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Innovation
The Lab to Market Journey: Essential Proof Steps for Innovation
Moving a product from concept to market requires verification at several stages.
1. Proof of Principle (PoP)
Tests the core idea for feasibility through controlled lab tests.
2. Proof of Concept (PoC)
Focuses on developing a basic, functional prototype.
3. Proof of Value (PoV)
Confirms that the product addresses a real need and offers clear benefits.
4. Proof of Market (PoM)
Evaluates the product's market demand.
5. Proof of Prototyping (PoPt)
Creates a near-final model integrating all design elements.
6. Proof of Regulation (PoR)
Ensures the product meets all regulatory standards.
7. Proof of Scaling (PoS)
Verifies that the product can be manufactured at scale efficiently.