contribute significant knowledge to their industry can file and claim research and development tax credit. Nowadays. even small and medium-sized companies can claim this type of tax credit.

It’s provided to companies who develop or improve products, software and/or processes in a … Read More »

You Have 5 Main Options For Funding Your New Product Development

When arriving at a brand new idea for a product, everything can get quite exciting. From envisioning market success to projecting profits, it can be hard to picture anything but triumph. Yet, one of the most important things to consider when thinking about product development is funding it. Developing new products does have real risk, so it’s essential that you have some capital behind you. Being an area that many new inventors struggle with, below we have given a breakdown of the many different finance options available. Once you’ve got started there’s some other juicy news for you too, because… Read More »

Gwen Has Just Nailed The Development Costs For Her New Product Development Idea!

Finance your NPD Development Costs with Innovolo
Gwen Naylor was a small business owner based in London who experienced a major loss in revenue due to the recent Extinction Rebellion protests.

She quickly realised that she would need to increase her product offering to avoid the risk of it happening again.

Three weeks later while out on her morning jog, she had a eureka moment.  A fantastic new product development opportunity popped into her head.  This would help steer her business in a new direction with her existing customer demographic and beyond.

Gwen heard about the Innovolation Framework from one of her friends up country, and thought … Read More »