Entering The Dietary Supplement Market as a Startup Product Development ..

Virtual Learning

February 4 – 6, 2021

Course Overview

Entering The Dietary Supplement Market as A Startup-Product development, planning for regulatory compliance
Instructor Led Remote Training
Entering the dietary supplement as a startup focuses on product development and planning for regulatory compliance. The training provides a systematic plan for the development of new dietary supplements. It includes regulatory reviews, user requirements, and the necessary steps needed to ensure that an organization is successful when entering the market as a startup. In addition to looking at the regulatory requirements we will review financial considerations and the decision points in the process.
The target, what does the market want?
User requirements for the consumer
Physical form
· Packaging
· Dosage
· Benefits; what health claims will be made
· User requirements for us
· Projected volume
· Marketing costs
Regulatory requirements
· Does this product contain a New Dietary Ingredient?
· Health claims
Financial considerations
How much will the market pay?
· Can I make this product with existing equipment?
· Is the new product a copy of an existing one?
Cost of components?
· Fixed costs
· Product development cost
· Marketing costs
Preliminary ROI calculation
· Decision to begin development
Specification development
· Final product
· Components
· In-process
· Analytical method development
Process design
Engineering design
Cost calculations
Capital
Marketing
Cost of Goods Sold
Final ROI calculation
Decision to begin production/sales

Conclusion
Resources
Who Should Attend?
Anyone from:

• Regulatory Affairs
• Management
• Manufacturing
• Quality Control/Assurance
• Packaging
• Marketing
• Laboratory Operations
• Auditing
• Suppliers and Distributors

General Registration $1000.00

NSF GMP Clients $700.00

February 4, 2021 - 1:00 p.m to 4:30 p.m.
February 5, 2021 - 1:00 p.m to 4:30 p.m
Course Prerequisites: None