EDA NM Rainforest University Center - Product Design

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EDA NM Rainforest University Center - Product Design - Making it Real

Complete this assessment to receive credit for viewing the January 28, 2021 New Mexico Rainforest EDA University Center Seminar, "Product Design - Making It Real" by Denise Pliskin. This quiz is based on both the seminar and handouts. Recordings and supplemental materials can be found at NMRainforest.com.. By viewing 7 seminars and completing each associated quiz, you can earn your Entrepreneurial Capabilities Certificate. Please email Cecilia Pacheco at cpacheco@innovations.unm.edu if interested in earning a certificate.

Name (First and Last) *

UNM Branch Campuses

Gallup

Valencia

Taos

Los Alamos

Main Campus

Not applicable

Clear selection

1. What is the first thing you need to consider when starting to develop your product/idea? *

a. Who will use your product?

b. What unmet needs will your product/idea address?

c. How is your product different?

d. What is your value proposition?

e. All of the above

f. None of the above

2. True or False? You should have already established your brand by Phase 2. *

True

False

3. By which phase are you ready to build an “early rapid/non-functional prototype?” *

Phase 1

Phase 2

Phase 3

Phase 4

Phase 5

Phase 6

4. Describe the purpose of a Po and PI prototype. *

5. By which phase is the point where you are "Making it Real?" *

Phase 1

Phase 2

Phase 3

Phase 4

Phase 5

Phase 6

6. True or False? By Phase 5 you should be working with manufacturers and contract manufacturers. *

True

False

7. Where can you go for funding? *

a. Angel investors

b. Traditional VCs

c. Friends and Family

d. All of the above

None of the above, I can fully fund myself

8. True or False? Branding and packaging design is a very important part of the overall design process and should be strategized & prioritized accordingly. *

True

False

9. True or False? It is helpful to have a mentor or advisor whom you can turn to for guidance during the product design process. *

True

False

True or False? Typically VCs are more interested in rapid growth companies that have a solid exit strategy than companies who want to maintain ownership and grow slowly but steadily. *

True

False

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