On August 7th, 2024, MTEC proudly collaborated with FuzeHub, The Hudson Valley Venture Hub, and the Hudson Valley Advanced Manufacturing Center at SUNY New Paltz to host an enriching Product Development Fundamentals event. Many budding entrepreneurs often overlook the significant commitment of time, effort, funding, and coordination required to transform an idea into a marketable product. This journey encompasses forming a business entity, crafting a market strategy, sourcing technical resources, and exploring funding avenues.
The Product Development Fundamentals event provided attendees with a clear understanding of the complexities involved in bringing a product to market. Through insightful sessions, participants realized the significant commitment required and were introduced to valuable resources that can support their entrepreneurial journey. This experience equipped them with the knowledge and confidence needed to navigate the challenges of product development.
MTEC’s Director of Engineering, Bob Incerto, broke down the thrilling journey of product development—from the initial spark of an idea, through the intricate prototyping phase, all the way to the final manufactured masterpiece. Bob’s deep dive into the process highlighted the essential stages and milestones, making the complex journey more approachable for the attendees.
Industry experts provided step-by-step insights on product commercialization and taught the critical mistakes most startups make and how to avoid them. Key sessions explored vital topics such as marketing do’s and don’ts for startups, effective financial strategies, and technical resources available for New York manufacturers. Participants left the workshop with valuable contacts, guides, and checklists to help keep their progress on track. This event was instrumental in demystifying the hardware product development process for first-time entrepreneurs and startups, with some even bringing in their own hardware concepts or prototypes for further exploration.
Join our newsletter to stay informed about the latest events, insightful blogs, and other important updates from MTEC. Don’t miss out on staying connected with the pulse of entrepreneurship in the Hudson Valley – sign up today!