I am working on a new product that is geared towards boat owners and would like your input on the idea and comments on how to proceed with this venture.
The product is a 19 lb remote controlled ROV (unmanned submarine) fitted with a colour camera, providing video to the operator back on the boat.
It is controlled with a unit that closely resembles a traditional gaming pad. Video is viewed with a set of video glasses to eliminate the glare from the sun. Max depth is 300 ft.
Owners could use them to inspect their hulls, or anything on the ocean floor (wreaks ETC).
Admittedly, products similar to this exist already, but are out of the price range for recreational use ($6,000 USD and up).
Unfortunately I cannot post pictures of the prototype because I am patenting now.
Quality is high - cast aluminum hull, magnetic couplers ECT.
List cost would be $1,499 USD for the whole package. After some time, I think that could be reduced to $999 USD. COG+duty+assembly is around $300-$400 depending on qty ordered. 100 units would be $400, 1000 units would be $300.
In your opinion - do you think this product is viable for mass production?
All comments good and bad are welcome.
I have spent 3000-4000 hours designing this product and testing it. The next step is to complete the final prototype and purchase the moulds required for production.
I forsee $40,000 USD as being a safe amount to start this project, but would rather find sources other then my personal savings to fund this. What avenues would you suggest I try?
Thanks for the help,