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Industry Enhancement Program New Ideas Stream 1 (Stage 1) Application Form PreviewBefore You Begin * indicates a required ELD It is important that you read the relevant Program Guidelines prior to
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The new-product development process is a series of steps that helps organizations bring a new product from idea to market.
The product development team and relevant stakeholders are required to file the new-product development process.
The process can be filled out by analyzing market trends, conducting research, creating prototypes, and testing the product.
The purpose is to ensure that the new product meets customer needs, is competitive in the market, and is profitable for the organization.
Information such as market analysis, target demographics, product specifications, pricing strategy, and marketing plan must be reported.
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