Prototype your product to validate your business idea
Through our Minimum Viable Product (MVP) approach, our team of experts will collaborate with you to research your business idea, identify the core functionalities and build an MVP prototype to validate your assumptions.
Understand customer needs
Explore how customers interact with your MVP product and how it compares with competitors.
Focus on core functionality
Understand the features that customers value the most and the ones that are missing.
Reduce development risk
By prototyping an MVP, you will clearly understand the project's development requirements and make on time.
Market validation
An MVP allows you to test assumptions with customers and validate your business model.
Our Minimum Viable Product service
The MVP follows a multidisciplinary approach where product owners, developers, and UX/UI designers state all the features and their priority to meet your project's requirements.
How we do it
Building a Minimum Viable Product fit for market validation requires a thorough process to ensure you clearly express your concept and deliver to the customer's needs. At Imaginary Cloud, the MVP starts with a concept definition session, where together with your department, we clearly define your product's concept and customer proposition. After this, we will do thorough market research to identify competitors, their key functionalities, and customer needs. With this information, we regroup with your staff to map out the core features of your product and decide the ones we will be prototyping. The last stage is having our experts build your MVP prototype. We also recommend that we run a technical assessment after the MVP prototype, where we can create a high-level architecture and project plan to guide you through the following product development steps after prototyping.
Working Models
At Imaginary Cloud we provide you with flexible solutions to work with our team, depending on your requirements:
TEAM EXTENSION
We provide you with the exact resources that you need and will integrate your technical team to expand your capabilities, whether that's Data Scientists, ML Engineers, Data Engineers or others.
SPECIALIZED SQUADS
We provide you with a complete set of resources to deliver an end-to-end solution, removing the need to have a technical team or a project management process from your end as we will take care of everything.
MIXED APPROACh
You can define Staff Augmentation resources to help you on one side of the business and a specialized squad to help you on another.
Our answers to your MVP questions
What is an MVP?
A Minimum Viable Product is a prototype of your product with only the core features so that you can prove it solves a customer problem. It is usually built to validate a business idea, ease the funding process and reduce the development risk.
Why should I build an MVP?
The majority of the businesses that are developing a new product from scratch have a lot to gain from building an MVP. If you are looking to create a rather complex product with a lot of uncertainty during the business modelling process, an MVP will allow you to early test some of the features and validate your assumptions before you invest further in development.
What is the MVP approach?
There are many ways to plan an MVP project, however we follow the Scrum approach. The Scrum methodology is a process that aims to deliver small product iterations over time, instead of going through the whole product development in its final version before delivering any value. It is usually related to Agile development practices.
How much does it cost to build an MVP?
Depending on your project needs, consider the average hourly cost of a software developer working on your product from 1 to 2 months. If you need more detailed information, you can reach out to us, and we will help you with a better estimate. Our software developers will support you on your journey to success by helping you achieve your business goals.
Here’s what you need to know to bring extra value to your business:
Our answers to your Scoping Session questions
Here’s what you need to know to bring extra value to your business:
What is a scoping session?
A Scoping session is an initial session ran with our team of experts from developers to project managers that intends to help you clarify some of your ideals and transform them into a business concept, to ensure a solid start as you build your product.
What are its main benefits?
Because you have planned ahead, it will ensure you a clear roadmap of what to do, helps you identify the resources needed from the start, avoiding extra costs and delays, as well as better business forecasts.
How much will it cost?
Depending on your project needs, consider the average hourly cost of a software developer working on your product for 1 week. If you need more detailed information, you can reach out to us, and we will help you with estimations. Our software developers will support you on your journey to success by helping you achieve your business goals.
Case Study
Ovaldata
OvalData is an investor relation SaaS (Software as a Service). It empowers investment managers with a process to engage their investors. The tool delivers a web portal for reporting fund performance and other relevant data (info sheets, compliance documents, etc).
There are many possible approaches to launch a new product, and just as many obstacles along the way. However, there's a way of assessing the chances of success before diving in full commitment, and that's where the Minimum Viable Product (MVP) comes in.
ince the very beginning, software has been developed following a sequence of steps. It usually starts with a great idea or the desired solution for a specific problem. Then, it goes all the way to the actual delivery or even maintenance of the final product.
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