Minimum Viable Product (MVP)

An MVP is a prototype of a product or service that contains basic features to test the product in the market without being fully developed y

An MVP is a prototype of a product or service that contains basic features to test the product in the market without being fully developed yet. The final product will only be released into the market after several iterations of customer feed back and continous feature development. The MVP is a concept from the lean startup approach and is an important tool for product development.