MVP (Minimum Viable Product) development is a process of building a basic version of a software product with just enough features to satisfy early adopters and gain feedback from them. It is a way to test the market and validate the assumptions before committing to building a full-featured product.

The MVP development process involves identifying the core features and functionalities that are essential to the product's success and building them quickly and efficiently. The goal is to create a product that is viable and usable, but without the bells and whistles of a fully developed product.

The MVP development process typically involves the following stages:

1. Idea generation and market research: The first step is to come up with an idea for the product and conduct market research to determine if there is a market need for it.
2. Define the MVP: The next step is to define the core features and functionalities that are essential for the product's success.
3. Design and development: Once the MVP is defined, the product is designed and developed. This typically involves rapid prototyping, agile development methodologies, and iterative testing.
4. Launch and feedback: The MVP is launched to the market, and feedback is collected from early adopters. This feedback is then used to refine the product and identify additional features and functionalities that can be added in subsequent releases.

The MVP development process allows businesses to test their assumptions and validate the market need for their product before investing significant time and resources in developing a fully-featured product. It also enables businesses to get feedback from real users, which can be used to inform future development and ensure the product meets the needs of its target audience. Overall, MVP development is a valuable strategy for businesses looking to launch new products quickly and efficiently, while minimizing risk and maximizing the chances of success.