As you look into the solution for the problem that you have identified, both of which will constitute the foundation idea of your start-up, you have to define (1) what you are going to build, (2) for whom are you going to build it, (3) at what cost will you build it, (4) how will you bring it to the market.

The Minimum Viable Product (MVP) is a key concept that has been introduced in order to allow (1) fast market introduction with (2) lower investment risk and (3) efficient market feedback mechanisms for (4) optimum product-market fit.

The MVP could/should be the first development milestone of the product or service that implements the solution of the identified problem.

These are the topics to be addressed in this presentation:

What to do for the Solution? What is an MVP? Why Build an MVP? Build-Measure-Learn Process Product-Market-Fit MVP Matrix: Which Features, Which Viability? What to look into? The 4 Steps of the MVP Process MVP Process and Canvas