Developing The Pre-production strategy
During this stage you will develop and test a prototype product. The testing will involve customer trials and feedback, completing the Research and Development, resolving the outstanding IP issues, pre-production runs and the development of a full scale production and Quality Control plan.
Also during this stage you will develop a full scale financial plan. This plan will identify both the amount of capital required and the timeline when it will be needed. A detailed list is prepared of all sources and types of capital available and strategies are developed that will be used to secure access to this capital as it is needed.
The final Go / No Go decision is made at the conclusion of this stage