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In this Tech Friday episode, we’ll discuss businesses that start not with an MVP or prototype, but present ideas with a PoC instead. Let’s see how it works.
Behind every business, there is an idea. How can you tell it will work out? How to attract investments, resources, and expertise to a project.
Any investor wants to see a comprehensive concept, financials, and sound reasoning to invest in your product.
That is why Chief Innovation Officers (CINO), business owners, CEO's, Project Owners, and start-up owners turn to the proof of concept.
PoC presentation contains the product's core goals, functionality, design, and unique features. It shows how to put the idea in place and for what kind of target audience.
Proof of concept is applied in many industries. In software development, POC is used to test new technology or functionality. Here at Zfort Group, we can assist you in developing one.
A prototype is the project's next step. It implies a working POC model that can be tested. The prototype has the full functionality that investors or potential clients can try. It serves the two primary goals. To win more investment and to detect and fix bugs.
After that goes MVP, its main goal is to launch a business and collect real-time data from the competitor's data. MVP entails minimal functionality aimed at the product's end-users. MVP can identify the project's financial success.
If you want to find out how to keep your PoC effective, you are welcome to check our articles:
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#proofofconcept #mvp #prototype #presentation
How to introduce your idea: PoC, MVP or Prototype?
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