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What is a minimum viable product (MVP)?

You may be familiar with the term MVP or “minimum viable product” within the tech industry. How does it apply to you when you are trying to launch a mobile application or a SaaS company? If you are in the early stages of planning and doing your do-diligence in terms of finding the right technical partner who will develop this technology. 

MVP or “minimum viable product” is the natural first step in the software development process when trying to launch a new product without having proper market knowledge or the feasibility of investing in a complete application, either it’s a software of a mobile application. An MVP is also the way to execute the project due to a lack of funding to develop a complete product; an MVP can be used to get the necessary financing to continue development. An MVP is not only a way to get a working application to your intended target audience’s hands, but it’s also a way to gather necessary feedback from your audience to work on additional features or update your SRS (software requirement sheet) 

Why should you consider an MVP? 

  • It allows you to save time and money. 
  • Gather the necessary feedback from your customers/users 
  • Have a scalable working prototype without starting over
  • Find demand, raise capital, update the project requirement if necessary. 

Over the years, working with individuals to successful startups, which are VC backed, we have consulted and developed MVPs for various industries. Our team of expert engineers has the knowledge and expertise to get the project done from mobile healthcare applications to CRM SaaS projects. We specialize in various technical stacks for mobile applications to custom software development. 

Are we looking to learn more about our MVP development process or want to learn more about MVP development? Please schedule a complimentary call with our MVP experts.

Get started with an MVP