The Birth of a MVP is in the Build Phase

You may have been contemplating launching your startup venture for quite some time now. You have spent hours day dreaming what it could look like and how people will be improved by its use. Or, you may be a service oriented leader that has a wonderful plan to improve the quality of life for a particular group or community. At the center of your plan is your minimal viable product (MVP).

What is a Minimal Viable Product? According to Lean Startup author Eric Ries, “A core component of Lean Startup methodology is the build-measure-learn feedback loop. The first step is figuring out the problem that needs to be solved and then developing a minimum viable product (MVP) to begin the process of learning as quickly as possible. Once the MVP is established, a startup can work on tuning the engine. This will involve measurement, learning and must actionable metrics that can demonstrate a cause and effect question.” The Lean Startup movement is designed to ensure your big idea gets to market quickly while meeting the needs of your customer. http://theleanstartup.com/principles

The MVP

Although the purpose of the MVP is to run testable experiments to learn whether it has value among your customers, the true role of the MVP is to gain insights from collected data. Ash Maurya, CEO and founder of an IT Startup Spark59 shares his experiences with designing his MVP using a staged roll out plan shared with early adopters.   https://www.youtube.com/watch?v=MHJn_SubN4E

Is it possible that your MVP can be funded by a grant or a partner who has the ability to be awarded a grant? If the answer is yes, Build/Measure/Learn how to get your MVP into the market place in 2014

Startup Funding News

Frederick’s Triea Systems and UMBC jointly awarded $250,000 from MDNR and MIPS to advance commercialization of new technologies that conserve energy and reduce pollutionThe BioMaryland Center is partnering with Maryland’s Department of Health and Mental Hygiene (DHMH) and the Center for Medical Technology Policy (CMTP) to incorporate improved health care quality and cost reduction criteria in the selection process for the BioMaryland Center’s annual Biotechnology Awards program. $1M will be awarded to projects, $50,000-200,000 each, advancing technologies toward commercialization–with preference given to projects which improve patient outcomes and reduce costs. October 1st is the deadline to apply for the next round of Biotechnology Development Awards. More information regarding the program is available online: http://www.bio.maryland.gov/Pages/default.aspx?utm_source=t2+BioMaryland+News+and+Events+-+8%2F12&utm_campaign=8-12-14&utm_medium=email

The BioMaryland Center is partnering with Maryland’s Department of Health and Mental Hygiene (DHMH) and the Center for Medical Technology Policy (CMTP) to incorporate improved health care quality and cost reduction criteria in the selection process for the BioMaryland Center’s annual Biotechnology Awards program. $1M will be awarded to projects, $50,000-200,000 each, advancing technologies toward commercialization–with preference given to projects which improve patient outcomes and reduce costs.

Customizing Empowerment is a thinking process that leads you to your

Organic Success!

About robinmcdougal

I am a wife, mother of two daughters, soon to be a grandma, S.T.E.M. ( Science, Technology, Engineering, Math) Advocate for kids especially girls, and a photographer. I spend my free time watching cooking channels looking for new recipes I can share with friends and family. I love wine tastings and meeting with my friends at our favorite restaurants. Spending at least 1 hour per day working on photographic projects is part of my self-care formula. To blend my personal passions with my commitment to increasing women in STEM careers, I launched COBALT Magazine to tell the stories of women who leverage technology to live passionate lifestyles. Named for the natural element found in fashion-forward design and the ion-lithium battery industry, COBALT Magazine women live passionately while energizing their community. Entrepreneur, S.T.E.M. Advocate, and lover of digital design, I am committed to attracting and developing women/girls to pursue careers S.T.E.M., especially in aerospace by removing real and perceived barriers. I am excited about COBALT Magazine for women in technology being the world’s largest free digital format magazine focused on women in technology. We are proud that COBALT Magazine readers are the world’s most influential technology leaders, business owners, political decision-makers, the most exciting young emerging tech professionals.
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