Prototype vs. MVP vs. PoC
Prototype, MVP (Minimally Viable Product) and PoC (Proof of Concept) often get lumped together as one thing. This is understandable because each is an early version of a product; however, that is about all they have in common. Understanding this difference is important.
Pre-Production Prototype
A pre-production prototype is what you would imagine any prototype to be — the first copies of a design you intend to put into production; that is, it is constructed from the same drawing set that the production units will be built from and largely using the same production methods.
The purpose of a pre-production prototype is to validate the drawing set (master book) through a DVT (Design Verification Test
MVP
A MVP is used to validate the market
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A MVP can be as simple as a rendering, or a complex as a fully functional product, which may beg the question, why is it any different than a pre-production prototype? The answer is that in an MVP, the design team makes design choices that minimize development cost even if this means increasing the unit cost. This makes sense because the purpose of the MVP is for market validation
In an MVP, the design team may take apart another product to use the parts in the MVP, or they may use reference designs. When you are only going to build a few, and it is not clear what will happen after the MVP, it does not make a lot of sense to conduct a lot of DFM (Design for Manufacturability
Proof of Concept
A PoC prototype is a prototype that is used to determine if the technology is capable of meeting certain technical performance requirements. Generally, a PoC is not even a product — just something to test on the bench.
In any product development project, some requirements represent more technical risk
The purpose of a PoC is to validate that certain performance requirements can in fact be achieved.