I know a company with MVP program for start ups, which includes Validating idea's, finalize product strategy, creating high fidelity prototype, MVP development and more, different price range (From $ 4990 to 40 K). My question is would people really invest in such Programs ,if yes who will be ideal customers for such a program ?
To have someone step in to do everything necessary for an MVP, is similar to
those celebrity parents who paid a "consultant" to get their kids into top tier colleges. There is a serious learning curve that happens with the research, development, and beta of an MVP. If you simply pay money to let someone else do that for you, it may expedite the process, but it will cost you in the long game.
As you develop your MVP, align with those who can help you in the areas you are weak. Supplement help where needed. Don't short-change yourself or the process that's so important in a deep dive of your future company. Remember the 10,000 hour rule....the more you know, the higher the likelihood of success.
Hey for $4990 I will read your business plan and "validate" it - i.e. tell you how wonderful it is.
They do, and they should. Market validation is very import - do not skip regardless of how certain you are about the ability to sell your product.
However, the founder should be the one doing the heavy lifting - it is not something you can just delegate away. Sure, lots of people can help, but the CEO needs to be fully immersed in the process.
We only work with startups and they typically spend about $100K on MV - although the variance is quite large.
Honestly, it depends on what product you are building. Although this sounds like an accelerator/incubator. Some offer a discounted rate of using their services.
I am guessing these customers is more towards hardware. Industrial-design and software development is a very different ballgame.
For example, it is a startup focused on electronics in Med-tech. They will find the package very useful, as the product development has many phases. Even more so there are regulations to pass, and product liability is heavy.
Most start-ups including myself, has the wrong idea of product development. Especially, when the size of investment is heavy to have product molds and MOQ to fulfill.
Some might even offer a (low-fidelity) prototypes just to make it to the exhibit a when the product isn't ready. It is usually made of foam or a shell with available electronics.