Is "to [verb] will [verb]" a complete statement?

Technically, the structure is actually "To verb-phrase will verb", and yes, it's a perfectly valid structure, although it can sound a bit stilted. In your particular example, you almost certainly need an "a" before "fancy product", though.

Also, it's probably more common (and definitely sounds less stilted) to use a gerund phrase rather than an infinitive-to phrase, thus:

Creating a fancy product will require more effort.