Solving Problems Through New Product Development and Product Design for Richardson

Great products solve real problems. That’s why every product journey should start with a deep understanding of the problem and its context. Whether the solution is straightforward or technically uncertain, we’re here to help navigate the path from concept to reality.

Some ideas have clear engineering paths. Others involve unknowns, trials, and experiments. Both are valid, but require different expectations around time, cost, and risk. Our team specializes in identifying the right approach early — whether that’s rapid prototyping, simulation, or scientific investigation — and adapting as we go.

Whether you’re seeking help with product design, industrial design, electronics, or embedded systems, our team can support you through all phases of development — from concept sketches and mood boards to working prototypes and full production.

Our Process

Every project is different, but most follow these core phases:

  1. Project Review: Define the product goals, target users, and key functions. We collaborate closely to understand your vision and refine any early concepts.
  2. Planning: Outline possible technical paths, draft a rough BOM, estimate unit costs, and propose a high-level plan. We keep planning lean so your idea can evolve.
  3. Design: Turn ideas into computer-aided designs (CAD) with a focus on cost-effective prototyping, product aesthetics, and functionality. We often support this with mood boards, industrial design refinement, and rapid iteration using modern 3D CAD tools.
  4. Prototyping: Build physical or digital prototypes for testing and feedback. We often recommend multiple iterations to ensure your product is ready for market or investors.
  5. Production: Transition from prototype to manufacture-ready design. We assist with DFM reports, supplier quotes, and production planning.
  6. Promotion: Optionally, we can help you prepare promotional materials such as logos, renders, brochures, and videos.

In some cases, we may suggest an early feasibility study or proof-of-concept (PoC) build before formal development starts. This helps reduce technical and financial risk.

Funding Your New Product Development and Product Design for Richardson

Development costs are typically one-off investments. They shift your breakeven point but don’t directly affect long-term profit. Focus instead on reducing unit (marginal) costs and ensuring your product has real demand.

If self-funding isn’t an option, here are some alternatives:

Government Grants

Equity Investment

Some founders self-fund an early prototype, then pitch to an industry-aligned investor for further support. This can lead to reimbursement of early costs, mentorship, and shared equity arrangements.

Other Sources

Why Choose COLETEK for New Product Development and Product Design for Richardson?

Our core team includes robotics engineers and PhD scientists with decades of combined experience. This lets us bridge disciplines and solve hard problems quickly — saving you time and cost versus siloed firms.

We work lean, embrace agility, and treat each project as a partnership. Whether you’re building a proof-of-concept (PoC), a commercial minimal viable product (MVP) or validating a high-risk idea, we tailor the process to suit your goals, budget, and stage.

We also offer a private client dashboard to keep your project organised, with timelines, file sharing, and chat in one place. It’s like your own project cockpit, purpose-built for hardware and product teams.

Tools, Capabilities & Examples

We bring together electronics, software, industrial design, and mechanical engineering under one roof. Our private dashboard ensures clear communication throughout your journey, while our capabilities and portfolio showcase our technical depth and product range.

Our Engagement Model

Next Steps

Ready to begin? Contact us with your concept or goals, and we’ll guide you through the review phase to identify the right development approach for your idea.

Explore Related Services

New Product Development and Product Design for Richardson often draws on several of our specialised service areas. Depending on your project's scope, you may also be interested in:

Succeed in Richardson, Australian Capital Territory with COLETEK's Expertise

As a business owner or technical decision-maker in Richardson, Australian Capital Territory, you're constantly seeking ways to drive innovation and growth. At COLETEK, we understand the unique challenges and opportunities that arise from serving businesses across Richardson, Australian Capital Territory. Since our establishment in 2001 as a multidisciplinary Australian engineering and product development company, we've built a reputation for reliability, collaboration, and capability that spans the nation. We're proud to operate throughout Australia, including in local communities like Richardson, Australian Capital Territory. Our team is committed to supporting businesses like yours, from concept to reality, across various sectors and industries. By harnessing our collective expertise and innovation, we empower organizations to succeed in today's fast-paced market. At COLETEK, we're more than just engineers – we're problem-solvers, innovators, and partners. We take the time to genuinely understand your business goals, challenges, and aspirations, tailoring our services to meet your unique needs. Whether you require assistance with product development, engineering design, or project management, we'll work alongside you to deliver results that exceed expectations. Our national reputation is built on a foundation of trust, transparency, and open communication. We operate within Richardson, Australian Capital Territory, while serving clients from various sectors, including technology, manufacturing, healthcare, and education. By partnering with us, you gain access to: * A multidisciplinary team of experts in engineering and product development * Proven experience in delivering complex projects on time, within budget, and to the highest standards * A commitment to collaboration, ensuring seamless integration with your existing processes and teams If you're looking for a trusted partner to help you achieve success in Richardson, Australian Capital Territory, look no further than COLETEK. Join forces with us, and let's build something remarkable together.

Let’s build something remarkable together.

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New Product Development and Product Design for Richardson – Our Clients: Big Brands & Small Businesses


New Product Development and Product Design for Richardson – Amazing Customer Testimonials

We had the opportunity to work with Coletek on the re-work of some complex SMD PCB assemblies during 2019. The work was carried out to a very high standard and we were extremely pleased with the outcome. We would not hesitate to recommend COLETEK for any type of complex technology work requiring high accuracy and professionalism.

Skykraft is a Canberra based company designing and developing spacecraft for the delivery of global space-based services. Luke and the team have been very responsive with quotes and delivery of machined parts for our company. Looking forward to working with COLETEK on our space programmes.

Delivered excellence on time, great work and great team, thanks!

We've worked with Luke and the team on and off for the past two years. We've found them very accessible and extremely thorough in their dealings. Their documentation is second to none and we’d have no hesitation recommending them on this basis alone.

COLETEK have been absolutely fantastic in their support and manufacture of various components for us. Our designs are always bespoke, intricate and low volume and it’s great to have an Australian company like COLETEK as a trusted and quality manufacturer for our spacecraft mechanical components and assemblies – which have been flight proven through successful mission operations. Keep up the great work!