This artcile was originally Published on Bacancy Technology.
Overview
When existing businesses implement the new idea into the system, many organizations fail to adopt the correct strategy by not evaluating the idea and validating its feasibility. Developing new products requires satisfying the end-users by creating products that help them to solve their problems. We have witnessed these numbers of times, sometimes fortunes 500 organizations also fail to woo their customers when it comes to introducing a new product.

Have you wondered why? So let us pursue the matter without further ado. We’re going to discuss the concepts POC vs Prototype vs MVP, an ideal approach to kickoff startup. All these terms are applicable for organizations at the pre-seed, concept, and seed levels on the record- welcome on board!
The challenges every business face while choosing an MVP, POC, and Prototype can sometimes lead to a wrong selection. By doing so, your organization may result in leaking the finances and overall business growth. MVP vs. Prototype methods can be used together or independently, depending on the project roadmap.

An Overview of MVP, Prototype and POC

POC – Proof of Concept Proof of Concept

Goal: To find out whether the idea is technically feasible
A Proof of Concept is a mini project used to verify technical concepts such as technology, method, and integration.
It is not mandatory to develop a POC if the concept is already available in the market. If your startup is innovating, the viability of the new concept’s practical implementation is an uncertain idea. It is used before you launch the product in the market and before product development.
Proof of Concept is not publicly available to every customer, which is not usable because it verifies if the idea is operationally workable. Depending on the initial study, it allows you to assess if your product runs technically flawless or not. If it doesn’t work, it might be aborted or changed at the beginning.

Prototype

Goal: To demonstrate how the product will look
A prototype is an interactive mirror of your products’ eye that manifests the main design elements and determines the user flows. It focuses on determining the product look and understanding the fundamental project workflows that are to be included in the product development process.
What is a Mobile app prototype?
It shows how an app will flow from one screen to another and processes the app development. You can visualize the UX before you start developing your project. But when thinking about Prototype vs. Proof of concept, they are the same, giving an excellent idea of the kind of user experience you expect from your project.

Minimum Viable Product (MVP)

Goal: Launch and iterate based on user feedback
What do you mean by Minimum Viable Product? An MVP has a minimum required set of features to serve their customers and gain instant feedback for further improvement. An MVP is a functional app loaded with superior features that represent the application. It lets you know what your users like and what they wait to get later.
From a fundamental concept to existence, MVP is a primary system on its own that depicts your system’s basic version providing a small set of users and comments. It is a combination of microservices that mainly focus on creating one whole thing at a time. MVP is one of the most in-demand approaches for mapping product fit. As MVP development cost is lower that full-fledged product, more and more startups are planning to outsource minimum viable product development services.

POC vs Prototype vs MVP: What’s The Difference?

POC vs Prototype vs MVP POC, MVP, and Prototype are different from each other, and so is the objective. The chart given above represents POC vs Prototype vs MVP for your ease of understanding.
Read more here; POC vs Prototype vs MVP