Is it a fairly simple concept, or something more serious?

Simple projects might be things like an interval timer that turns something on and off, a low-end amplifier, or a solar-powered illuminated house address. Mid-level projects are things like calculators or remote controls. Serious projects would include computer add-on cards or peripherals, measuring instruments, or robots (very serious).

Simple projects are a company favorite-they can often be turned out in a week or less. These are the ones that can often be done for hundreds of dollars.

Mid-level projects take more time. For these it's best if the end product will be mass-produced or perform some truly critical function. Development time will probably range from a fortnight to a season, and the cost will certainly be over a thousand, and perhaps several.

Serious projects require months of development time and a great deal of information exchange. Multiple prototypes would likely be produced and then fine-tuned. Costs for projects like this will range from the price of a car to that of a house. Most likely only well-established companies will wish to contract for projects like these.

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