Time and financial resources are particularly important for start-ups, as well as many established SME’s, setting out to develop and launch a new software product or mobile application.
A Minimum Viable Product, or MVP, is a product with enough features to attract early-adopter customers and validate the product idea early on in the product development cycle. In industries such as software, the MVP can help the product team receive user feedback as quickly as possible to iterate and improve the product.
Having a Minimal Viable Product can help shorten your time in testing the market, acquiring early customers and validating your product idea. An MVP, and the associated data, may also be beneficial when pitching your idea to potential investors to secure Seed or Series A investment funding.
Why use Minimal Viable Product Development?
Depending on what industry sector you are in and the target users for your new product, system or mobile application, you might choose to develop and release a minimum viable product and release it because you want to:
As well as allowing you to validate an idea for a product without having to actually build develop the entire product, an MVP can also help you minimise the time and resources you might otherwise commit to building a product that won’t succeed.
In developing a MVP for you, our team of experienced and talented developers will firstly sit down with you and your team to understand your ideas, what functionality you want your product to deliver, your target customers and business goals. From there, we define and propose a product roadmap and wireframe, estimating the development timeline and setting important milestones. We then prepare the initial UX/UI design and develop the actual MVP so you can release to the market or selected sample users.
If you are thinking about developing a MVP, talk to us today, in confidence, and we’ll help guide you through the process and deliver a suitable MVP for your new idea.
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