A new product development provider has introduced its innovation retainer services for companies in the UK that need external expertise for their product or tech development projects.
Innovolo, a UK-based company specialising in new product development, has introduced an innovation-as-a-service model for businesses that want to bring a product or technology concept into the market.
More information is available at https://innovolo.co.uk
With this retainer-based service, businesses will be able to augment their in-house product development teams with an external team composed of members who are experts in various competencies.
According to the company, this type of arrangement is ideal for businesses who want to closely monitor their new product development expenditures as it allows them to pay only for the relevant expertise they require.
Innovolo offers four retainer packages, starting with the Professional Innovation-As-A-Service Package at £129.00 per hour for a set number of hours. This package comes with a dedicated project manager, innovation strategy sessions, design services, engineering services, testing, intellectual property assistance, and technical writing.
The more premium Innovation-as-a-Service Lab Package adds more options to the above services, including more engineering and strategy offerings and a suite of digital transformation technology like artificial intelligence and machine learning.
Bulk hours are also available for companies requiring more time for a large project or multiple projects. With this option, clients can purchase hours in bulk at a reduced price.
The company stated that its services can be employed by leaders other than the business owner. For example, sales directors struggling with supply chain problems due to obsolescence can take advantage of Innovolo’s capability to identify and test alternative components or build new ones.
Moreover, Innovolo aims to help organisations foster a more innovative environment through a series of coaching programmes and workshops based on its Innovation Culture Maturity Model. Its Innovation Culture Maturity Assessment, for instance, enables clients to determine their organisation’s level of innovation and the areas that need improvement.
Innovolo’s new product development capabilities encompass a number of engineering and design disciplines, including industrial design, mechanical design, chemical engineering, and electrical design. It is also capable of developing and deploying advanced applications and commercial-level technology solutions.
The company has completed projects for a number of clients in different industries like medical, industrial, domestic, and construction, among others.
Full details about the company’s innovation services and their advantages can be found at the URL above.