Cost Price & Development Plan Estimation
Cost price, Development costs & Roadmap
Do you have a great idea for a wearable innovation? Two of the first questions you might have are:
- “What does it take to turn this wearable concept into a real successful product?”
- “And can I make money from it (Is it worth it)?”
Our Cost Price & Development Plan service gives you a clear, actionable overview of what it will cost and what steps and time is needed to develop and produce your wearable, from prototype to scale-up. Whether you’re building a medical device, a consumer wearable, or something in between, we help you plan smart and avoid surprises.
You’ll gain insight into:
Bill of Materials & Cost Price
Development plan & Timeliness
Development & additional costs
What to expect
Before diving in to a development project, you need too make sure you’ve got a sound business case, and your expectations straight. Even in an early stage, we can estimate the hardware components needed to make your product work, leading to a preliminary Bill Of Materials (BOM). Based on this component overview, we can calculate a cost price.
Next to that, we know what other components and their costs will be needed, such as Firmware, App development, Medical documentation, Tooling costs, Certifications, etc.
This all comes together in our Development plan, in which we clearly indicate phases, steps, costs, and timelines.
Costs & Benefits
You’ll walk away with:
- A tailored cost breakdown
- A realistic development timeline
- Strategic advice on suppliers, materials, and technologies
- A roadmap that helps you move forward with clarity and confidence
€2.500
For 16 hours time and effort of one or more of our wearable experts!
This service is often part of our Wearables Brainstorm & Workshop, where we work hands-on with you to explore your concept, create a functional mock-up, and deliver a detailed development plan—including estimated costs and timelines.
Contact us
If you would like to learn more about our Starter services for wearable development, book a meeting with Selma with the scheduling tool.
She can help you choose the best Starter service for your development needs, and will match you with the right expert of our Elitac Wearables Team.
Hope to talk to you soon!
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