| Proof of concept | A proof of concept is a demonstration that a proposed system or idea will work as intended. | The goal is to show that it works and can be implemented. | Early stage of product development | Doesn't usually involve user feedback and is evaluated by the team |
| Minimum Viable Product (MVP) | A minimum viable product is a scaled-down version of the finished product that is released to the market to collect feedback from early adopters. | The goal is to determine whether there is a viable market for the product and to identify any additional features that need to be added. | After prototype is successful, an MVP is created | It is built to get user feedback |
| Prototype | A prototype is a working model of a proposed system or application. | The goal is to determine how a concept will work and to get user feedback. | Immediately following approval of the POC | It is built to get user feedback |
