Glossary
MVP Development
Definition
MVP (Minimum Viable Product) development is a strategy where you build the smallest version of a product that delivers core value to early users. The goal is to validate your market hypothesis, gather real user feedback, and iterate before investing in full-scale development.
In Detail
An MVP strips away non-essential features to focus on the problem your product solves. This approach reduces development costs by 40-60% compared to building a full product upfront. For startups, it provides proof of concept for investors. For enterprises, it validates new business lines or internal tools before committing budget to a complete rollout.
Business Use Case
A Graz-based logistics startup needed to prove that their route optimisation algorithm could reduce delivery times. Dev House Austria built an MVP with core routing, driver assignment, and a mobile companion app in 10 weeks. The startup used the working prototype to secure EUR 1.2M in seed funding and then proceeded to full development.
