Proof of Concept (POC), Prototype, and MVP are not one and the same and should not be used interchangeably. In fact, the MVP is a stage in the product development life cycle that lies in between the Prototype and the Full-fledged Product.
A typical product development life cycle involves 4 stages
- Proof of Concept (POC)
- Minimum Viable Product (MVP)
- Full-fledged product
Unlike the MVP, POC is not a customer-focused task. It is a test of an idea or an assumption. For example, when you are building a single-page app, POC helps in finalizing a particular tech stack like Node.js as a perfect fit from a technology standpoint. In simpler terms, a POC answers the question, “Can we build that?” and the Prototype answers, “How can we build that?”
Pro Tip: A proof of concept helps decrease technology risks and prove the feasibility of doing a particular task.