MVP Development for Your Startup Visa Business

Our Canada Startup Visa (SUV) IT Consultants will help you design, develop and deliver your Minimum Viable Product (MVP) for your SUV business.

One of the critical milestones each of the Canada Startup Visa (SUV) applicants must complete is to design, develop and implement a Minimum Viable Product (MVP) for your SUV business.

The applicant who is the owner of the business may hire our IT consultants who are seasoned project managers to complete the MVP development for our clients within the project timeline and budget.

What is a Minimum Viable Product (MVP)?

In product development, particularly in the tech industry, MVP stands for “Minimum Viable Product”. It is a concept from Lean Startup that stresses the impact of learning in new product development. An MVP is that version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort. This validated learning comes in the form of whether your customers will purchase your product.

What are the steps involved in building a Minimum Viable Product (MVP)?

Building a Minimum Viable Product (MVP) involves several steps:

1. Identify the Problem: Every product is created to solve a particular problem³. Determine your story and then explain what makes it unique¹.
2. Analyze the Market: Carry out a market analysis to scan for competitors³. This will help you develop your own Unique Selling Proposition (USP)².
3. Target the Audience: Identify who your potential customers are and what’s their motivation for choosing your product².
4. State a Business Model: Define how your business will earn revenue³.
5. Identify a User Flow: Your user flow is the route that your customer will take with your business². Break it down into stages to outline how your customers reach your intended goal².
6. List the Essential Functionality: Determine the minimal yet must-have features which define its value proposition¹.
7. Plan the MVP Development: This involves creating a roadmap for the development of your MVP³.
8. Develop the MVP: Build a basic, launchable version of the product¹. This version should be usable, reliable, and considerate of user needs¹.

Remember, the purpose of an MVP is to launch a product quickly, based on an established idea, with a small budget¹. It allows businesses to collect users’ feedback for the primary product and include it in future iterations¹.

Source(s):

1. How to Build an MVP: Steps, Examples, and Benefits – Orangesoft

2. A Step-by-Step Guide to Build a Minimum Viable Product (MVP)

3. How to Build an MVP in 2024: Step-By-Step Guide + Examples – Failory

4. Building a Minimum Viable Product: A Step by Step Guide (2022) – Bubble

5. How to build MVP [step by step guide] – Medium