What is a proof-of-concept prototype and when is it useful?
A proof-of-concept prototype is a prototype that is aligned with key objectives. It can be useful for proving a market, establishing technical feasibility, assisting in obtaining pre-sales agreements, investment, internal management approval or government grants. It can often be designed at a fraction of the cost and time of developing a commercial product. A proof-of-concept prototype isn’t intended to be a commercial product or one suitable for sale.