Incubation Business Launch
March 20, 2022, 2022
Light Bulb Experimentation
In the past two hundred years light bulbs have been constantly evolving and improving for daily use, but the general concept has barely changed. This constant improvement includes the energy efficiency of the light bulbs. With newer LED technology, the bulbs are now some where around 80% more efficient. Many light bulbs also last longer than they used to. Still, the industry has a long way to go to get light bulbs where they need to be to truly satisfy consumers. This new light bulb prototype has what it takes to carry our lighting infrastructure into the future.
Have you ever thought of the number of times you have to change light bulbs in your house or office? The whole adage, how many people does it take to change a light bulb, would not be common with this new prototype. As electrical engineers, we have developed a new light bulb that will last 99 years. Luckily this light bulb fits in traditional lamps in your home and office setting. Energy efficiency is a big selling point of this product as it uses a quarter of the energy of traditional bulbs. It is also very safe as it senses an electrical short. It will turn of during a short to prevent fires.
The new light bulb also has some cons. The bulbs can only be made in a muted fluorescent color because of the technology used. The wattage off the bulb is only currently available of 60. Lastly, current price projects with manufactures are showing the cost per unit at $99. This would mean the light bulb would have to retail for $179.99 to covers costs and make a profit. Although that is not affordable, there could still be cost savings involved with having a lifetime and efficient bulb. We are seeking to use experimentation to help us secure a manufacturing partner as they are working to understand the scale of producing the bulb. The prototypes will be used to help in the experimentation. The three experiments that will be used to test this product fall under the categories of feasibility, viability, and desirability. There will be one experiment and test for each category to get a beginning idea of this products potential. More experiments will be tested in the future.
We are seeking to use experimentation to help us secure a manufacturing partner as they are working to understand the scale of producing the bulb. The prototypes will be used to help in the experimentation. The three experiments that will be used to test this product fall under the categories of feasibility, viability, and desirability. There will be one experiment and test for each category to get a beginning idea of this products potential. More experiments will be tested in the future.
First up we have one experiment related to feasibility that answers: “can we do this?”.
Next, we have one experiment related viability that answers: “can we make money at this?”.
Lastly, we have one experiment related to desirability answering: “do people want this?”
Not only does this new and exciting invention so how important innovation is, but it also showcases how important experimentation is to understanding the viability of your product. Without testing your products, you can never be sure if they are truly viable, desirable, or feasible. I believe that great ideas only fail if they are not proper understood in the marketplace or to the customers. They also fail when they are not properly tested.
Work Cited
https://energyprofessionals.com/evolution-of-the-lightbulb/