Pricing

How much does it cost to develop a new product?

Our pricing model is based on the number of "engineering hours" required to bring your product to the desired stage in the most professional and effective manner.

Before starting any project, our team conducts in-depth research and provides a detailed quote, including a step-by-step development plan, precise costs, and a clear timeline. We are committed to ensuring full synchronization with our clients, working efficiently within your budget.

We collaborate with startups during critical stages, and we are involved in specialized projects for the Ministry of Defense and other highly sensitive initiatives. Timely delivery, precision, efficiency, and close coordination with our clients are core values at Gizmo-Maker.

Many clients ask for rough cost estimates before the first meeting. It’s important to note that we cannot accurately assess project costs before a consultation. During the meeting, we dive into the details of your idea, allowing us to estimate the required engineering hours needed to complete development.

However, due to frequent requests, we have included some sample project costs below for reference:

Project: Foldable Bicycle

The total cost of the engineering development process – approx. $29,000.

Folding bicycle patent

Project: Device that Assists in Shortcuts Construction

The total cost of the engineering development process – approx. $25,686.

A medical device that enables precise cutting and sealing of an incision to reduce complications and scarring.

Project: Foldable Mifold Booster

The total cost of the engineering development process – approx. $23,732.

Mifold is a safety seat based on a revolutionary patent, making it a light, compact product (10 times smaller than a regular safety seat!), and primarily safe.