Solving Problems Through New Product Development and Product Design for Banora Point

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 Banora Point

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 Banora Point?

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 Banora Point often draws on several of our specialised service areas. Depending on your project's scope, you may also be interested in:

Solutions for Local Businesses in Banora Point, New South Wales, Australia

At COLETEK, we're a multidisciplinary Australian engineering and product development company established in 2001. With years of experience and innovation under our belt, we've built a reputation as a trusted partner for businesses across Banora Point, New South Wales, Australia. Our commitment to reliability, collaboration, and capability has earned us a place among the nations' top engineering and product development firms. As a local company serving businesses in Banora Point, New South Wales, Australia, we're proud to offer our expertise, backed by years of experience, to support the unique needs of this region. Our team thrives on working closely with clients to understand their goals and deliver tailored solutions that meet their specific requirements. COLETEK's extensive portfolio showcases our adaptability in serving a wide range of industries and sectors across Banora Point, New South Wales, Australia. From startups to established enterprises, we've forged strong relationships by delivering results-driven engineering and product development solutions that drive growth and success. Our capabilities span multiple disciplines, empowering us to take on complex projects that require innovative thinking and creative problem-solving. By working with COLETEK, businesses in Banora Point, New South Wales, Australia can tap into our collective expertise and experience, drawing insights from a wide range of industries and sectors. As seasoned professionals, we understand the importance of communication, transparency, and collaboration throughout every stage of a project. Our clients appreciate our dedication to ensuring that their products or services are designed with end-user needs in mind. COLETEK is uniquely positioned to serve businesses across Banora Point, New South Wales, Australia, offering a comprehensive range of engineering and product development capabilities. Our team's innovative approach and extensive knowledge allow us to tackle complex challenges head-on, translating into real-world solutions that drive results. When partnering with COLETEK, you can rest assured that you're in good hands – backed by the assurance of our national reputation for dependability. Whether your business is just starting out or looking to expand its presence in Banora Point, New South Wales, Australia, we invite you to explore the many benefits of collaborating with COLETEK. Our shared goal is to contribute meaningfully to this region's growth and prosperity. Join forces with us, and let our combined expertise shine a light on new opportunities for innovation and success.

Let’s build something remarkable together.

Contact Us

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


New Product Development and Product Design for Banora Point – Amazing Customer Testimonials

COLETEK have provided one to one communication throughout the development process and gone above and beyond in bringing our ideas closer to becoming a reality! Luke's expertise and knowledge with computer software and electronics is Jedi like, but what I liked most about working with him was his willingness and ability to think outside of the box.

I have been working closely with COLETEK for the past 6 years now, and I must say, it is a success story :-). I highly respect their team, they are a pleasure to work with and top skilled professionals. In addition to their top Technical service, their customer service is brilliant and it is a rare find. Their PCB repair rework skills are top notch and a rare find in this industry. I have been working in the IT industry for the past 20 years in various fields and seen it all so I can say with certainty that they are the best around and I am looking forward to keep working with them in the future.

We have used COLETEK on a couple of occasions and found their service to be professional and on time. We specialise in engineering and design of height safety equipment and since a lot of parts are made by casting from stainless steel we require a quick model before we proceed with the tool manufacture. COLETEK has been able to provide this quickly saving us valuable time and giving us peace of mind knowing our parts will look right when casted from stainless steel.

Intuitive, innovative & efficient are three words that would appropriately describe the COLETEK service. Luke and the team at COLETEK have taken our concepts to the next level.

I was grateful to find Luke Cole at COLETEK in the early days of an invention idea. He was very patient and generous with information to guide me along the way. And even though I did not preceed with my project, I would still recommend his services. Thank you.

As the proprietor a DIY environmentally pest control products business I have been more then impressed with COLETEK's design capability and professionalism in assisting to realise an idea into reality. From concept, CAD drawings, 3D modelling, alterations right through to the finished product. I am extremely happy with our new termite control product. I have no hesitation in recommending COLETEK's services.