15 years helping Irish businesses
choose better software

Minimum Viable Product (MVP)

Minimum Viable Product (MVP) is the first iteration and release of a new product, service, or feature. This release allows businesses to gather feedback about the product from customers and see how well it performs. Businesses can product an MVP with less time, effort, and funds than a finished product since the MVP will be used to inform and improve the final version.

What Small and Midsize Businesses Need to Know About Minimum Viable Product (MVP)

Small businesses should use MVPs to gather data about products or services. This allows for product iteration, giving businesses an opportunity to improve their product before sending it out to the market at large.

Related terms