Innovolo Product Development and Design Logo - Leading Systematised Creativity
0333 0111 771
£0.00 Basket

Tag: Return on Investment

4 Easy Ways For Small Businesses To Slash Product Development Costs
Opinion

4 Easy Ways For Small Businesses To Slash Product Development Costs

Every year, thousands of new products are launched by companies all over the world. And yet, the ones that stick out in the average consumer’s mind belong to a minority of companies that maintain a sizable market share. We’re talking about the global giants in different industries: Apple, Toyota, Unilever, Amazon and more.

These giant companies may only launch a dozen or more new consumer products per year and yet they get all the attention! The other (vast majority) of new products are launched by small businesses. They have to fight for the scraps of what’s left for market share … Read More »

Read More »
Bradley Pallister 6 April 2021 4:35 pm No Comments

Nurture Your Business With Innovation Management: 5 Keys to Success

Introduction About Innovolo

Innovolo Ltd is a U.K.-based product development and design consultancy team. We eat, sleep and dream of innovation. As a team of creative problem-solvers, designers and engineers, we love to turn ideas into a reality and help promote innovation by collaborating with exciting businesses.

When a project needs an extra resource or when a business is facing a critical phase of growth, we can help solve the complex problems and simplify the innovation process so that they can create excellent and exciting new products.

One of the biggest barriers to innovation that we witness is a lack … Read More »

Read More »
Bradley Pallister 6 April 2021 4:32 pm No Comments
How Much Should I Spend On R&D and Product Development?
Opinion

How Much Should I Spend On R&D and Product Development?

Many business owners look for that “Holy Grail” statistic that gives them all the answers. It’s true in all sorts of situations, like “how many staff should I hire?”, or “what price should I charge?”. Trying to predict these answers as a universal truth is a difficult (if not impossible) challenge. For the most part, it all depends.

The answers to the all-important questions can depend on the type of business, the size of the business, the industry in which the business operates, and the business’ stage of growth or maturity.

In this post, we answer some common questions when … Read More »

Read More »
Bradley Pallister 27 January 2021 12:13 pm No Comments
Understanding Your Product Development’s Return on Investment
Uncategorized

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 »

Read More »
Bradley Pallister 24 April 2020 8:44 am 20 Comments
Share on facebook
Share on twitter
Share on linkedin

Most Popular:

What an easy experience! The product developed so fast and so trouble-free – I could snap my fingers, and it was done. Made me feel like a magician – until I saw the bill at the end of the month. That’s when I realised how much work had gone on behind the scenes. For the future, I will be watching the costs a bit closer – it’s just too easy to rack up big bills. To be fair, this was very transparent, and I had visibility of those costs all the way through – I just didn’t look at it, that’s all.

Having said that, the product is pretty well finished – so we can get it launched earlier than I thought possible. So maybe those costs were a good investment, because we all know how valuable it is to be the first to market.

Head of Innovation and Compliance

Construction Sector Innovation Lab

Innovolo is the most valuable business resource we have invested in to date. I strongly recommend any business owners interested in running a successful innovation initiative - whether you already have an R&D team or not - to seriously consider Innovolo's retained service model.

Director of Innovation and Development

High-Rise Façade Manufacturer

It is an excellent collaboration between our company, and the Innovolo team, and is working extremely well. I am very pleased with your chemists who clearly know what they are doing.

Product Development Director

Global Medical Products Manufacturer

We had a very tight deadline to bring a brand new product to market, and we couldn't have done it without Innovolo's expertise. Thanks again for delivering a high quality and essential project so quickly.

Product Development Manager

Industrial Services Equipment Provider

Innovolo's initial understand of our challenges and the need for a rapid ROI confirmed that we had chosen the right partners for this strategic redirection in the company's growth. We were pleased to see the high level of professionalism and collaboration evident from all parts of the team once we gave the green light, and this has given us the confidence to continue the NPD focus into 2021 and beyond.

General Manager

Global Lubricants Distributor

We used Innovolo for industry analysis with excellent results. Their attention to detail is great, and we appreciated their ability to quickly grasp not only the outcome we were looking for, but an understanding of the markets in which we operate. Highly recommended.

Managing Director

Global Temporary Shelter Manufacturer

Innovolo's Innovation-as-a-Service is outstanding, highly recommended, especially if you are already doing R&D in-house. Products will come to life about 5x faster!

Business Owner

B2B Business Development Strategy Consultancy

I would like to thank you and the team at Innovolo who have been working on developing a new product for us over the last 9 months. I have been impressed by your professional approach, the good reporting and documentation, and the resourcefulness of the team in overcoming technical challenges as they have arisen.

Managing Director

Innovation Lab

What an easy experience! The product developed so fast and so trouble-free – I could snap my fingers, and it was done. Made me feel like a magician – until I saw the bill at the end of the month. That’s when I realised how much work had gone on behind the scenes. For the future, I will be watching the costs a bit closer – it’s just too easy to rack up big bills. To be fair, this was very transparent, and I had visibility of those costs all the way through – I just didn’t look at it, that’s all.

Having said that, the product is pretty well finished – so we can get it launched earlier than I thought possible. So maybe those costs were a good investment, because we all know how valuable it is to be the first to market.

Head of Innovation and Compliance

Construction Sector Innovation Lab

Innovolo is the most valuable business resource we have invested in to date. I strongly recommend any business owners interested in running a successful innovation initiative - whether you already have an R&D team or not - to seriously consider Innovolo's retained service model.

Director of Innovation and Development

High-Rise Façade Manufacturer

It is an excellent collaboration between our company, and the Innovolo team, and is working extremely well. I am very pleased with your chemists who clearly know what they are doing.

Product Development Director

Global Medical Products Manufacturer

We had a very tight deadline to bring a brand new product to market, and we couldn't have done it without Innovolo's expertise. Thanks again for delivering a high quality and essential project so quickly.

Product Development Manager

Industrial Services Equipment Provider

Innovolo's initial understand of our challenges and the need for a rapid ROI confirmed that we had chosen the right partners for this strategic redirection in the company's growth. We were pleased to see the high level of professionalism and collaboration evident from all parts of the team once we gave the green light, and this has given us the confidence to continue the NPD focus into 2021 and beyond.

General Manager

Global Lubricants Distributor

We used Innovolo for industry analysis with excellent results. Their attention to detail is great, and we appreciated their ability to quickly grasp not only the outcome we were looking for, but an understanding of the markets in which we operate. Highly recommended.

Managing Director

Global Temporary Shelter Manufacturer

Innovolo's Innovation-as-a-Service is outstanding, highly recommended, especially if you are already doing R&D in-house. Products will come to life about 5x faster!

Business Owner

B2B Business Development Strategy Consultancy

Leading Systematised Creativity

Get in Touch

Services

Get Started

About

Downloads

View Cart Checkout Continue Shopping