Product Criteria

There are a few requirements and some suggestions for entering a product:

  • Feasibility: can be manufactured using available technology
  • Cost: cannot exceed an MSRP of $500 or be below $50
  • Inventor Market Fit: can the founder reliably guide the development of the product?
  • Product Size: must be small enough to be shown on video
  • Completeness: can be close to original prototype, not a finished product
  • Market Validation: must have some sort of Total Achievable Market
  • Barrier to Entry: development cannot be prohibitively expensive
  • Originality: cannot replicate another product
  • Markets: avoid oversaturated markets
  • Appropriateness: product cannot be used for illegal activities and cannot be drug/firearms
  • Video: submission of video strongly suggested

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