PRODUCT ACCELERATOR 2025

Get Nurtured to Start Your Own Unicorn Journey!

Description

Growth in the Fourth Industrial Revolution and Green Initiatives have revolutionized the global markets. In addition to having novel ideas and products, it is crucial to have the ability to understand how to commercialize them strategically.

For offering the right product or service, entrepreneurs and professionals need to learn the practical aspects of developing the right product/IP. The program will equip you with the right tools, techniques and processes to design and implement a successful product/service.

What should be done to learn the latest technological and engineering norms?

Get enrolled in our program now because of following reasons

Strategically designed to incorporate all the latest tools, information and techniques to design, create and launch existing/new product/IP.

Small group, typically comprising of business manager and technical leads.

Strong emphasis on advanced treatment on Strategic Planning, Productization, IP, Supply Chain, Manufacturing, Marketing and Customer Support.

Small group session with the mentor for enhanced understanding and learning about the respective market – more focus on the participant’s product.

Program Flow

This program will nurture you as a competent individual – having advance level knowledge and practical experience – ready to thrive in the business world.

In the Pre-Development phase, the participants will be given training in planning out the main components of the project.
In the Development phase, you will Study and Analyze Product Requirements, Initiate Product Designing Process, and Implement and Integrate final design.
In the last phase which is the Post-Development Phase, Intellectual Property, Collaboration and partnering, Procurement and Vendor Management, Productization, Marketing and Customer Support aspects are covered.

Strategic Planning

Strategize, set your goals and plan activities to attain your vision.

Trade Study & Research

Learn about trade studies, system modelling using SysML and approaches to conduct trade studies. Also, how to create research and development roadmaps and engage with intellectual property creation.

Product & Technology requirements

Understand the characteristics of requirements along with the usage of system modelling to capture the requirements of a product through its life cycle development process.

Technology Development

Develop an understanding about different technology maps in perspective of different markets and also learn the technology maturity levels. Also, you will learn about collaboration to work jointly with other entities to achieve the common goal.

Product Concept Development

Learn about the process of ideation and also the techniques used in product concept development.

Planning

Learn about the designing of Product development plans, formation of teams and finances approval process along with engagement of different departments to provide their inputs.

Development

Understand the process of translation of product requirements to their designing. The design is progressively refined and implemented at different scales. Simultaneously, the different components are integrated and tested.

Validation & Conformity

Understand the procedure for validation with respect to requirements and verification of conformity to the desired standards.

Intellectual Property

In the last phase which is the Post-Development Phase, Intellectual Property, Collaboration and partnering, Procurement and Vendor Management, Productization, Marketing and Customer Support aspects are covered.

Collaborating and partnering

Understand what factors to look for and study to collaborate or partner with other entities.

Procurement and Vendor Management

Efficiently manage your supply chain and ensure effective quality assurance measures.

Productization

Learn how to take a working model through the validation of the product to ensure it is safe and reliable. Also, develop an understanding in terms of regulatory requirements, and validate its robustness, safety and reliability. In addition, you will learn about the need for supporting materials and disciplines, from documentation to packaging to online information and graphic design.

Manufacturing Engineering

Learn about manufacturing tools and processes. Also, understand the different stages of manufacturing engineering from process planning and simulation, to jig, tool, die, and fixture design, factory layout, machine tool programming, material handling, finishing, and inspection.

Manufacturing Operations

Comprehend how to efficiently manufacture products by employing the best and latest tools and processes – ensuring that the final product complies with the international global standards.

Marketing

Learn about the twin tasks of in-bound marketing, where product features are seen in terms of competitiveness and pricing and planned accordingly and out-bound marketing from product positioning, to advertising, use of different methods of outreach to the target audience including media, materials, events, and online presence.

Sales, Direct Marketing and Third-party distribution

Learn about the different circumstances that dictate which channel(s) is/are appropriate to maximize product sales and profitability and the issues that must be addressed when dealing with each type of approach.

Customer Support

Ascertain the latest tools for an effective customer support process.

Life Cycle Management

Learn the different stages of a product life cycle and select the appropriate measures for the product according to the life cycle stage.

Eligibility

All those individuals can get enrolled in the program who are:

  • Professionals or entrepreneurs or PhD degree holders of technological or engineering field.
  • Must have an existing product being developed by the entrepreneur or an existing IP being developed by the PhD student. We will help in refining and accelerating its market adoption.
  • Developed especially for entrepreneurs or PhDs who want assistance in strategic development of the technological product or service.

    Structure

  • Development of competencies to carry on product development and commercialization processes effectively.
  • Four-month internship program complemented with a monthly meeting with a highly experienced mentor.
  • As a minimum the team should consist of technical and business leads.
  • Time Commitments Requirement:
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  • Two 2-hours sessions per month on Sundays.
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  • 6-10 hours per week of assignment.
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  • 15 modules – 4 modules per month
  • Gaining holistic experience of all the departments involved in the product development process.
  • Keeping small group size to give focused and individual attention to the product/IP being developed.
  • A cohort of 4-6 people from different domains will be formed who will work on a real time project under the mentorship of an industry expert.
  • You will have to go through the evaluation process to successfully get the certification.
  • A quick and visual representation of the departments and the tasks to be covered in each of them is as follows

    Senior Management and Business Development

    • Strategic Planning and Activities

    • Trade Studies and Research

    • Market Study

    • Product and Technology requirements capture

    Research & Development, Legal and Market Research Departments

    • Ideation

    • Customer Engagement

    • Technology Development

    Engineering, Human Resources, Legal, Product Marketing & Purchasing Departments

    • Staffing & Organization for development

    • Detailed Product Development

    • Budgeting for execution

    • Establishing Processes & Planning

    • Collaboration & Partnering

    • Productization

    • Procurement & Vendor Management

    Manufacturing, Marketing and Sales Department

    • Manufacturing Operations

    • Manufacturing Engineering

    • Marketing

    • Direct Selling, Direct Marketing and Third-Party Distribution

    Customer and Sales Support Department

    • Customer Support

    • Post-Sales Support

    Continuing Engineering and Support Department

    • Life Cycle Management

    Projects

    All participants are ideally required to complete the final project. Although it is not mandatory that the final product is completed by the end of the program, it is important that all important domains are well understood by the participants.

    Here are some projects which can be undertaken by the participants:

    Augmented Reality

    Development of a Wearable Health Monitoring System

    Designing and implementing a system that can continuously monitor a person's vital signs (such as heart rate, blood pressure, and oxygen saturation) using wearable sensors.

    Robotics

    Design and Implementation of a Solar-Powered Water Purification System

    Developing a system that uses solar energy to purify water for drinking and other uses in remote areas.

    Autonomous Vehicles

    Investigation of the Properties of Nanomaterials for Use in Energy Storage

    Conducting experiments to study the electrical and chemical properties of various nanomaterials and their potential use in energy storage devices.

    Renewable Energy Systems

    Development of a Self-Driving Car

    Designing and building a self-driving car that can navigate roads safely and efficiently using advanced sensors and algorithms.

    Smart Home Automation

    Study of the Effects of Climate Change on Infrastructure

    Analyzing the impact of climate change on infrastructure such as roads, bridges, and buildings, and developing strategies to mitigate the effects.

    Health Monitoring Devices

    Design and Construction of a Sustainable Building

    Designing and constructing a building that uses renewable energy sources and other sustainable practices to minimize its environmental impact.

    Water Treatment Systems

    Investigation of the Properties of Biomaterials for Use in Medical Implants

    Studying the biocompatibility and mechanical properties of various biomaterials and their potential use in medical implants.

    Biomedical Devices

    Development of a Smart Grid System

    Designing and implementing a system that uses advanced sensors and control algorithms to optimize the distribution of electricity on a power grid.

    Internet of Things (IoT)
                                        Devices

    Optimization of Manufacturing Processes for Sustainable Production

    Analyzing the environmental impact of various manufacturing processes and developing strategies to optimize them for sustainable production.

    The participants will use mostly the products that are being worked on by companies or IP being developed by PhDs. But if there is none, then the suggestions are:

    Augmented Reality

    Development of Advanced Control Algorithms for Robotics

    Designing and implementing advanced control algorithms for robotic systems to improve their accuracy, speed, and safety.

    Robotics

    Investigation of Advanced Materials for Use in Aerospace Applications

    Conducting experiments to study the properties of advanced materials such as composites and ceramics and their potential use in aerospace applications such as aircraft and spacecraft.

    Autonomous Vehicles

    Development of Advanced Energy Storage Systems

    Designing and building advanced energy storage systems such as batteries and supercapacitors to improve their performance and efficiency.

    Renewable Energy Systems

    Development of Advanced Manufacturing Processes for Nanoscale Devices

    Developing new manufacturing processes and technologies to create nanoscale devices for use in electronics, medicine, and other fields.

    Smart Home Automation

    Investigation of Advanced Biomedical Imaging Techniques

    Developing new imaging techniques for use in medical diagnosis and treatment, such as high-resolution magnetic resonance imaging (MRI) and positron emission tomography (PET).

    Health Monitoring Devices

    Development of Advanced Computational Models for Climate Prediction

    Developing new computational models to predict the effects of climate change on the environment, including temperature, precipitation, and sea level rise.

    Water Treatment Systems

    Development of Advanced Artificial Intelligence Systems for Autonomous Vehicles

    Designing and building advanced artificial intelligence systems for autonomous vehicles such as self-driving cars and drones.

    Biomedical Devices

    Investigation of Advanced Wireless Communication Technologies

    Developing new wireless communication technologies such as 5G and beyond to improve the speed, reliability, and security of wireless networks.

    Internet of Things (IoT)
                                        Devices

    Development of Advanced Microelectronic Devices

    Designing and building advanced microelectronic devices such as transistors and sensors to improve their performance and efficiency.

    Water Treatment Systems

    Investigation of Advanced Materials for Energy Harvesting

    Conducting experiments to study the properties of advanced materials such as thermoelectric and piezoelectric and their potential use in energy harvesting devices such as solar cells and energy harvesters.

    Frequently Asked Questions (FAQs)

    The NovaTechX Product Accelerator Program is an innovative initiative designed to empower entrepreneurs, professionals, and PhD students to innovate and strategically commercialize their products and services in the global market. The program offers a comprehensive journey that encompasses various stages of product development and commercialization.
    The main objectives of the NovaTechX Product Accelerator Program are to empower participants with the knowledge and skills needed for successful product commercialization. This includes strategic planning, product development, intellectual property management, supply chain considerations, manufacturing, marketing, and customer support.
    The program consists of three distinct phases:

    a) Pre-Development Phase: Participants will undergo training to lay the groundwork for successful product development.

    b) Development Phase: Participants will study product requirements, design, and implementation to ensure a successful product development journey.

    c) Post-Development Phase: This phase covers essential aspects such as intellectual property management, collaboration strategies, productization, marketing, and customer support.

    The NovaTechX Product Accelerator Program offers several unique features:

    a) Small Group Sessions: Participants benefit from personalized attention and tailored guidance in small group settings comprising business managers and technical leads.

    b) Mentorship: Experienced industry professionals provide mentorship, sharing market-specific insights and enhancing participants' understanding of market dynamics.

    c) Comprehensive Preparation: The program equips participants with advanced-level knowledge and practical experience, ensuring their readiness to excel in competitive business environments.

    The NovaTechX Product Accelerator Program is open to aspiring entrepreneurs, professionals, and PhD students who have innovative product ideas and a desire to strategically commercialize them in the global market.
    Experienced industry professionals will lead mentorship sessions, offering market-specific insights and guidance tailored to participants' individual products and market niches.
    Yes, participants who successfully complete the NovaTechX Product Accelerator Program will receive a certification that validates their advanced-level knowledge and practical experience. They will be judged on their participation level in online discussions and mentoring sessions.
    To apply for the NovaTechX Product Accelerator Program, please download the application form and provide all the required information.
    The program aims to empower participants with the skills, knowledge, and practical experience necessary to succeed in the competitive business world. By teaching how to approach innovative product ideas and offering guidance on commercialization, the program contributes to a thriving entrepreneurial ecosystem.
    Program start dates can vary, with the first program tentatively starting in October 2025. It is a four-month-long program with bi-weekly online sessions.
    The NovaTechX Product Accelerator Program is designed to cater to a wide range of industries and sectors, enabling participants from diverse fields to strategically commercialize their products and services, typically targeting Fourth Industrial Revolution categories.
    The program recognizes the importance of Green Initiatives and Sustainability in today's market. Participants will be equipped with knowledge and strategies to align their products with environmentally conscious practices and market demands.
    The program costs $1000 per person for the duration of four months.
    The program is already highly subsidized and does not provide additional financial aid.
    This is a short program and needs to be paid up front.
    The selection criteria include:

    a) Capable and balanced team

    b) Compelling innovation and market potential

    c) Verifiable finances to execute the project

    d) Achievable goals within the specified timeframe

    Unfortunately, the program requires participants to have their own project.
    The criteria include:

    a) The team should have the domain knowledge needed by the project.

    b) The team should have adequate manpower to complete the project in the specified duration.

    Unfortunately, individual applicants without a team cannot participate in the program.
    No, it does not cover product development costs.
    The nature of the project will determine if a criterion is relevant, and the collective criteria have specified weightings. This ensures that the assessment aligns with the goals of the NovaTechX Product Accelerator Program.

    Instructors and Mentors

    Image 1
    Imran H. Khan
    Co-Founder & Instructor
    Image 1
    M. Salahuddin Khan
    Co-Founder & Instructor
    Image 1
    Micah Drayton
    Instructor

    About Imran H. Khan

    Mr. Imran is the President of SoftServ International Corp. He has extensive experience in designing products for communications, machine vision, video conferencing and IoT.

    He is an Avionics Engineer with a Masters in Electrical Engineering. Also, he has founded multiple successful corporations and held senior positions at leading technology companies. Additionally, his portfolio comprises of various technological developments such as Lidars, Giga Pixel Camera, Video Compression, Persistent Surveillance, Neural Human Interfaces, Multi Computing, Hardware Agnostic Streaming Architectures and Long Span IOT protocols.

    For more information, check his

    About M. Salahuddin Khan

    Mr. Salahuddin Khan is an Aerospace engineer, with experience in automotive engineering, consumer products, and many B2B markets.

    At present, he is Chief Technology Officer at Byonyks Med Devices and Managing Partner of QMarket Corp. A product development consulting company. Formerly, he has been Chief Technology Officer and SVP of Global Marketing and Strategy at HERE Maps and Chief Technology Officer at ComputerVision Corp.

    For more information, check his

    About Micah Drayton

    Micah is the chair and partner at Caldwell’s technology group. From the inception of the firm, he has harnessed his deep technical expertise to build the prosecution practice from what started as a lone practitioner to an extensive team responsible for thousands of filings every year.

    Under the direct guidance of Micah’s leadership, the prosecution team has maintained a 99% allowance rate on all patent applications filed and an average of fewer than two office actions prior to allowance. Micah has guided the prosecution of multiple clients’ patent portfolios from initial brainstorming to multimillion dollar valuations by analyzing their engineering products, identifying advantageous inventions, and securing patent protection for those inventions. Micah has prepared, prosecuted, and overseen prosecution of applications in technology areas including aeronautics, analog, digital, and photonic circuit design, biotechnology, polymer analysis and synthesis, machine learning, natural language processing, computer security and cryptography, blockchain and non-fungible token (NFT) technology, network communication, cloud computing and SAAS, bioinformatics, internet-of-things engineering, radio frequency communication, analog and digital power regulation, medical imaging, automated manufacturing, and wearable electronic devices.

    For more information, check his

    Certificate

    Once the modules and final project requirements are met and completed, the participants will be given a certificate of the program completion.

    Evaluation Criteria to successfully receive certification:

  • Online Discussion Participation (20%)
  • Completion of assignments (10%)
  • Online mentoring session participation (10%)
  • Eleven Point Criteria (60%). Depending on the nature of the project, the weighting of the eleven point criteria would vary
  • ▪️
  • Achieving desired functionality
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  • Ease-of-use
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  • Aesthetics
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  • Cost / Price
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  • Size and weight
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  • Manufacturability
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  • Documentation
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  • Packaging
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  • Robustness
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  • Environmental impact
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  • Effectiveness in meeting requirements
  • The certification will be a valuable addition for the professionals and PhD students as it will show that they have practical experience of the complete spectrum of all aspects of product development.

    Hands on experience and job ready programs for engineering and technology fields

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