PoC vs Prototype vs MVP: What's the Difference? | Corporate Lab

PoC vs Prototype vs MVP: What's the Difference? | Corporate Lab

Startups and new businesses rely on PoCs, MVPs, and prototypes to prove their ideas are worth pursuing. Corporate Lab provides a breakdown of these concepts, starting with proof of concept (PoC) which demonstrates that an idea can be turned into a project. A prototype is a first draft of the final product, designed to test functionality and receive feedback from beta testers. Finally, a minimum viable product (MVP) is a fully working product that tests if the market is ready for your idea. Understanding the definitions and key features of these concepts can save businesses time and money during the development process.

View

More Innovation Resources:

Innovation Types that Will Surprise You (With Examples)

There are many types of innovation beyond disruption, including product, process, incremental, architectural, and closed/open innovation.

View

5 Steps To Kickstart Your Trendspotting

Effective trendspotting is crucial for innovation architects and CTOs to keep ahead of the curve, but identifying relevant trends can be challenging. This two-part series discusses how to undertake trendspotting and what capabilities are necessary.

View

The role of innovation in reaching sustainability goals

Innovation and sustainability are driving forces for business growth, with environmentally-friendly products creating competitive advantages and cost savings while enhancing employee engagement. Here are key strategies for making innovative practices more sustainable.

View