Technologies We Use
A proof of concept (POC) is an experiment we conduct to investigate if a software product can meet certain business needs. POCs play a critical role in the startup development process. POC development doesn’t normally include creation of an actual prototype, however, it is a wonderful method that shows whether an idea is viable for the market and works for your target audience. Moreover, we use POSs also to find out if the product itself can be built at a reasonable cost. This aspect basically involves assessment of certain technical issues. Other aspects are generally market oriented, including evaluation of market demand and estimation of return on investment. Moreover, POSs provide an alternative to market research. Given these points, it’s easy to see why we (and our clients) value POSs as a great tool in startup development.
In startup development a minimum viable product (MVP) is a basic version of a product. This basic version does not only deliver the essence of the product idea but also has just enough features to meet fundamental requirements and needs of end users. It is the core idea of MVP management, although there is definitely much more to it than that. The aim is to create and release a basic product that is actually viable, functional, marketable and provides satisfying user experience.
This method comes with numerous benefits that make MVP a great tool for startup development. Once the MVP is released, you can examine how it performs on the market. Likewise, this initial test will generate invaluable response by real users, and this feedback will help us improve and finalize your product. Altogether, an MPV enables us to test your product with minimal resources. Given that, you can avoid any unwanted financial loss and failure, which are otherwise major risks in startup development.
Prototyping is one of the most essential parts of the startup development process. We build an early model of a product to test it and optimize further versions of that product or stages of the development process. Generally speaking, the nature and function of a prototype is similar to that of a minimum viable product’s, yet there are key differences between the two. An MVP is generally a tested product itself you can actually sell to the public. A prototype, in contrast, is more of a draft of your product that is primarily for internal use.
We use prototypes to help our partners avoid some of the dangerous pitfalls of startup development. That is to say, many startups fail to resist constantly adding more features to their product, thus putting a lot of investment in one that might not eventually be right for the market. Prototypes enable us to test and add early-stage refinements to a product. Greatest benefit of a prototype is that it reveals the strengths and weaknesses of the product at an early stage of the project. As a result, we can reduce risks in a cost-efficient way.
Agile development is a set of principles for startup development. It is an approach that relies on well-organized teamwork and communication between teams and customers. One of the main principles is the importance of delivering results. Based on this, agile software development involves conducting work in sprints. A sprint is a short (normally two-week-long) period of time during which the goal is to complete a predetermined amount of work. With the help of sprints we can break your project in shorter periods, which in return enables regular cycles of testing, evaluation and planning. As a result, we maintain a high level of flexibility and the ability to adapt to changes quickly. Result orientation is another key principle in agile startup development as it encourages increased productivity and quick delivery of high-quality products.
Blockchain is a decentralized system that allows you to store and securely transfer information. The name comes from its structure, consisting of blocks. These blocks are individual records linked together, forming a chain. Every time a new block is added to a chain, it is linked to the previous block. The blocks are linked by cryptography and the system is continually growing this way. Blockchain is decentralized which means it’s not stored on a single computer. Blockchain was first used for the digital currency Bitcoin and has been used for recording transactions made with cryptocurrencies ever since. However, it has proved useful in a wide range of applications, including financial transactions, data storage, and intellectual property protection. Blockchain has been praised for high accuracy and improved security. We are keen to provide your startup with outstanding blockchain solutions.
Building a successful startup often comes with the challenge of solving complex problems. It can be difficult to identify the most critical problems and find real solutions to them. Knowing that, we guide you every step of the way to find the right solutions to the problem your startup is facing. We analyze the situation and consider multiple alternatives and various technologies. This stage is then followed by an evaluation process and the implementation of the solution that solves the problem in the best possible way.
