Vivid Nutripharm- Redefining Healthy Living
Role and Learning
Here, I was involved with product ideation, design, market and product analysis.
Learnings:
- how Nutraceutical sector works; market, products
- product improvement, conceptualization
- product specifications
Work and Impact
Product and Market Analysis:
Here I was involved with rigorous market and product research to analyze competition and improve available cordyceps product: EuCordy, Cordycep powder, Tincture
- I looked at the nutritional value and cost efficiency
- Design part
- Processes and technology which can be used to lower product cost and increase nutrition value
Impact:
- Improved the production of raw cordyceps; achieved 10% reduction in cost with 5% improved nutritional value.
Product Ideation and cost estimation:
Being a startup, most of the time I was involved with product conceptualization and feasibility analysis. There worked on various product ideas ranging from cancer products to animal feeds.
- Research involved the going through articles, patents and other technical literature.
- Feasibility analysis involved market research, competitive product analysis and cost estimation
Impact:
- Conceptualized (composition) a fish feed product, estimated cost