The vision of the Faste Laboratory is that functional products can be developed and offered to the market with a known risk, lower total cost, and less environmental impact, as well as include better customer value than traditional products. To achieve this, the centre will examine how physical artefacts and services may be designed and developed to become an element in a total offer, and enhance integrated product development to extend towards functional product development. The focus on Functional Product Innovation is to build on the strong and innovative research in Functional Product Development, Simulation Driven Design and Distributed Collaborative Engineering. This will create the capability to identify, model and simulate offer components in the early phases of the development process, and support a closer collaboration between value-chain partners.