A Minimum Viable Product is a product version with a minimum set of features to receive feedback for future development.
A Minimum Viable Product (MVP) is a product version with a minimum set of features just enough to be deployed and used by early customers who can then provide feedback for future product development. Releasing an MVP means avoiding lengthy and unnecessary work. Instead, iterations on working versions and response to feedback challenges, validating assumptions about a product's requirements. As MVP tests a potential business model to customers to see how the market reacts, it is especially useful for new/startup companies that are concerned with finding out where potential business opportunities exist. Thus, this methodology targets avoiding developing products that customers do not want and seek to maximize information about them with the least money spent.
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