A product research proposal is a document submitted by a company’s research group to the general manager or director of the company, proposing a research project to launch any new product or upgrading any existing product of the company. The proposal must include the purpose of the research group, the methodology and the estimated time and cost of the research.
Sample Product Research Proposal:
Name of the company: GSP Fertilizers Pvt. Ltd.
Proposal presented by: research group, GSP Fertilizers Pvt. Ltd.
Proposal presented to: Mr. Harry Bates, Director, GSP Fertilizers Pvt. Ltd.
Proposal presented on: 13th July, 2011.
The research group of our company has decided to conduct a research to manufacture organic fertilizer that would be environment friendly and also should be able to fertilize crops. The chemical fertilizers are harmful for human beings, if they are applied on crops, fruits and trees, which are meant for human intake. To avoid such harmful effects of chemical fertilizers, an alternative product must be launched for the welfare of the people.
Plan of work:
The research team proposes to conduct the research, once it gets the final nod and approval from the company. The estimated time required for this research work is six to eight months, and the approximate budget is $ 50,00,000, including advertising cost. Once this product is launched, it would bring huge profit for the company, as organic fertilizers are an upcoming concept these days.
If this proposal interests you, kindly give us a letter of approval, so that we can start working as soon as possible. We are planning to launch the product by the end of this year.
Mr. George Kane,
Research Group, GSP Fertilizers Pvt. Ltd.