Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.

The first step of the new product development process is idea generation and screening. During this process, you must flesh out the concept as well as its proposed features and benefits.

Tamil Nadu govt to roll out a new policy for Startup and Innovation The MK Stalin government aims to establish 10,000 new startups in the next four years, targeting socio-economic development ...