Expansion Bridge launches the MVP Challenge 2012. This contest gives entrepreneurs in the San Francisco Bay Area the opportunity to take their mobile or web app from concept to launch. The winning team will get their app built by expert software engineers and talented designers that will integrate with the co-founders to build their Minimum Viable Product (MVP) App.
Minimum Viable Product (MVP), a term made popular my Eric Ries, is "a version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort." This part is crucial to the beginning of a web or mobile startup.
With so much competition for funding and engineer talent, it can be very difficult for entrepreneurs to recruit a brilliant team. Through the MVP Challenge 2012 , entrepreneurs have a chance to win a software team that will build their MVP app. Entrepreneurs wanting to launch a startup typically look for a technical co-founder or raise money to hire software engineers and designers to build their product. Other entrepreneurs have the money but just want to get their product to market quicker. Expansion Bridge wants to offer an opportunity for entrepreneurs to launch their startup faster by building their MVP product for free. That is why Expansion Bridge is sponsoring the MVP Challenge - so that entrepreneurs can focus on developing the concept of their app and not worry about raising money and hiring software engineers, at least initially, ” says Consuelo Valverde, CEO of Expansion Bridge.
To enter the contest, entrepreneurs with a web or mobile concept are encouraged to submit their pitch video and mock-ups by November 8th, 2012. A panel of judges will review and vote on the best ones. 5 finalist teams will be selected and notified on Nov 26th, 2012. Finalists will pitch their start-ups to investors and panelists on December 5th, 2012 in San Francisco and get feedback for their startup. Winners will get their mock-up built into an actual product.
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