The differences in Scope

For Proof Of Concepts (POC): Quick Validation Validate an idea very fast and very cheap.

For Prototypes (PROTO): Validation and More Validate and explore an idea within a low budget and a short time-frame.

For Minimum Viable Products (MVP): Validation and Profit Validate, explore, implement, and even commercialize an idea within a reasonable budget and time-frame, avoiding large expenses and a full-fledged development process.

The differences in Usage

For Proof Of Concepts (POC): Private/Internal Ideal for private/internal use without market contact.

For Prototypes (PROTO): Private/Internal with Exceptions In general, for private/internal use without market contact but, under certain conditions, can be provided to a limited group of business/test users.

For Minimum Viable Products (MVP): Public In general, available for full public use and market interaction but access can be limited if the business plan requires it.

The differences in Potential

For Proof Of Concepts (POC): None No profit/revenue potential from the market. In some special cases and based on the size of the implementation, it can help to get seed funding.

For Prototypes (PROTO): Seed Funding No profit/revenue potential from the market. In general, helps to get seed funding from investors.

For Minimum Viable Products (MVP): Profit and Funding Ability to generate profit/revenue from the market. Also, it helps to get seed funding or additional capital from investors.

The differences in Value

For Proof Of Concepts (POC): None No commercial/resell value.

For Prototypes (PROTO): Knowledge No commercial/resell value but can enrich the knowledge base of an organization/team.

For Minimum Viable Products (MVP): Real Value Real commercial/resell value during exploitation or after selling/transfer to 3rd party entities.

The differences in Size

For Proof Of Concepts (POC): Micro - Small Single project and/or collection of documents/resources.

For Prototypes (PROTO): Small - Medium Single project, including related documents/resources.

For Minimum Viable Products (MVP): Medium - Large Single project or collection of projects, including various related documents/resources.

The differences in Complexity

For Proof Of Concepts (POC): Simplest Basic implementation, focused on a specific feature/target, intentionally ignoring the design (UX/UI).

For Prototypes (PROTO): Simple - Average Implementation of work-flow(s) with a focus on the design (UX/UI), capable of generating feedback from approved business/test users.

For Minimum Viable Products (MVP): Average - Complex High-quality implementation of core features with a focus on the design (UX/UI), capable of collecting real-life feedback from market users.

The differences in Delivery

For Proof Of Concepts (POC): Fastest Usually, delivery takes between a few days and a couple of weeks.

For Prototypes (PROTO): Fast Usually, delivery takes between one week and a couple of months.

For Minimum Viable Products (MVP): To be discussed Usually, delivery takes between one month and several months.

The differences in Budget

For Proof Of Concepts (POC): 500 € - 5,000 € * Estimated budget, based on past experiences and requests.

For Prototypes (PROTO): 2,500 € - 10,000 € * Estimated budget, based on past experiences and requests.

For Minimum Viable Products (MVP): 5,000 € - 50,000 € * Estimated budget, based on past experiences and requests. In this case, the budget can be bigger and it's correlated with the size of the request.