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| Innovation Phase | Description | Key Milestones | Estimated Completion |
|---|---|---|---|
| Idea Generation | Collecting innovative ideas and concepts for new products. | Brainstorming Sessions | Q1 2023 |
| Feasibility Study | Evaluating the technical and economic feasibility of the proposed ideas. | Market Analysis, Technical Assessments | Q3 2023 |
| Prototype Development | Creating initial prototypes for testing and evaluation. | Build First Prototype | Q1 2024 |
| Testing and Validation | Conducting tests to ensure the product meets required standards. | User Testing, Compliance Checks | Q3 2024 |
| Production Planning | Setting up production processes and logistics. | Supplier Agreements, Production Line Setup | Q1 2025 |
| Market Launch | Officially introducing the product to the market. | Marketing Campaign, Distribution | Q3 2025 |