[1][2] A focus on releasing an MVP means that developers potentially avoid lengthy and (possibly) unnecessary work.
Instead, they iterate on working versions and respond to feedback, challenging and validating assumptions about a product's requirements.
[3] The term was coined and defined in 2001 by Frank Robinson[4] and then popularized by Steve Blank and Eric Ries.
The MVP is analogous to experimentation in the scientific method applied in the context of validating business hypotheses.
For example, in 2015, specialists from the University of Sydney devised the Rippa robot to automate farm and weed management.
[15] The application of the MVP method here is that the business hypothesis is tested, and only if it proves successful will further development be invested.
[16] An MVP can be part of a strategy and process directed toward making and selling a product to customers.
[17] It is a core artifact in an iterative process of idea generation, prototyping, presentation, data collection, analysis and learning.
It is intended to ensure that the market wants the product before large time and monetary investments are made.
[24] Finding other people to create a minimum viable product is a common challenge for new companies and startups.