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:

• Management

• Manufacturing

• Quality Control/Assurance

• Packaging

• Marketing

• Laboratory Operations

• Auditing

• Suppliers and Distributors

• Regulatory Affairs

  • Entrepreneurs

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