Minimum Viable Product (MVP), Proof-of-Concept (PoC), Prototype. Three words that at first seem to mean the same thing… but they are not!
With the recent opening of the EIT Digital Ventures Program, on the 10th of March, these three names came to light, since one of the requirements to apply for the program is to have a PoC or a prototype. But don't worry, we are here to deconstruct each of these terms and understand what they mean.
It is true that the path from the idea to the launch of the final product is complex and small choices are necessary. One of the indecisions may be the choice between an MVP, a PoC or a Prototype. What do I want to verify? How big is my idea? Who will use my product? Will my idea work? These are some questions that can help when it comes to knowing which one to choose.
Let’s start from the beginning, you have an idea and you want to check if it is actually possible to bring it to “real life”. Well, in that case you do a PoC in order to confirm that the product really works. It is a small project created