Designing, Verifying, and Testing your Minimum Viable Product

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Delivery via remote Webinar

11762 106 Street Northwest

Mawji Centre for New Venture and Student Entrepreneurship

Edmonton, AB T5G 2R1

Canada

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A version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort.

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The concept of a Minimum Viable Product (MVP) was popularized by Eric Ries in his book ‘The Lean Startup’. His definition of MVP is “The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.”

The idea of viability differs from person to person just as it differs from a product to product. In a more general sense, a product is viable if it successfully fulfills a need in the market. The notion of product viability is concerned with learning whether the features you deem important are, in fact, important to the users as well.

With a Minimum Viable Product, businesses can communicate their products or services to their target audience, collect feedback and iterate the product accordingly. While focusing on the MVP, companies should also not forget to focus on validating. Having a test plan for your MVP is important.

Chris Molzahn is a valued entrepreneur-in -residence for the Mawji Centre. Chris is an experienced Mechanical Design Engineer with a passion for innovation and new technology. His background stems from the Oil & Energy sector where he has been involved in multiple design projects for completion tools and well intervention. His roles as an Engineer have given him experience with research and development, product sustainment, manufacturing, technical sales, testing, tool qualification and quality control.

Date and time

Location

Delivery via remote Webinar

11762 106 Street Northwest

Mawji Centre for New Venture and Student Entrepreneurship

Edmonton, AB T5G 2R1

Canada

View Map

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The Mawji Centre for New Venture and Student Entrepreneurship fosters entrepreneurial spirit, critical thinking and collaboration.

We bring NAIT students together from all program areas and helps them cultivate new ideas and creativity, by delivering experiential programs, events and connections that students need to be successful.

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